• PSEi Likely To Fall To 5,800

    PSEi Likely To Fall To 5,800

    The Philippine Stock Exchange Index (PSEi) may soon head to its downside target of 5,800 given its breakdown from a head and shoulders pattern (kilroy) last week. An oversold reading in its RSI, however, may lead to a short rally soon although such reading may not be as effective on an intermediate downtrend. In any

  • MSCI November Rebalancing To Give A One Day Lift On JGS, Etc.?

    MSCI November Rebalancing To Give A One Day Lift On JGS, Etc.?

    Two weeks ago, it was announced that JG Summit Holdings, Inc. will be added in the MSCI Global Standard Index. ABS-CBN Holdings PDR (ABSP), Asia United Bank (AUB), Cosco Capital (COSCO), and Melco Crown (MCP) will likewise be included in the MSCI Global Small Cap Index. Meanwhile, Global Estates Resorts, Inc. (GERI) and Lepanto Consolidated

  • Range Or Breakout Play On The Cable

    Range Or Breakout Play On The Cable

    The GBPUSD pair or the Cable as what people call it in the streets has risen towards the upper part of its trading range. As you can see from its daily chart, the pair is just a step or two from reaching its resistance at 1.6250. If selling persists at this level as it did

  • Head And Shoulders Breakdown On The AUDUSD?

    Head And Shoulders Breakdown On The AUDUSD?

    The AUDUSD pair looks to have been in the process of breaking down from a head and shoulders (kilroy) pattern as seen in its daily chart. Notice that the pair neckline lines up pretty well with its previous resistance at 0.9300. Hence, if the pair manages to close below the said level, then it may

  • Extension Of Pre-Close In PSE Effective On November 4, 2013

    Extension Of Pre-Close In PSE Effective On November 4, 2013

    The auction or the pre-close period in the Philippine Stock Exchange will be extended from 3 minutes to 5 minutes effective on November 4, 2013. This will give the trading participants more time to enter and execute their market on close (MOC) orders which then determines the day’s closing price. Come November 4, the afternoon