" we did stated from our recent market view analysis that the first two (2) weeks at the opening of the 3rd quarter of 2017, starting July would see more market activity that would result into record levels."
So far so good! Currently as of today's writing the PSEI YOY is up 1.02%; but needs to hurdle above 1.75% to get a serious validation from us. Because the more optimistic figures of course comes from the YTD figure which is now running near the 16.97% return as against its current rate at 16.20% which happens to be just a stones throw away.
As of June 30th 2017 PSEI Market Pullback
Market Recall: The chart figure above describes a pull back recovery on the last 10 minutes of June 30th trading was indeed a crucial signal of a price recovery. And today's price action above the 7900 levels is a good confirmation from the low that signified a position for the PSEI which is now way above waters! It is important to know where prices came from that changed market sentiments for market strategist entry levels. As of today the PSEI is at 7938 corrective level for the day's trading session nearing its closing.
Although, the probability of it to surpass these current levels are now higher than previously called. Of course we are still on track on these levels. A gradual pace is favorable rather than a run up rally that would lose steam from profit-taking. But for those who have stayed with us at the start of the 1st quarter period on the EPHE ETF record levels would see an extension beyond previous high whenever the records above 8k could steam a euphoria market by then. On the other hand, the US EPHE Performance levels tracking the PH local bourse needs to do a lot more as its YOY and YTD percentage are compared for a better market analysis.
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