The Philippine Stock Exchange Index (PSEi) got a boost with the DJIA rising more than 300 points due to the bailout of Greece as it gapped up on heavy volume to close the week at 4333.  Although this is good, there are still some things that concern us about the index.
The good thing that we [...]

The Philippine Stock Exchange Index (PSEi) had found a temporary resistance but it hasn’t strayed too far from that area.  The problem is we don’t know how long this will last.
The index rallied from the low of 3715 to go back to the 4100 level in a quick span of time.  It has now entered [...]

The Philippine Stock Exchange Index (PSEi) has been rising for 7 straight trading days.  A correction could be coming very soon to the market.
The first thing we noticed when the index kept on rising was it hit the 200-day moving average at 4160 for 2 days.  This rally is already reflected in how the MACD [...]

The Philippine Stock Exchange Index (PSEi) has rallied off the support of 3715 and has broken back above the 4000 level.
The index is definitely rallying at this point as it is still below the moving averages and has yet to retest the resistance at 4200, currently.  But even before it can test that area, the [...]

The Philippine Stock Exchange Index (PSEi) did the unexpected last week.  It reached our downside target of 3736 in just a matter of 3 days after breaking the neckline of the head & shoulders.
For the moment, the moving averages have yet to include the recent breakdown in the index as the 50, 100 & 200-day [...]

The Philippine Stock Exchange Index (PSEi) has finally succumbed to what the whole world has been doing lately; the index has also fallen and it has fallen hard.  The 210 point drop we had was the worst fall of the index since October 2008, where we had a 239 point drop.
The index has fallen through [...]

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 [...]