• 2014 Outlook On The PSEi

    2014 Outlook On The PSEi

    The Philippine Stock Exchange Index or the PSEi suffered a major blow last year after marking a record high of just 7,400. As you can see, the index effectively erased majority of its gains to end 2013 with only a marginal gain of 1.3% after initially rising by 28%. Despite last year’s roller coaster ride

  • 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

  • Jump in PSEi Weight Caused SMPH to Surge

    Jump in PSEi Weight Caused SMPH to Surge

    Shares of SM Prime Holdings, Inc. (SMPH) spiked by 15.86% to close at Php19.58 from Php16.90 as its weight on the Philippine Stock Exchange Index or the PSEi was revised upwards to 5.3% from 3.2%. SMPH’s announcement regarding the decrease in its public float to 26.50% from 30.49% and the increase in its authorized capital

  • Overnight Market Snapshot – September 19, 2013

    Overnight Market Snapshot – September 19, 2013

    BREAKING. The US equities markets (DJIA + 0.95%, S&P 500 +1.22%, Nasdaq +1.01%) along with emerging market shares like the iShares MSCI Philippines Index ETF (EPHE +7.20%) and Philippine Long Distance Company ADRs (PHI +3.74%) jumped as the US Fed surprises with no taper. Risk-on attitude will likely spill over in today’s trading in the

  • Overnight Market Snapshot – September 10, 2013

    Overnight Market Snapshot – September 10, 2013

    The US equity markets (DJIA +0.94%, S&P 500 +1.00%, Nasdaq +1.26%) including emerging market shares like the iShares MSCI Philippine Index ETF (EPHE +3.19%) and Philippine Long Distance Telephone Company ADRs (PHI +2.00%) rose sharply last night on easing concerns of a US military strike in Syria and on a better-than-expected exports data of China

  • Ron Acoba Featured In The Technically Speaking Magazine

    Ron Acoba Featured In The Technically Speaking Magazine

    Ron Acoba, Chief Investment Strategist for Trading Edge Consultancy, is featured in the September 2013 edition of the Market Technicians Association (MTA) Magazine for his assessments on the Philippine Stock Exchange Index (PSEi) and the USDPHP. The analysis covered an overview of the market action in the Philippines after the PSEi fell as low as 5,562

  • Overnight Market Snapshot – August 30, 2013

    Overnight Market Snapshot – August 30, 2013

    Philippine-related shares like the iShares MSCI Philippines Index ETF or EPHE (+ 3.88%) and the Philippine Long Distance Company ADRs or PHI (+ 3.10%) surged during last night’s session in the US. The US equity markets (DJIA +0.11%, S&P 500 +0.20%, Nasdaq +0.75%) rose yesterday on news the its GDP for the second quarter has