PSEi 2,438.04 UP 5.15
value php 1,954,009,525.00
DOW 57.06 +0.67% 8,504.06
NASDAQ 10.68 +0.58% 1,845.72
S&P 500 4.01 +0.44% 923.33
Investors moved back into stocks Wednesday after manufacturing and housing reports showed the pace of the contraction in those sectors is easing. But the over 120 point rally on the dow was pared down again by half.
So what is happening so far aside from the evident Sell on rally theme worldwide? It also seems that upon hitting 2 week low supports, sellers take a break and stop their selling, but heavy buying do not want to put their money in at those levels either.
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