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, February 12, 2008

PSEi, 2/12/08



PRICE AND TURNOVER
Close: 3,200.90
Change: +21.42 (+0.67%)
Value: 2,034,928,000


MARKET BREADTH
Net adv/dec issues: -3
Net up/down volume: -3,834,120
Net foreign buying: -246,736,666

The market closes flat with an upward bias but the broad market indicators remain bearish. Turnover remains below average. Today's price action is an inside day and the short term downtrend continues with the index trying to find support while heading down to 3,000.

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