#Volumes #Momentum #Fundamentals Carry the #PSEI into a Modest Rally

The PSEI have re-emerged its true colors after two consecutive corrections that led to the 7816 low levels as a test of its vulnerability when a market misdirection occurs. Besides, these corrective moves where done well within and between a closing of the month and week leading towards the start of June trading.

PSEI as of June 1, 2017

The transition period have left enough room for some of the stock picks held to stay resilient contrary to the move the PSEI was making before today's surge into the 7936 high and closing for the day at 7927. Which everyone has been calling a strong resistance levels before attempting to navigate towards the 8000-8170 levels.

Market & Price Update as of June 2, 2017 Asian Trading Session: #PSE Follows a Second Round Rally...Not Without a Bump!

While the PSE market started off with an IPO from #EAGLE_Cement by San Miguel Corporation (#SMC) and will end the week with another offering IPO on Friday by #CEBU_Land_Masters have contributed more to the upbeat market sentiments; propelled by the initial approval of the PH #TAX_Reform that provided a fresh incentive for the market's continuing rally for the day. These should be enough momentum to create another follow-through for as long as the volumes remain high and such momentum carries the market sentiments for next week's trading activity. Likewise let's see how the US JOBS figure from the Department of Labor data out on Friday's report reflects into the market by next week trading..

For those who have been 'Trend-following' our sequence of analysis on the PSEI, while taking advantage of trading with the IShares MSCI EPHE ETFs or even with the EEM Emerging markets index will surely have a ripple effect on prices that have long been defined since we've called it at the 31.00 - 33.00 levels dated 4.25.17

NOTE: It's always good to anticipate and be prepared way ahead for both sides of the market direction so that it would give you ample time to make necessary adjustments when needed.

ONLY THE BEST FOR YOUR TRADES!