7585 Marks the SPOT - PSEI Follows Through with a Bull Run

A 2nd Day in a row, PSEI staged a stronger follow-through as PRICE ACTION accompanied by volumes & momentum increase with Philippine Stock Index marks 7585 session high. A triple digit average is expected to be traded for the first week of the 2nd quarter trading. Majority of the sectors are on the green! This would allow the EPHE - US equivalent to trade higher which extends the 'Risk Adjusted Returns' for those investors who had a spread bet in favor of the PSEI from the consolidation period, where positioning is best placed forward before this rally. Although, profit taking would not be discounted as price pullbacks among listed companies by main-street investors can occur and will happen before the end session.

PSEI as of 4.05.17

Relative Sequence of Analysis before the Rally:

Applying A Comparative Price Analysis: PSEI Vs. EPHE 

The Importance of Knowing Where Prices Started

The previous decline of the PSEI at the 7120, 7146 ,7150 levels three times in a row have proven to be resilient. Where the PSEI equivalent ETF traded under the IShares MSCI Philippine - EPHE, as shown on the chart below is in a rising near term trend compared with the initial signal last March 07, 2017. In turn signaled by a technical bullish price reversal of a spinning top near the 33.00 support level that triggered a price recovery

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