The Philippine Stock Exchange Index (PSEi) is going through the same thing that the DJIA is going through but it’s not as bad.
We mentioned before that the index was maintaining being above the moving averages to keep itself look bullish.  By the end of last week’s close at 4251, it has already dipped back below [...]

The Philippine Stock Exchange Index (PSEi) is still staying above all the moving averages to close the week at 4302 yet this doesn’t mean that we should be bullish after wading through a choppy market.
The moving averages continue to oscillate within each other, only confirming what we already know; that the index is still forming [...]

The Philippine Stock Exchange Index (PSEi) continues to stay above the moving averages to keep the whole market afloat and give traders a glimmer of hope.  However, that doesn’t mean that we’re out of the woods yet.
As we mentioned, the index is keeping itself above the moving averages to keep things bullish.  However, we need [...]

The Philippine Stock Exchange Index (PSEi) is looking eerily similar to what the DJIA is going through at the moment; which is that it is forming its own bearish head & shoulders pattern.
Earlier, we saw our index gap up by 60 to 70 points but what concerned us was that it wasn’t able to close [...]

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 [...]