Monthly Archives: July 2019

On Balance: Daily Notes for July 19, 2019

Posted on July 19, 2019 by research

OUR VIEW Lock in profits as we may track overseas equity markets amid trade uncertainties. Australia created 500 new jobs in June, far below 10,000 expectation from Reuters. Bank of Korea announced to cut base rate by 25 bps to … Continue reading →

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On Balance: Daily Notes for July 18, 2019

Posted on July 18, 2019 by research

OUR VIEW Pick up on dips after the two-day sell-off; tensions abroad may still drag the market but we may rebound on support around 8,200. Trump says the trade talks with China is a long way to go and may … Continue reading →

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On Balance: Daily Notes for July 17, 2019

Posted on July 17, 2019 by research

OUR VIEW Trade as we see the market to move sideways amid positive sentiments, but profit taking may continue to drag the market to 8,200. Cumulative sales for vehicle importers continued to be more optimistic as it sold a total … Continue reading →

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On Balance: Daily Notes for July 16, 2019

Posted on July 15, 2019 by research

OUR VIEW Continue to accumulate as we break the 8,300 level, but profit taking could be a downside risk. Governor Benjamin Diokno said that the expected rate cut of Fed would give more room for the BSP to ease monetary … Continue reading →

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On Balance: Trading Guide for July 15 to 28, 2019

Posted on July 15, 2019 by research

Philstocks Trading Guide We are glad to share this Philstocks Trading Guide to help you widen your trading opportunities and become a more effective stock market trader. Stocks on focus: FLI, PCOR, and SSI For the full research,  kindly go here: On Balance … Continue reading →

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On Balance: Weekly Notes for July 15, 2019

Posted on July 14, 2019 by research

Our View Trade within 8,000 to 8,200, as we think that investors would be in a wait-and-see mode that the index may settle in this range. Equity markets were only fueled by expectation of an accommodative policy; however, some economic … Continue reading →

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On Balance: Daily Notes for July 12, 2019

Posted on July 12, 2019 by research

OUR VIEW We favor trading as investors may continue to digest signals of US and PH Central banks to cut interest rates that may lift the market, but investors, at the same time, may fill the gap from yesterday’s session. … Continue reading →

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On Balance: Daily Notes for July 11, 2019

Posted on July 10, 2019 by research

OUR VIEW Cautiously accumulate shares as the market tests the 8,100 resistance level while in search of a catalyst. Fed Chair Jerome Powell’s speech takes center stage to give US monetary direction clues, could raise equity markets if it hints … Continue reading →

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On Balance: Daily Notes for July 10, 2019

Posted on July 10, 2019 by research

OUR VIEW Accumulation would best since the index is near on its support. We expect bargain hunting to prevail. Government spending on infrastructure slightly recovered in May. It jumped by 5.9% to P61.5 billion from P58.1 billion y/y. The government … Continue reading →

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On Balance: Daily Notes for July 9, 2019

Posted on July 9, 2019 by research

OUR VIEW Trade for now since the market may move sideways as there were no strong catalyst for a breakout. Gross borrowings of the government hit P126.08 billion in May, bulk of which came from foreign. HSBC: Gov’t may hit … Continue reading →

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