Philippine Stock Market: 07.22.2014 Performance Review

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Stock Analysis - JayceeDeGuzman.com

PSEi closed the market on July 22, 2014 at the 6,869.94 index, which is 4.94 points or 0.07% lower than yesterday’s trading. The Financials, Industrial and Service indices advanced, while the Holding Firms, Property and Mining and Oil indices declined. The Down Volume is 38.92% higher than the Up Volume.

PSEi: 07.22.2014 Performance Review

PSEi Stats

Bearish/Bullish/Sideways: Bearish
RSI: 52.41 – still considered inexpensive
P/E: 19.10 – still considered inexpensive
Volume: Today’s volume is higher than yesterday’s, but the market was led by profit-takers.

Support: 6,826
Resistance: 6,900

Observations

PSEi is bouncing between the borders of 6,800 and 6,900. It looks like foreign investors are trading cautiously so they can enter the right position as soon as the US’ inflation rate report is set to be announced today, July 22, 2014 at 8:30AM EST. That’ll be 8:30PM in the Philippines.

Action Plans You May Consider

Get a good feel of the press releases that will be published by 8:30AM EST so you can catch the “aura” or “emotion” of people about the US’ June 2014 inflation rate report. That will help you get an anticipation of what “may” be happening tomorrow. If most of the comments on those reports are “sour” in nature, you really have to be vigilant to the first few minutes of trading tomorrow.

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Jaycee De Guzman

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