PSEi 4,291.40. +32.54 points. +0.76%.
JFC (-1.5%) is quickly looking like it is still sideways rather than trending up. RCB (+0%) was unchanged. SMPH (+5.74%) made a higher high and was third top traded. People should train their TA sights on SMPH and come to their own conclusions.
I’m wondering, how are blog readers trading this market right now? What are you buying, selling, holding or avoiding? Have these recent months been kind to your portfolio? Certainly, with the likes of LC, BHI, PWR and ZHI, a number of you must be doing very well this year! Leave a comment.
The PSEi is trading with low volatility these days. There are tons of sideways and downtrending local stocks right now. If cash and bonds are yielding close to nothing while stocks are yielding negative returns, where will the hot money go? Business, properties, commodities, or plain old consumption? There’s a lot of liquidity out there.
The PSEi made yesterday’s losses back and closed at resistance. Tomorrow will be interesting.