We just went through an unfortunate hostage crisis which brought the stock market down. Yet we are still alive and kicking.  The Philippine Stock Exchange Index (PSEi) already reached the near term target of 3600 before it corrected.  Despite the big drop, we still managed to pick ourselves up and continue the current trend.
Even the [...]

The Philippine Stock Exchange Index (PSEi) is not finished with making new 30-month highs.  As we see the DJIA moving sideways, the PSEi has proven itself to have decoupled from the said index and has continued trending higher, much to the delight of most investors.
The moving averages continue to support the rise of the index [...]

The Philippine Stock Exchange Index (PSEi) has reached its 30 month peak last week at 3539 and has backed off from that level.  Despite the correction, our local index is still in the midst of a bullish trend.  Should the index continue correcting, the most immediate support that we see is at 3400.  The support [...]

The Philippine Stock Exchange Index (PSEi) is still bullish despite the implementation of a new trading system.  The new system has caused a lot of adjustment to be made not only from the broker’s side but also from the client’s side as they are all getting used to the new fluctuation structure.  To avoid the [...]

If we are to compare the DJIA with our Philippine Stock Exchange Index (PSEi), there is, surprisingly, a discrepancy.  The DJIA has undergone a consolidation phase that turns out to be bearish. It breaks down a bit and rallies past the breakdown point.  Our PSEi however, has never broken its uptrend since March 2009.  There [...]

The DJIA has been performing badly. But the PSEi has been testing the resistance at 3360.  Also, the index has still been respecting the uptrend support which is now around 3200.
The index remains bullish as it has been staying above the 3 moving averages.  It is also good to note that the moving averages are [...]

The Philippine Stock Exchange Index (PSEi) has been trying time and again to break the resistance currently found at 3365 but still without success, at least, not the past week.  However, if we look at how the index has performed lately, we could see that it has been retesting the resistance at least 3 times [...]

Last week, we wrote that the Philippine Stock Exchange Index (PSEi) will either move higher or it will return to the range and continue to consolidate.  True enough, the index returned to the trading range and continues to consolidate.  Let us be clear that this is neutral news.
PSEi has tested the 65-day moving average at [...]

The Philippine Stock Exchange Index (PSEi) gave many traders something to cheer about last week.  It was able to surpass the year’s high of 3342 by reaching a high of 3367 on Friday, signaling what could be a chance for the index to rise above the current consolidation.  It has been observed that the PSEi [...]

The Philippine Stock Exchange Index (PSEi) was able to recover the losses that the index suffered the previous week.  From a high of 3342, the index has fallen to as low as 3093, which was quite bad as we were looking at 3145 as a critical support.  The good news is that the index looked [...]