Monthly Archives: February 2019

On Balance: Daily Notes for March 1, 2019

Market Outlook A lot of bargains are seen after two straight days of decline. However, the lack of fresh leads onshore, and the uncertainties offshore may keep the market tumultuous. Thus, cautious accumulation is advised. The local market has seemed … Continue reading

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On Balance: Daily Notes for February 26, 2019

Market Outlook We may see a short lived rally toward the end of February backed by Window dressing by fund managers which can give boost to the PH main index and earnings report which is substantial in keeping foreign funds … Continue reading

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On Balance: Daily Notes for February 22, 2019

Market Outlook We might see some sell-off positions as PH will go on a long-weekend in lieu of a declared holiday, weakness on breaking the 8200 level might raise concern on the rally of PH shares since the start of … Continue reading

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On Balance: Daily Notes for February 21, 2019

Market Outlook Weakness on ADL and OBV may cause a sudden stance of the market when it comes to the PH main index rally. Double top pattern may indicate that the rally may have steam shorthanded. Nonetheless, we stick to … Continue reading

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On Balance: Daily Notes for February 20, 2019

Market Outlook Corporate earnings will be the focus, particularly for index heavyweights such as SMPH, ALI , JFC which averaged 15% bottomline growth. Based on the outlook on inflation and the peso, we think that the index will be able … Continue reading

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On Balance: Daily Notes for February 19, 2019

Market Outlook Despite PSEi showing weakness in breaking the crucial 8200 resistance level, fundamentals of the economy are still intact as evident by staying in the 7900-8000 level of the index for the past 6 trading sessions. We are still … Continue reading

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On Balance: Daily Notes for February 18, 2019

Market Outlook Friday’s drop gives us the chance to take positions again. Still, with the pessimistic narratives in the global front, and the lack of strong catalyst in the local front, investors are advised to exercise great caution in picking … Continue reading

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On Balance: Daily Notes for February 15, 2019

Market Outlook We may see a muted yet volatile trading for Friday as investors continue to look for compelling factors to trade. Thus, we advise sticking with cautious accumulation. Negotiations between the US and China are improving with positive remarks … Continue reading

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On Balance: Daily Notes for February 14, 2019

Market Outlook The huge drop below 7,900 opens door to bargain hunting opportunities. Nonetheless, trading could still be lethargic with a chance of declining further as strong catalysts are yet to be seen. Thus, cautious accumulation is advised. The local … Continue reading

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On Balance: Daily Notes for February 13, 2019

Market Outlook We see buying opportunities following the markets drop towards its 8,000 support. Still, investors are advised to stay cautious as the market continues to search for clues, better yet, catalysts which could help the market continue its rally. … Continue reading

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