Validates Market & Price Call as of March 20, 2017
As of today's US session the NASDAQ registered a price high at 5983.43 short of the 6000 mark we have called last March 20, 2017. And the French elections were the main catalyst for the move as it provided a positive tone for a Pro - EU president as a result of the BREXIT vote in the UK.
Excerpt:"Although, we have seen some relative corrections with the DOW & SP500; the NASDAQ have remained resilient as it had been aiming an exceptional price mark at 6000 levels entering the 2nd quarter trading. (Click to view NASX Chart) That is also why we have called the NASDAQ to outperform the rest of the indices for the 1st quarter of 2017 (give & take few)."
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These market sentiments would spill-over to Asia as the major exchanges have spoken led by the Japan's Nikkei 225 as the extended tone of the US and European markets would create the positive effects of the new highs registered by NASDAQ.
ReplyDeleteLet's see how the PH market reacts to a triple digit move footprint with equities. Unless ASIA - PH traders would again open higher and drifts lower giving retail investors a misdirection as a similar action in the previous trading days of the market.
Well there is a confirmation ....NASDAQ is at 6011.49 +27.42 + 0.48% in the US session. #DOW trailing #NASDAQ nearing its all time high. There is room for further advances as momentum and volumes are poring into the market.
ReplyDelete#PSEI in Triple Digit Gains & Nasdaq breaks 6,000 for the first time Traders Celebrates. However, with both the NASDAQ & DOW making a follow-through price gains let's watch how the PH market reacts in the next trading day in Asia.
ReplyDelete