This blog is committed to the serious study and valid understanding of technical analysis and its objective application to stock selection, risk management and execution primarily in the context of trading stocks listed in the Philippine Stock Exchange (PSE).

Tuesday, January 29, 2008

PSEi, 1/29/08

PRICE AND VOLUME
Close: 3,224.24
Change: +20.68 (+0.6%)
Value turnover: 3,517,115,000

MARKET BREADTH
Net adv/decl issues: -9
Net up/down vol: -1,377,751,800
NFB: -236,888,405

The index closed flat with an upward bias but the market breadth indicators betrayed the underlying weakness of the advance. In other words, today's uptick had no legs. Net foreign selling has been going on uninterruptedly since 03Jan08. YTD it's in the high P11Bn level.

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