Tag Archives: Euro

13 October 2011

Happy Birthday Abi’s Trading Blog! 🙂 PSEi 4,134.48. +14.77 points. +0.36%. Support: 3,890.52. Resistance: 4,204.29. In hindsight, Sept.26 to Oct.5 looks like a double or triple bottom. Amazingly resilient. I’m taking a closer look at individual charts in case I’m … Continue reading

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11 October 2011 – Overnight Rally

Dow Jones gained 330.06 points, up nearly 3% from its previous close. The main source of optimism was the statement by German Chancellor Angela Merkel and French President Nicolas Sarkozy, they would agree on a solution to the Eurozone debt … Continue reading

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10 October 2011

PSEi 4,040.58. +31.32 points. +0.78%. Asian stocks closed mixed. Many have been anticipating and calling last Friday’s 4,009.26 a “bull trap”. But today’s higher close suggests otherwise. Value turnover was below average at 3.4-billion Pesos only, despite longer trading hours. … Continue reading

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3 October 2011

PSEi 3,865.83. -133.82 points. -3.35%. Support: 3,721.22 (Sept.26 close). Resistance: 3,999.65 (Sept.30 close). More Greek austerity measures were passed. Will it be enough? As I write this, European equity indices are down across the board, indicating a lack of confidence going into … Continue reading

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30 September 2011

PSEi 3,999.65. +122.02. +3.15%. Gap up. Gap down. Gap up. We find ourselves in the middle of the dark candle of September 23, 2011. That day, the PSEi dropped 210.14 points, from 4,096.10 to 3,885.96 on huge volume of 8.2-billion … Continue reading

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23 September 2011 – Everything down except USD

The financial world just went long US Dollar, short everything else. European stocks were hammered across the board. BE 500 -4.64%, STOXX -4.9%, FTSE 100 -4.67%, CAC40 -5.25%, DAX -4.96%. The wave of negative sentiment washed out stock markets in the … Continue reading

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21 September 2011

PSEi 4,204.29. -15.53 points. -0.37%. Downtrend continues. ICTV (-10.53%) play surely must be over. Someone with a morbid sense of humor sold down EURO (-41.18%). Very funny. SMPH (-0.49%), higher high-lower low. Trend-follower unfriendly. Unlike. I admire the brave jockeys … Continue reading

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