The outlook for the Philippine Composite Index (PCOMP) has turned sour when it broke its long term support a couple of weeks back. Over a longer term, though, it seems that the index could fall into a deeper ditch. [Read more...]
PSEi: Still On A Red Alert
Things appear to be a little bit more gloomy for the Philippine Stock Exchange Index or the PSEi in the near term at least from a technical perspective. [Read more...]
PSEi: Testing Some Major Supports
The Philippine Stock Exchange Index (PSEi) or PCOMP has been seeing some wild and scary ride for the last couple of weeks. After enjoying consecutive days of marking new all-time highs, the index suddenly saw its gains for the year disappear in less than a week. So the question now is, will the local equities recover or will it finally fall into a bear market? [Read more...]
Bearish Divergence Seen On PCOMP
For the week starting July 11, 2011, it seems that the Philippine Stock Exchange Composite Index (PCOMP) or the PSEi, could trade sideways with a little downside bias before it inches higher again. [Read more...]
A Look At The PSEi
It was a wild Friday for the Philippine Stock Exchange Composite Index (PCOMP) or the PSEi when market-on-close sell orders of heavyweights like PLDT (TEL) sent the index back in the red after trading in the positive zone for practically the entire session. [Read more...]
PSEi Bulls Are Back!
After hitting a snag for several months now, it appears that the Philippine Stock Exchange Composite Index (PCOMP) or the PSEi has found its winning shape again. Presently, things looks more upbeat now, at least from the technical point of view, for the Philippine economy as it is represented by the local equities index. [Read more...]
PSEi: Crucial Resistances Ahead
Troubles in the international market, particularly in the Middle East and Japan, have been weighing heavily on the Philippine equities market. Hence, you might ask when is it best to jump back in especially at these times of uncertainties. [Read more...]
PSEi – More Bad Days To Come??
The past 3 months weren’t particularly well for the Philippine Stock Exchange Composite Index despite all the positive hype that the Philippine economy has been getting as of late. [Read more...]
Philippine Stock Exchange Composite Index (PSEi) Clings To The 200-Day Moving Average
Let’s take a look at the chart of the Philippine Stock Exchange Composite Index (PSEi) once again. Based on [Read more...]
Philippine Stock Exchange Composite Index (PSEi): Uptrend Still Intact
The Philippine Stock Exchange Composite Index (PSEi), which is composed of thirty listed companies, bounced at [Read more...]
Philippines Outlook 2011
2010 went particularly well for the Philippine economy as it is expected to have expanded by as much as 7.0% for the whole year. [Read more...]
Goodbye PSEi!!!
Hiya, did I catch your attention? Well, looks like it’s a “Yes” but I’m just kidding with the title guys! Anyway, on the canvas is my technical analysis update on the Philippine Stock Exchange Index (^PSEi) which already dropped more than 10% of its value this month of November alone and could continue to do so. During yesterday’s trading session, the ^PSEi broke down from the 4,000.00 psychological level and like I mentioned on my previous post (kindly check this), if [Read more...]
PSEi Finally Corrects!
Hi guys, the Philippine Stock Exchange Index (^PSEi) has finally corrected after an incredible run since September of this year. From around the 3,600.00 level, it rose all the way to an all-time high of 4,413.42 last November 5 (here’s my last post on it). However, seems like many traders have taken hefty profits after the remarkable run which caused the index to correct. At the same time, major indices from the global stock market such as the Dow Jones Industrial Average (^DJI) corrected as well. In less than 2 weeks, the PSEi nearly loss 10% of its value from the 4,413.42 all-time high to the current value of 4,069.31. Regardless, this is [Read more...]
PHILIPPINE STOCK EXCHANGE INDEX: PSEI 4-12-2009
PSEi, the Philippine Stock Exchange’s main index, has dramatically been falling down for more than a year now along with the global markets. However, we can see from the charts that the year long decline of the PSEi has been reversed last week as the prices emerged above the downrend‘s resistance line (green dotted line). Is this already a reversal or just a rally?! Click image to enlarge!
