TECHNICAL ANALYSIS
Primary consolidation * Intermediate downtrend * Short term downtrend * Resistance 3050 * Double top on the weekly chart|Potential drop to 1,800 * Measured move on the daily chart|Potential drop to 2,500
The local index distances itself from the Dow's triple digit advance. It drops 1.0% for the day and 2% for the week. YTD, the index has given up 25%. The charts and indicators offer no hints of any impending trend change. Net foreign selling continues to hit new YTD highs. Expect the PSEi to continue its steady and orderly decline in the near term.
PRICE AND TURNOVER
Close: EOD 2,722.95 * EOPW 2,777.93 * EOPM 2,749.77 * EOPY 3,612.98
Change: TODAY -26.82 * WTD -54.98 * MTD -26.82 * YTD -890.03
Change: TODAY -0.98% * WTD -1.89% * MTD -0.90% * YTD -24.63%
Value: 2,235,409,000
MARKET BREADTH
Net Adv Issues: -11
Net Up Volume: -120,868,980
Net Foreign Buying: TODAY -157,825,215 * WTD -32,064,213 * MTD -157,825,215 * YTD -20,203,873,107
Primary consolidation * Intermediate downtrend * Short term downtrend * Resistance 3050 * Double top on the weekly chart|Potential drop to 1,800 * Measured move on the daily chart|Potential drop to 2,500
The local index distances itself from the Dow's triple digit advance. It drops 1.0% for the day and 2% for the week. YTD, the index has given up 25%. The charts and indicators offer no hints of any impending trend change. Net foreign selling continues to hit new YTD highs. Expect the PSEi to continue its steady and orderly decline in the near term.
PRICE AND TURNOVER
Close: EOD 2,722.95 * EOPW 2,777.93 * EOPM 2,749.77 * EOPY 3,612.98
Change: TODAY -26.82 * WTD -54.98 * MTD -26.82 * YTD -890.03
Change: TODAY -0.98% * WTD -1.89% * MTD -0.90% * YTD -24.63%
Value: 2,235,409,000
MARKET BREADTH
Net Adv Issues: -11
Net Up Volume: -120,868,980
Net Foreign Buying: TODAY -157,825,215 * WTD -32,064,213 * MTD -157,825,215 * YTD -20,203,873,107
No comments:
Post a Comment