Well, it’s only two days before the New Year so I better make my end of the year resolutions… Exercise daily, eat healthy, steady on the partying, and so on.. Trading-wise, here are my top 10 forex decrees: [Read more...]
Aboitiz Transport System (ATS) to Sail High?
On December 6, Aboitiz Equity Ventures or AEV in the Philippine Stock Exchange disclosed that it would push through with the sale of its transport unit, Aboitiz Transport System (ATS) to Negros Navigation Co. (Nenaco). Aboitiz Equity Ventures is selling 1,889,489,607 common shares, representing 77.24% of ATS’ outstanding common shares. The proceed of which will be used by AEV to finance new investments in power, food, and banking. As previously mentioned, the purchase price for 100% of ATS’s outstanding common shares is $105 million, approximately equivalent to $0.043 per share. This would then translate to PHP 1.8920 per share at PHP 44.00 per 1 USD. So presently, the shares of ATS is still trading at a 7.50% discount, assuming an exchange rate of PHP 44.00 to a dollar, given last Thursday’s close of PHP 1.7600 per share. [Read more...]
Fil-Estate Land (LND) Soared as Alliance Global Buys 50% Stake
It was a jolly Christmas indeed for the holders of Fil-Estate Land or GERI in the Philippine Stock Exchange as its shares zoomed from PHP 1.03 to close 26.09% higher at PHP 1.16 last December 23. News that Alliance Global Group, Inc. (AGI), the holding firm which also owns Megaworld Corporation, is buying 5 billion additional shares at PHP 5 billion in cash sent the LND soaring through the roof. This transaction would increase AGI’s stake in Fil-Estate to 60%. In a report disclosed in the PSE, AGI said that such move is in line with the company’s strategy of investing in tourism projects outside of Metro Manila. Apparently, the company had already disclosed that it will spend about PHP 7 billion in new-tourism developments earlier this month. [Read more...]
Major Economic Reports For December 26, 2010 to January 1, 2011
Hello trader friends! Hope everyone is enjoying the holiday season. Anyway, here are the global economic releases for the last week of 2010. May the New Year bring in some more success in our trading. Good luck! [Read more...]
Merry Christmas! – From LaidTrades.com
“Dear Santa,
I have been a very good bull this year and I promise to be even more bullish next year. I have a family of mini bulls to support.
Please, Santa, tell me how the markets will move in the future…”
Check the video after the JUMP… [Read more...]
The Santa Claus Rally
For kids it’s usually toys that they ask from Santa Claus but for us stock market players, it’s the Santa Claus rally that most of us ask for. For those who do not know, the Santa Claus rally is the rise in stock prices in the month of December and is usually seen on December 26 to December 31 in most stock markets worldwide. However, it doesn’t happen at the exact dates mentioned but yes, it usually takes place after Christmas day and before New Year’s eve. The usual factors behind the Santa Claus Rally phenomenon includes people trying to complete trades and make adjustments for tax purposes, happiness around Wall Street that triggers buying, injection of additional funds into the market including people who are investing their Christmas bonuses and the fact that the pessimists are usually on vacation this week to gain some positivity and good vibes (agree?! lol). This year, it looks like the Santa Claus rally has [Read more...]
Gold Dispensing Machine – Buy Gold Like You Buy Coke!
Envision being able to buy gold the way you buy your favorite soda. A fantasy? Not so…
“Gold to go” unveils its first gold dispensing ATM in the world at Emirates Palace hotel in Abu Dhabi.
Watch the video after the JUMP… [Read more...]
DMCI: Calm Before Another Bullish Storm?
Shareholders of the DMCI Holdings, Inc. or DMC in the Philippine Stock Exchange must have been partying all season long because of the unbelievable performance of the stock. Imagine, DMC only started trading at below PHP 10.00 in January 2010. And before you know it, DMC shares already reached a high of PHP 41.00 last November. Incredible! Anyway, after reaching the said high, DMC appears to have lost its upward momentum and has been trading flat ever since. Are shareholders just cashing their profits? Are we seeing a start of a downtrend? Or is DMC just gathering enough legs to propel itself to the sky once again? [Read more...]
Phoenix Petroleum to Follow Petron’s Footsteps?
The last two months has been very good for the oil stocks of the Philippine Stock Exchange, particularly Phoenix Petroleum and Petron Corporation. Petron has exploded from a low of about 6.80 in November 2010 to a high of 17.40 in today’s trading, forming a pennant pattern on its way. Anyway, that’s a gain of more than 250% in less than two months! Wow. Similarly, Phoenix has risen from 7.00 to a high of 13.80 during the same time frame. After reaching the said high, PNX, however, has consolidated into pennant or a symmetrical triangle pattern. The question now is, will PNX break out the same way that PCOR did? [Read more...]
US Dollar Seen to Rally Against the Japanese Yen
So after being routed by Japanese yen for the last three years, it seems like the US dollar‘s recent rally will extend at least in the near term. Earlier today, the Bank of Japan, which is headed by Governor Masaaki Shirakawa, decided to keep its interest rate unchanged for the foreseeable future to encourage spending. Japan’s core consumer price index, which measures the change in the price of goods and services consumed minus the price of fresh food, remains stuck at -0.6%. A decrease in prices suggests that overall consumption in the country is very [Read more...]
Deutscher Aktien IndeX Technical Analysis
Happy Holiday’s guys! Here’s my technical analysis on the Deutscher Aktien Index (German Stock Index/^DAX/^GDAXI) which is a blue chip stock market index consisting of the 30 major German companies trading in the Frankfurt Stock Exchange. Some of the notable companies included in this index are Adidas, BWM, Deutsche Bank and Volkswagen Group. Anyway, the last time I posted on this was back in July of this year and I mentioned that there could be [Read more...]
The New Zealand Dollar (Kiwi) Breaks Down!
Happy Holiday’s FX friends! Hope your trades are giving you dividends especially these days. Anyway, those who are long on the New Zealand dollar or the Kiwi as what investors call it in the street, should start thinking about lightening your positions. Why? Well, if you look at its daily chart, you will see that it has recently broken down from a head and shoulders pattern. In the process, it has also breached its uptrend line. As some of you might know, a break down from such pattern signals a bearish reversal. So if the NZDUSD pair fails to go over the formation’s neckline at 0.7400, it could fall all the way down to just above 0.6800 (computed by projecting the height of the pattern from the point of break down). On the flip side, a successful move above 0.7400 could send the pair at least back in sideways motion. [Read more...]
Major Economic Reports For December 20-24, 2010
Here are the major economic releases for December 20 to 24 of 2010. Kindly see the attached calendar to see the potential market moving reports and their respective currencies. Have a great week of FX trading! [Read more...]
Bullishness Seen In The Aussie!
Hello guys! Welcome to another day of forex trading. My forex pick for the day is an update on the Australian dollar against the US dollar currency pair (AUDUSD) or as some may call it “Aussie”. During my last post on this (kindly check here), I mentioned it could head north once again after a possible rebound from its 7-month trend line seen in the daily chart. Gladly, as the AUDUSD touched the trend, [Read more...]
Swiss Franc to Revisit Its Historical High Vs. the USD?
The market has been kind of iffy during the past couple of months and the USDCHF pair has been behaving in the same way. Looking at its daily chart, you can see that the pair has winded into a rising wedge pattern after marking an all-time low at 0.9462 back in October 4. Now as you of you might know, a rising wedge pattern is deemed bullish by technicians since it only depicts a temporary rally in prices. If this is the case, then the Swiss Franc could [Read more...]
Quantitative Easing Explained
Looks like these guys properly explained what quantitative easing is lol. Check out the video after the JUMP… [Read more...]
The New Zealand Dollar To Drop Against the US Dollar?
Hi guys, my forex pick is the NZDUSD pair (New Zealand dollar vs US dollar) or “kiwi” as some may call it. This currency had been going up since May of this year but after making a 2-year high of 0.7976 last November, it started dropping. Right now, I’m bearish on this currency pair as it could break down from a head and shoulders formation in the daily chart with the neckline at [Read more...]
Philex Mining (PX) Breaks Out!
The shares of Philex Mining, which is the largest gold producing company in the Philippines, or PX in the Philippine Stock Exchange have broken out from a either a rare inverted head and shoulders continuation pattern or a descending triangle. Either way, the recent breakout suggests a subsequent upside move for the stock. Looking at its daily chart, you can see that the volume of shares that was traded during the time of breakout has increased. The MACD likewise signal a bullish move with a bullish crossover (histogram just crossed above the zero line). Moreover, its RSI is already above 50 but below 80, suggesting that its upside move is gaining momentum. Yesterday’s (December 7) trading has also pushed it above all the three moving averages. Anyway, if buying continues to [Read more...]
DMCI: From Bearish to Bullish
A couple of days ago, the shares of DMCI or DMC in the Philippine Stock Exchange appeared to have broken down from a head and shoulders formation (please see my previous post here). More often than not, a break down from such pattern would place a lot of selling pressure on the stock. However, the breakdown gets invalidated when its price rose back above the formation’s neckline. I myself was caught in a “bear trap.” Now, DMC looks to have just broken out from a falling wedge pattern. Given this, I have to readjust my take on DMC from a bearish one to bullish. [Read more...]
Mc Donald’s Stocks Looking To Break Its All-time High!
Hello guys! My stock pick for the day is the world’s largest hamburger fast food chain, Mc Donald’s or MCD in the New York Stock Exchange. It has been more than a month since I last posted my technical analysis on Mc Donald’s [Read more...]
