Philippine Stock dailies January 20. More selling for the PSEi

PSEi 4,006.24 | down -33.32 | -0.82% Value 5.3B Asian stocks were weaker by 1% as China reports more signs of overheating growth, which is a sure harbinger of more rate hikes, direct or indirect. Over at wall street, Goldman posting lower than expected results gave no reason for a bullish market. Local stocks’ selling […]

Philippine Stock daily January 17, 7 signs of death or of strength?

PSEi 4,148 | up 16 Value Php 4.9B Dow Jones    11,787.38    +55.48    (0.47%) S&P 500    1,293.24    +9.48    (0.74%) Nasdaq    2,755.30    +20.01    (0.73%) Strong earnings reports from JPMorgan and Intel help propel Wall Street to fresh recent highs. Meanwhile, China tightens via increasing reserve requirements.  This move aims to reduce liquidity for speculation, and effectively increases […]

DMN March 19

PSEi  3,097.23         DOWN    3.72 value php        2,947,899,920.00 Dow+45.50 10,779.17+0.42% Nasdaq+2.19 2,391.28+0.09% S&P 500-0.38 1,165.83-0.03% Wall street inches even further higher but only for the Dow 30, leaving the broader S&P quite flat despite good inflation and jobs data. So what to do now in this creeping snail bull of a market.  To quote certified technician […]

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