PSM Update 06.27.13

June 27, 2013

Trend:  Consolidation
Phase:  Recovery
Mode:  Semiannual Window Dressing

Good Morning

PSEi started its recovery yesterday and is seen to continue today and tomorrow

with 3 factors:
1. Semi annual window dressing
2. Exit of quantitative easing issue GDP of US is lower than expected which post issues on US Economy not as strong as the previous announcement

Although nagannouce na si Chairman bernake na irereduce na ang QE in the…
next few months… around october ata… at mid next year baka tanggalin na ang QE…

dahil sa naging results ng report yung free money policies might last longer than it would seem depende padin yun ha

pero as of now enjoy the green… thanks to the semiannual window dressing XD Hope yiu collected enough last week XD Pero mas masaya kayo kung last tuesday kayo naka ipon hahahaha

Anyhow hindi naman kasi natin alam kung hanggang saan pababa eh XD

Just remember… nasa technical rally pa rin ito…

Both semiannual window dressing effect and technical rebound by stocks being too much oversold XD

Too much na oversold pa

Anyhow bukas ang last day of trading for June

Might as well reconsider selling some stocks. Selling during rallies and wait muna for another base sa support

Or mag revaluate ng portfolio some stocks now offer better returns than others

Ayun lang muna may bukas pa XD

Erwin San Luis

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PSM Update 06.26.13

June 26, 2013

Trend: Bear Teritory
Phase: Spark of recovery
Mode: Semi Annual Window Dressing

Quantitative easing reduction plans

Good Morning the Quantitative easing in us continues to bring the emerging markets on the red with now ph entering the bear teritory

This might continue until around Sep – Oct

However semiannual window dressing might give way for technical rallies to come out

At around 5,600 – 5,800  psei would be in a good buy however… hindi pa rin sure yun… and that siyempre may chance pa to further go down

Forecast are still intact psei 7,200 is still the valuation of most brokers and fund managers

Why so down ang psei despite sa valuations?

Foreigh funds are being withdrawed from emerging markets and is unfused in US

It is also expected that US dollar will continue to rise as the exit of quantitative easing would result to less supply of the usd in the future

Erwin San Luis

PSM Update 06.21.13

June 21 ,2013

Trend: Corrective waves
Phase: more correction

Good morning

More selling pressure will be seen today
That might send the market south
Back to its last strong support

Hope the support will be strenghten this time as it would become a strong buy signal afterwards

Next week is the semi annual window dressing so theres a high likely chance to make things happen

XD ipon ipon din sa ilalim pag may time

PSM Update 06.19.13

June 19, 2013

Trend: consolidation
Phase: technical recovery

Good morning

The previous test of support was successful leading to a technical recovery

Yesterday and might continue today
As foreign market is looking green

However
After the test of support
Psei is now set for its initial resistance after the drop

So will the resistance break?

Or will it send it back to its support level which myt strenghtn the base for support

An in return allows us to reenter the market in with the odds on the side of buyers

Also please be reminded that next week is not just end of the month window dressing but the semi annual window dressing

Ambilis ng panahon hahahahh

Btw usually mas malaki ang effect ng semiannual window dressing kaysa sa quarterly window dressing

So isip isip din pag may time…

If you have to sell some positions… do so… but not because someone told you so…

It should be in accordance to your previous plan
Before something happened that affected your emotion

This allows you to think more clearly and out of greed and fear… which usually changes the odds of winning

Anyhow
Remember that it is either you gain money or experience

You can keep the experience and earn more money

So keep it up
Dont give up
Wazzap wazzup

 

Erwin San Luis

PSM Update 06.17.13

June 17, 2013

Trend: consolidation
Phase: market support test

Recomendation: short sell high (during rallies) buy on dips

Good morning

We may see another test of support today and if broken, we might even see further downward momentum this week

There are no big news to expect for the season, as the next investment upgrade seemed to be underhold

However
According to most analysis
Ph is seen to withstand the market volatility even as the sell offs is likely to continue

Well
As for now down trend muna

 

Erwin San Luis

PSM Update 06.10.13

June 10, 2013

Trend: consolidation
Phase: recovery

Good morning
Markets bottomed up after reaching the 6500 mark

Most market have recovered
From the massive sell offs few weeks ago

This may seemed good however a sideway trend is still expected

As rally ito to correct the very fast down trend weeks ago

Its like big down
Rally then down
Then rally again

The good thing about this is dat more volatility is more opportunity

And since our economic trend is upwards…

Normally pag long term ang views mo ay panalo ka talaga

Pero mas panalo ang nagtatake ng volatility as their opportunity

At any rate
Have a great green for now pag bumaba ulet

Ipon ipon lang kase
Semi annual window dressing po ang last 3 trading days ng june XD

Have a nice trading week ahead

Erwin San Luis

PSM Update 06.05.13

June 5, 2013

Trend: consolidation
Phase: downtrend

Good morning

Psei is now back to 6500 lvl from 7500 a just a few weeks ago due to being
Dragged down by US economy which is as of writing is still down

At any rate the market is in a postion of recovery or further correction
Avoid selling at this point as it may result to being whipsawed

Staggared buying is recomended as a down trend may or may not continue

Either way a lot are selling at discount

Erwin San Luis