Monthly Archives: June 2020

OUR VIEW Trade cautiously as investors watch developments on global monetary policy. Most equity markets surged due to optimism over central banks’ action to support the economy against the COVID-19 pandemic impact. Central banks remained dovish amid the coronavirus pandemic. … Continue reading →

OUR VIEW Extend profit taking as negative sentiment abroad could spillover in the local bourse. US and EU futures were trading lower as worries over resurgence of Covid-19 cases mounted. Investors fear that it may end up in another round … Continue reading →

OUR VIEW FOR THE WEEK Book profits as resurfacing COVID-19 worries are seen to give the local market a downward bias. Optimistic with the economic recovery hopes in the past trading weeks, the local market has shrugged off a crucial … Continue reading →

OUR VIEW Trade cautiously as the bourse may follow another profit taking session of the US markets ahead of the long weekend in the Philippines. The Fed left interest rates unchanged, and is not expected to raise until 2022. US … Continue reading →

OUR VIEW Trade within 6,000 to 6,700 levels. 20-day EMA already crossed above the 50-day EMA, and the market is currently trading above those indicators. Volume is also increasing, with on-balance volume (OBV) indicating an accumulation bias. On the other … Continue reading →

OUR VIEW FOR THE WEEK Trade cautiously as the market aims for the 6,600 resistance amid challenges to economic recovery and lingering risks abroad. In just a week, the local market has surged by about 11% with hopes pinned on … Continue reading →

OUR VIEW Book some gains after 7 consecutive days of rally, amid dismal expectation of unemployment data to release today. But as investors participation is increasing, along with the return of net foreign buying, these could temper the sentiment. Philstocks … Continue reading →