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Oh, what a week it was for our beloved PSEi. Though we were only up 13pts at the close, we were actually UP a whopping 65pts week on week, from 2978 to now 3043, and this amidst a backdrop of a week-on-week down DOW. The DOW actually shed 75pts week on week, from 10,400 to its now 10,325.

MER had a lot to do with the index, adding P18.00 from its P162 to its now P180. I have made a pick intra-week to buy MER, and I hope people were able to ride this before it did break-out of P174~P175.. I am now looking for MER to touch P190 this coming week or so, and this in turn can again provide cushion to our PSEi.  Read more... (520 words, 8 images, estimated 2:05 mins reading time)

The recent back and forth action in and out of the PSEi 3,000 level has been making me a dizzy dino.  It is like those Ping-Pong matches you see on TV where the ball is so small, it makes your eyes wince in pain.

Now back to the 3,000 level with a vengeance, our dear PSEi was actually UP 50pts for the day. Big contributor MERALCO added P7.00 now at P177.00 and now has broken above previous highs of P175. We could actually see MER at the P190′s level again hopefully on this run. ALI, AC, and TEL are other strong proponents for the 50pt hike.

As we near my personal targets of 3,050~3,060, I am more inclined to be more vigilant than ever on our trades.  Read more... (391 words, 8 images, estimated 1:34 mins reading time)

Asian markets were mostly up yesterday before DOW’s 100pt descent last night. Now all these Asian bourses have to give back their gains. Our PSEi was not spared, and we were down by 32 and now below again the 3,000 level.

Chop chop action in my opinion shall persist, and I do have 2,900 again as targets still for our PSEi in the short term, but noticeably so, the big bad DOW has been stretching its legs comfortably above the 10,000 level, and this IMO will also continue to hold fort for bourses all throughout.

The good thing about our market though is there are and always will be plays.  Read more... (335 words, 8 images, estimated 1:20 mins reading time)

Today’s muted down day (3pts down) was mostly helped by some decent interest on TEL, MER, and BPI. The 3 garnered over 10 gained PSEi points. BPI is touching resistances near these levels. TEL(P2,600) still has some muscle IMO to head to 2,700, but the more interesting stock could be MER (P166), which now has continually shown us higher lows, a nice break of P175 could send this to P190′s level.

Top gainer with volume today is DMC at P10.50 close, but too overbought in the short term, though not ruling a break of these P10.50 resistances. A convincing break indeed could send this to P12.00, but I do favor some more consolidation before it does so.  Read more... (210 words, 8 images, estimated 50 secs reading time)