The Philippine Stock Exchange Index (PSEi) is still waiting for something to push it to higher levels as was expected a few weeks ago.  It’s turning out that the index is stuck inside a range.
The 50 and 100-day moving averages are blocking the path of the index at 4383 and 4327, respectively.  Coincidentally, the 100MA [...]

The Philippine Stock Exchange Index (PSEi) continues to trade within a tight range as we wait for a catalyst to push the index.
The index has been trading between the 50 & 100-day moving averages, and they have been serving as both resistance and support respectively.  The 50MA has been blocking attempts for the index to [...]

The Philippine Stock Exchange Index (PSEi) has been steady as it is still going sideways for the past month while its US counterpart has been on a roller coaster ride.
While the index ended the week at 4392, which is slightly higher than the 50-day moving average at 4383, this doesn’t necessarily mean that we are [...]

The Philippine Stock Exchange Index (PSEi) is holding its own despite the sell off that’s happening in other global markets.  Our index is just moving sideways, hopefully to retest our highs and continue climbing to new uncharted levels.
The PSEi ended the week at 4305, somewhere around the 100-day moving average at 4315.  Although this is [...]

The Philippine Stock Exchange Index (PSEi) is holding its own despite the sell off that’s happening in other global markets.  Our index is just moving sideways, hopefully to retest our highs and continue climbing to new un

The Philippine Stock Exchange Index (PSEi) had a bit of a reaction from all the bearish movements in the DJIA but has proved to be very resilient than we give it credit.  Although we finished the week at 4339, this is still above our immediate support of 4328.
Last week, we wrote the index stopped around [...]

The Philippine Stock Exchange Index (PSEi) had a bad reaction due to the DJIA’s big drop.  However, we were able to get some of our bearings back as the gap down was filled up almost immediately but the index got stopped going up.
When the index fell, it went through the 50, & 100-day moving averages.  [...]

The Philippine Stock Exchange Index (PSEi) has reacted just as pessimistically as other markets to the movement of the Dow Jones Industrial Average, as the index dropped by as much as 159 points in the middle of the last trading day.
The drop was quite big but the 50-day moving average was able to provide support [...]

The Philippine Stock Exchange Index (PSEi) has proven to be resilient as it came near our expected support area of 4464 before moving up higher to end the week at 4503.  A lot of people are getting concerned that the debt ceiling problem in the US would spill over all the global markets including us.  [...]

The Philippine Stock Exchange Index (PSEi) continues to make a lot of people smile as it has been making a new all-time high when it hit 4515.  It has corrected a bit from that level.
The moving averages and the MACD both continue to confirm the bullish sentiment in the market as both have been trending [...]