The PSEI / Benchmark is well within a narrow price range after re-establishing its recent high at 8105 and a low at 7951 from the past couple of weeks. However, the market's price and relative trading behavior have been generally identified with a higher opening price while drifting lower at the end of the day's session carried over for the week.
Typical Stock Examples: BPI & GTCAP
PSEI As of August 25, 2017 Closing Price 8015
The Market's Behavioral TRADING PATTERN: PSEI Stocks Follow (For Now)
Validated As of Aug 29, 2017 Update: PSEI Opens at 8033 High & 7931 Low
Although, this has been a common pattern of trading market behavior from institutional & professional money managers. Thus, it adds up to the degree of difficulty reading & understanding the market play by some retail investors / traders while picking stocks that moves prices much lower contrary to the established trend direction that will be harder for investors / traders alike.
Likewise, serious traders would have to learn how to handle trades prior to the official opening and before the closing bell; where market intervention occurs. These are the times when prices do move in either direction based on the process done during that time interval especially whenever 'Block Trades' are marked. All the more reason why main- street investors / traders should be carefully keen to analyze the market aside from the traditional methods of trading analysis.
Likewise, serious traders would have to learn how to handle trades prior to the official opening and before the closing bell; where market intervention occurs. These are the times when prices do move in either direction based on the process done during that time interval especially whenever 'Block Trades' are marked. All the more reason why main- street investors / traders should be carefully keen to analyze the market aside from the traditional methods of trading analysis.
Selecting the right stocks to ride the next wave of price action and outmaneuver the market at its own game. Premium access
Nearing the end of the month and entering the new month of September may see some market volatility from well within
ReplyDeletean established trend that would sustain the 3rd quarter of 2017.
Note: Financials and Holding firms have been on a corrective move from its previous lead with a couple of exceptional stocks the likes of Security Bank (#SECB) along side Metro Bank (#MBT) and SM Investments (#SM) giving way for other sector index and their relative companies a price recovery for the week ending 8.25.17 just name a few, is something to think about!
ReplyDeleteThe PSE Tools is an excellent venue for investors / traders to monitor PH stocks whenever they decide to get into the action especially for Asian - PH investors based in the US and Europe. This way they can take advantage of tactical trading in the US and European markets which local PH investors may have difficulty to have access to.
ReplyDeleteThe opening session on the PSE simply reflects the irony of how we have described the market pattern and behavior of prices opening higher and currently moving lower to this writing. We'll see how it closes for the next few days to come and the end of the week / month.
ReplyDeleteFor now the range lower is at 89 points for the PSEI and institutions / professional money managers would be bargain hunting from those retail investors and traders selling at the lower price levels, only to resell them back to the market at the opening session the next trading day. A practice and strategy good while it last. That's the irony of the matter.
ReplyDeleteThe closing price on the PSEI has now VALIDATED the break towards the upside which well in line with the overall trend direction as of today the 15th of September 2017.
ReplyDeleteNOTE: It would make more sense to 'COMPARTMENTALIZE' DATA ON PRICE ACTION and have a better read & understanding of the real market sentiments and direction.
ReplyDeleteVALIDATED! PSEI SURGES TO RECORD HIGHS 8294
ReplyDeleteThe LMR of the PSEI last Friday' closing price at 8180 have given a serious boost for the market as the benchmark index surged towards 8294 levels signaling a decent follow through. A firm opening Monday and a stronger than expected second half session topping record highs not seen before.
Holdings and property sectors have had a good run that took trade positions into positive territory.
While services stalled on the move while bullish sentiments were the main drivers in the market. Taking its cue mostly from regional stocks and from the US / European markets to say the least
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