Another issue has caught our attention by forming a major reversal pattern.
FPH has been going sideways since June 2008 and has formed what we think is a cup & handle.  The cup started on August 2008 and ended March of this year.  Right after that, a symmetrical triangle, which serves as the handle, also formed. [...]

There’s still some waiting that needs to be done for EDC but I believe it’s just gearing up for some momentum.
After falling from its high back in October 2007, EDC has rebounded from its lowest point in December 2008, and has reached a high of 4.40 just this April.  It is currently continuing its consolidation [...]

It may be conflicting considering the situation but we’d like to wish everyone a Happy New Year!
So what’s in store for the PSEi for the start of the year?  Unfortunately, it looks like it’s going to be more of the same.  The only reason we say this is because the trend still hasn’t been broken [...]

Like clockwork, the PSEi had retested the resistance of the triangle and seems poised to continue the consolidation.
It seems that more consolidation is in store for the market before it will be able to decide which direction it wants to take.  For everyone’s sake, hopefully it goes up after the consolidation is over.
The MACD is [...]

It’s confirmed.  We are just drifting without any clear direction.
Ever since we bounced off the low of 1684, we have consolidated in the range of 1890 to 1950.  It was only last Friday that the market has decided to move away from that range.  However, the volume was quite weak.
There doesn’t seem to be anything [...]

The index dropped to as low as 1684.75 but we had a good rally last week with the PSEi nearing the 2000 level.  That’s the good news.
The bad news is that the market is still bearish and there is still no signs of a reversal.  No reversal for the intermediate trend, that is.
There would be [...]

Things have taken a turn for the worse.  We already broke through the 2000 psychological support level and the PSEi still hasn’t stopped dropping like a brick.
The DJIA has been trying to revive its own market but to no avail and it has dragged down everyone along with it, including us.  The MACD of the [...]

The global markets have thrown everything in to stop the financial disaster from happening, including the proverbial kitchen sink. It still doesn’t stop the carnage from stopping.
With that, the PSEi has been suffering the same consequences of the other markets as we have had our third  consecutive gap down in the same number of trading [...]