The PSEI has recovered from two recent lows at 7685 and 7724 while it made a two recent high at 7860 and 7840 from their daily trading sessions. Staying above the 7800 and slowly narrowing the trading range shows a steady price levels as market participants await the results of the GDP figures by Thursday. As this may bring about fresh incentives for the market to increase market volatility by the end of the trading week. Something's got to give in!
Let us see how the PSEI can isolate itself from the ill effects of a political battle front that Pres. Donald Trump is facing and how the US markets react on these issues. As of this writing, the #DOW, #SP500 & #NASDAQ are down and may create a ripple effect towards the subsequent markets in Asia and Europe. However, this will be defined tomorrow when the markets open but would not discount the probability that markets would have contrasting market swings.
But what is more important is at the end of the week's trading the true colors of what the market has already defined would be 'REFLECTED' thereafter. That is why it is important to be able to know how to HANDLE A MARKET SELLOFF or a MAJOR CORRECTION whenever it occurs.
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Indeed, a market Sell-Off occurred for all the above reasons that rippled through and across markets including a curtail of news from the Brazil that simply walked into the mix.
ReplyDeleteIt would be nice to say that the US market have finally blew its team on the political issues surrounding the US President. However, its been part and partial of the market conditions that such a distraction of this magnitude have been blown out of proportion so to speak. Nonetheless, it back to market tracking equities, currencies and commodities for now. Let's see how far these sentiment goes through towards the end of the months trading.
As of the PH market, a first glimpse have proven with the market obviously reacting to both issues but not has bad as most have expected. Its all about strategizing market price with a playbook that would can be tolerable to the extent of a decline.
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