Daily Market Notes December 17, 2009

PSEi     3,048.15         UP     15.78value php      3,952,771,955.00 DOW   10.88 -0.10% 10,441.12 NASDAQ 5.86 +0.27% 2,206.91S&P 500 1.25 +0.11% 1,109.18 Wall street turns flat amidst a global equity market that has run 70 to 100% already, and yet is on the way to economic recovery.   Local markets edge higher led by EDC 4.55, TEL 2610, AC […]

Daily Market Notes December 16, 2009

PSEi                 3,032.37         DOWN   14.20value php           3,083,611,677.45 DOW      49.05 -0.47% 10,452.00NASDAQ 11.05 -0.50% 2,201.05S&P 500   6.18 -0.55% 1,107.93 Wall street corrects on data pointing to inflation. Local trade manages to pare losses by half at closing time.  Roughly 600M pesos of today's 3B total trades turnover were crosses from SM, TEL VLL. Today's overall top gainers […]

Longneck’s UCC’s : Focus on FGEN SRO

ANALYSIS ON FGEN and UPCOMING SRO : Technically, FGEN broke down today of P15.25~P15.50, but with RSI now at 29, might be due for a bounce back to the above said levels… How will I play this one? Chart supports are at previous psychological P20.00 –> P20.00 / 1.50 (50% stock div) = P13.33 roughly… […]

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