Common Sense Trading - A Blue Jeans Approach to Philippine Stock Market Trading

The past few months have been great for the PSEi. From 1745, the index climbed all the way to 2626 in the last three months. That can make a lot of people excited. Not me though. The obvious conclusion is that gains like that are NOT sustainable. I don't have to whip out my calculator and formula book to figure that out. This index cannot keep this pace up. As we haven't seen much of a correction yet, I think its coming. Soon. Time to sell. Time to hold. Not a time to buy.

This is interesting. According to GMAnews.tv, the PSEi has done better than its neighbors. This really speaks well of our fundamentals. Click here for the full article.

Markets around the world have seen good gains over the past weeks specially in Asia. When the numbers are in the green, there is always a lot of excitement generated. So with everyone wondering if its time to buy, i can't help but wonder the same thing myself. I don't think its really the time to be buying quite yet. I would recommend that we still be cautious. I'll maintain my current strategy of small buys stretched over a long period. Too much excitement It's been a while since we've seen good numbers and I think this might cause the markets to get ahead of themselves. So far, the PSEi remains very responsive to the U.S. indeces so I remain attentive to what's happening over there. While the so called "green shoots" are emerging from the devastated American Economy, I don't think all the bumps are already behind. Credit Card fallout One thing I'm very concerned with is the Credit Card fallout that is hanging over the American Economy like th...

When the index finally woke up from its sideward slumber, did it indicate that it was ready to trend upwards? I'll leave that answer to the technical experts. See tsupitero.com. What tickles me now is that the good numbers of our index are inebriating the investing community. Will it trend up? I don't know, but they're saying there's good chance.

The index may as well be a straight line. The trend has been sideways for so long, it's getting boring. I guess we can just be glad we're not seeing the market values plunge like it is for most of the developed world.

"This will not be a good year but it will be more stable than 2008 and there will be occasional substantial bear rallies. Inflation is declining and another interest rate cut by the central bank is expected. " -Ron Nathan inquirer's "bearbull"

While U.S. market indeces took a few steps down, Japan's market dropped a whopping 4.8%. The PSEi inched down and settled a mere 1.79 points from yesterday's close after ever so briefly punching past the psychological 2000 level at around eleven this morning.  The dow was down 1.46%, the nasdaq by 2.09%, the s&p by 2.26%.