LN’s UBB’s (Useful Breakfast Brews)

LN’s UBB’s (Useful Breakfast Brews) The market has now corrected 2 days in a row, had it not for a last minute window dressing for SM to P570, we would have been down for the index PSEi close to 50 pts. Market internals still favor the bulls though, as foreign money/buying still continues to come […]

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 […]

Daily Market Notes December 10, 2009 on shorting, nihao, pacifica, ism, ajo

PSEi    3,006.57         UP     25.32value php   2,149,600,855.00 DOW    51.08 +0.50% 10,337.05NASDAQ 10.74 +0.49% 2,183.73S&P 500  4.01 +0.37% 1,095.95 Yesterday's Wall Street equity bounce was attributed to the dollar's fall, and a rise in wholesale inventories and an upgrade of 3M.  Gold continues its slide to 1125, oil slips further to $70. The Psei's volumeless rally was […]

Longneck’s UCC’s (Useful Chit-Chats) : My Thoughts on the Recent Subprime Crisis

The recent subprime financial crisis : what really happened, what’s happening, and my thoughts as to what will happen — these will be discussed and linked as thoroughly as possible by yours truly in simple layman’s terms in this special edition of my UCC’s. I have this thought that has dangled in my mind for […]

Longneck’s UCC’s (Useful Chit-Chats) Dec 4 ’09

After breaking out and above 3,100 on Wednesday, our PSEi has succumbed to profit taking and is down again today by another 29pts to 3,062 . Coincidentally, Wednesday was also the day before this gigantic PX correction. PX’s down move south of about P4.00 costs around a cumulative 35pt drop over the last 2 days. […]

Longneck’s UCC’s (Useful Chit-Chats) Nov 23 ’09

Today market was down 20pts , now largely attributed to MER’s correction. MER’s descent costed 9 PSEi lost pts.  To be honest, I didn’t see this one coming, and may have called the eventual break-out wrongly for the moment. Consolidation below its P232 recent high could be in the works. PX led the way for […]

Daily Market Notes November 16, 2009

PSEi     3,011.36         DOWN   22.96value php     4,105,654,390.00DOW    73.00 +0.71% 10,270.47NASDAQ 18.86 +0.88% 2,167.88S&P 500   6.24 +0.57% 1,093.48 Before everything, else, let's vote for our very own pushcart teacher efren in cnn.com/heroes. you can vote as many times as you want. Since saying that stocks corrected on renewed growth pessimism, gains last Friday were now attributed to […]

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