Best Interest in #trading #investing in the PH Stock Market.
Although, the indirect correlation is established between the exchange rate of the US Dollar against the Philippine Peso would be affected; specific reasons for Nov 3rd dramatic Friday, selloff other than describing it as 'profit-taking' should be expanded rather than taking its face value alone. There are other relative & valid reasons why market prices do what they do in fundamentally driven markets. As retail traders and investors should be provided with 'Full Transparency' as a result of price action the best way it can be describe. And not just simply, what occurred in the market that is already a given in the local PSE official website.
Thus, which leads us to share these information as an educational and independent market view of the PH Stock market's behavior including the industry sectors within the PSE Index. Please note, that the different sector stocks drives the index barometer based from their respective weighted / percentage sector distribution that sums up the total percentage change of the PSEI and not the other way around.
However, the need for investors and traders to know that at times during market interventions; stock prices stall and changes thereafter in either directions. Leaving market participants at bay with a wait - see attitude where stock prices would end in their favor or not.
With 'Full Transparency' investors are made aware of what is really happening in the actual market from their most recent market updates that would lead to a more informed trading and investing decision especially for tactical traders investor and traders alike.
As investors and professional traders alike expects more from these financial institutions and reporting agencies to do more to serve the best interest of the investing public. And bring about positive changes that are equal to global standards in trading financial markets.
ReplyDeleteThus providing main street investors and new traders the ability to learn and make certain adjustments in their trade positions while avoiding unnecessary losses in volatile markets.
Besides this is where 'Short-selling' can make a difference in market strategy that others can apply in certain times such as what occurred last Nov 3rd. Let's see if and when talk issues coming from the PSE can do what they say they'd do for the best interest of Philippine investors and traders.
ReplyDeletePost PSEI's 8605 record level have given the market a much wider price range to work with a low at the current closing at 8433 as of Nov10, 2017. This provided the market another whipsaw on stocks underperforming the index to 'Diverge' from the current bullish sentiment as prices continued to pullback with the closing price of the PSEI.
ReplyDeleteMeanwhile the PSEI enjoys a 'window dressing' of stocks outperforming the index contradicting its pullback which reflected the weekly closing slightly above the previous week's prices.
New Retail trades are cautioned as this market behavior continues to do so even when the index moves higher during the am session. While it drifts lower at the late pm session. A typical behavior which can be easily identified with price action analysis.
True enough from our last comment post dated the 13th of Nov '17 the PSEI have again set the tone for another triple digit decline closing at 8273.44. And this came from an higher closing price from a LMR on Tuesday at 8379 from a daily low at 8280. But Wednesday's low marked at 8260 remained while closing for the day at 8273.44 as stated.
ReplyDeleteThe wider range have been the markets way of shaking out the rookies, (figure of speech) against tail-end FOMO trades made well within the 'Cluster'. As defined prices have met a level of RESISTANCE that has now been confirmed twice from three consecutive declines. Plus a backdrop of regional declines from Asia and the correction on US equities.
Again, these are two typical case examples we'd like to emphasize for local investor / traders to watch out for. Until such time the new guidelines on "Short-selling' be implemented by the exchange.
ReplyDelete