Index closed up by 130pts or 1.5%. Curiously, there was significant movement on close from index heavyweights ($SM, $AC, $ALI). Good bounce from the 9SMA, and today’s action seem to negate the long bearish candle last Friday, continuing the bounce since Oct27. 8600 resistance coming up.
FarmOn has reached its 16th cycle and many investors were able to achieve double digit ROI in less than a year. PSEi YTD ROI is at 19%. How about you, how are your investments? Is your money growing?
Missed the Trader’s Summit but serious on becoming a stocks trader or investor? Well here are my notes on the event. Sharing with you my key takeaways on the trading inspirations, some technical know-hows and trading psychology.
I believe this healthy faithful mindset about money and about riches is crucial if we are to pursue the road to financial freedom. Not just because we want to, not just because we have to, not just because we can, but because we are made to, we are meant to. Because our God wants us to.
PSE: FNI is now at 2.77 which is the 23.6% retracement from Nov2016 highs and 2.33 lows / support. Can the stock break the resistance this time with a slower pace (almost 1 month) compared to previous attempts which were faster and steeper? Or will it be another failed attempt? Other indicators such as stochastics, MACD and RSI are still supportive of a further run.
With momentum, PSE: SSP easily breached the 50% and 61.8% retracements. It closed last week at 2.95, slightly above the 78.6% retracement, which is also the area of resistance in early 2015. Volume has once again picked up similar to IPO levels. Will the momentum be sustained this week?
Look within you, ask yourself what you have to offer, find a way to monetize it, create a value proposition, offer it to the world.
We should not fall in love with any stock, and we should be able to sell the slow ones (with no attachments) as soon as we find better alternatives.
Learn all about EXCHANGE TRADED FUNDS ( ETFs) through our free webinar on December 09, Friday, 3:30-5:00PM (PHL time). Register here
For those who were not able to attend the webinar, you can still learn more about stock market investing and Truly Rich Club by clicking this link.