SPECIAL REPORT: DECLASSIFIED
Its been slightly over a month from our previous information shared about the Philippine Stock market. So here goes!
Although, the PSEI's gradual increase to its current new record at 9078 while closing at 9058, have made it clear that a protectionist market among professional money managers and institutional participants are taking the lead action at the PSEI direction. While some analyst have been calling to cash-in; as a market correction of at least 5 - 10% have been widely expected while maintaining the hype of an additional 10-15% growth for 2018.
So we wonder where do they really stand?
PSEI at the close as of 1.29.18
REALITY CHECK: Retail and main street investors still mending their trade positions from underlying stocks in the red that are not part of the main benchmark index that have been scrambling to ride a bullish market trend & a much hyped outlook. Even when the the main index increases the contrary is that majority of decliners outnumber advancers thus leaving a negative breath.
Latest Update as of 1.30.18
Confirms IMPLICIT Negative BREATH
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#investing #trading #strategies For the Right Reasons
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Finally the negative breath has taken shape with the PSEI declining in triple digits. With a session low at 8838 while closing at 8910 a net change of -148 equivalent to 1.64%. Led by Mining / Oil, Holdings and Industrial sectors followed by the rest of the indices across the board.
ReplyDeletePrice recovery and pullbacks were not as significant but it did help the index when it was down over 240 pts during the session. At the end of the day, quite a selected few picks on the conglomerates have survived the negative contagion of the markets where main street investors and traders have endured the worst drawback for a single day.
Its always good to be well informed and rebalance what needs to be done whenever such an 'implicit negative breath' emerges in the market. Timing such an event before it occurs is where one needs to enhance trading skills by reading price action and market behavior. Crowd following strategies are not as effective as others may define.