At the end of the day, the market does what the market does. As such, the “why” is of secondary importance. What’s more important is “what to do” and “how to react” during these turbulent times.
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?
Caveat emptor. Checkout PinoyInvestor if you feel like you need their stock market expertise.
PinoyInvestor basically consolidates and summarizes the analyses of its various broker partners, giving its members the advantage of insights and recommendations from multiple brokers without the customer having to pay the cost of the services of the individual brokers and fund managers.
I commend them for the courage to take a step further in their personal finance lives, and their humility to admit to themselves and to the group that they know nothing (yet, like Jon Snow) and the openness to suggestions and tips on where to begin.
Might be a bit boring this year, but for one who has limited funds coming from various months of the year (ahem), that might even be good news.
Current times may not be the best time to trade actively and most would rather watch on the sides as the market tries to figure out where it’s headed. Can’t help but reiterate though that this is the best time to learn. Learn on your own and learn from the experts.
If we can derive some positive consequence in this market’s current events, I would say that this is the best time to learn. Best time to learn, on our own, observe the market, and likewise to learn from the experts. Best time to study and weigh their analysis, whether it’s aligned or not with our trading and investment objectives.
If you are looking for a purely stocks tips and readings, multiple broker research and services, plus technical analysis (!), then consider PinoyInvestor.