1.10.12 Good News.Bad News

Good News

  • PSEi is top 3 in YTD gain on indexes world wide.
  • PSEi is the only Asian bourse that belongs in top 6 outperforming indexes
  • PSEi made a record high close today

As of posting, Dow, Nasdaq, S&P, Gold and Oil are on green zone while major European markets closed strongly with at least 1.5% gain. If there is a sentiment play on PSEi tomorrow, then we can borrow the DOTs latest slogan, It’s more fun in Philippines…(stocks exchange).

 

Bad News:

 

We need a healthy correction.

 

TEL weekly chart – the heavy weight

 

To all index-stock traders, just be quick to pull the trigger whenever the PSEi reverses. Otherwise, just enjoy the ride😉

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