Tsupitero of tsupitero.com believes that there's a chance for our market to begin a strong rally and the indicator is if the PSEi hold above 2632 for this week. He had a fancy chart on his site that I pretended to understand and he said something about a white candle. Anyhow, his magic has been hitting the bullseye so he has my attention.
Though Technical Analysis (TA) isn't really my cup of tea, I know that a significant part of the market relies on TA. I'd like to know what they're thinking.
Friday, September 5, 2008
not quite the rally i expected
The Philippine Daily Inquirer noted that buying may have slowed do to the coming inflation data. Even after the large drop in U.S. oil and the big surge in U.S. stocks, we only saw the PSEi jump past the 2750 mark, up only about fifty points from two days before.
Not quite the rally i expected.
Not quite the rally i expected.
Tuesday, September 2, 2008
oil drops over $8.00 to $108; PSEi likely to rally
We're likely to see the PSEi rally and track the expected large gains in the U.S. stock market, the dow currently at +2%, S&P at +1.85% and Nasdaq +1.36% in early trading, due to oil dropping over $8.00 to settle at the $108 level. The drop is reported by CNBC to be due to the easing concerns over hurricane gustav.
The PSEi closed at 2708.25 monday, Sept. 2, 2008.
The PSEi closed at 2708.25 monday, Sept. 2, 2008.
Sunday, August 31, 2008
here come the "ber" months
The forecasts for the end of 2008 have not improved. But for the meantime, we are enjoying a reprieve in the rise of commodities and even some rollbacks in oil. These are great things for our economy as a whole.
As the "ber" months approach, what can we expect from the PSEi? Even the most sophisticated analysts cannot say with certainty. Tsupitero of tsupitero.com com sees the PSEi is in somewhat of a state of limbo.
With that in mind, I'm still looking for good opportunities to buy. Compared to last year, many of Philippine stocks are discounted. Given that investors are spooked, and money has been consistently flying to safer havens like bonds, there is little attention being given to equities.
Why do I like to against the flow in times like this? Well, as long as we keep investing manageable amounts that we're willing to leave over the long run, we can ride out the dips and cash in on growth which can be reasonably expected over the long term. Notice, our economy is still growing, albeit slower than last year. Many companies are posting lower gains than the previous years, but GAINS nonetheless.
As the "ber" months approach, what can we expect from the PSEi? Even the most sophisticated analysts cannot say with certainty. Tsupitero of tsupitero.com com sees the PSEi is in somewhat of a state of limbo.
With that in mind, I'm still looking for good opportunities to buy. Compared to last year, many of Philippine stocks are discounted. Given that investors are spooked, and money has been consistently flying to safer havens like bonds, there is little attention being given to equities.
Why do I like to against the flow in times like this? Well, as long as we keep investing manageable amounts that we're willing to leave over the long run, we can ride out the dips and cash in on growth which can be reasonably expected over the long term. Notice, our economy is still growing, albeit slower than last year. Many companies are posting lower gains than the previous years, but GAINS nonetheless.
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