Monthly Archives: September 2020

On Balance: Daily Notes for September 17, 2020

OUR VIEW TRADE between the 5,800 and 6,000 levels. Net inflows of foreign direct investments (FDI) in June should spark optimism in the market but his data was ignored in yesterday’s session. On a positive note, it may still spillover … Continue reading

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On Balance: Daily Notes for September 16, 2020

OUR VIEW BUY after the market breaches its immediate and psychological resistance of 6,000 level. Local positive catalyst is the growth of remittances for second consecutive month, up by 7.6% in July. Year-to-date total remittances, meanwhile, contracted by 2.4%, better … Continue reading

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On Balance: Daily Notes for September 15, 2020

OUR VIEW TRADE until the market hit the 6,100 resistance level. Investors are still waiting for the strong positive catalyst to break the immediate resistance. Developments over the Covid-19 vaccine are closely watched by the investors which boosted sentiment amid … Continue reading

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On Balance: Weekly Notes for September 14, 2020

OUR VIEW FOR THE WEEK Trade cautiously as the local bourse is seen to continue trading within the 5,700 – 6,100 range while dealing with lingering uncertainties. The newly signed economic stimulus package, the Bayanihan to Recover as One Act, … Continue reading

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On Balance: Daily Notes for September 11, 2020

OUR VIEW Trade cautiously amid lack of strong leads in the market, we have to take note as well that Friday is a profit-taking day for most traders to avoid the uncertainties over the weekend. The improvement in the balance … Continue reading

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On Balance: Daily Notes for September 10, 2020

OUR VIEW Trade between 5,700 support and 6,100 resistance level. For long term investors, the market’s decline would be an opportunity to accumulate at a lower price. On the economic data front, the balance of trade is expected to release … Continue reading

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On Balance: Daily Notes for September 09, 2020

OUR VIEW Accumulate on dips after the two-day weak rally of the market, which may push investors to book some gains pulling the bourse below the 6,000 level. On a positive note, investors are now looking towards economic recovery, after … Continue reading

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On Balance: Daily Notes for September 08, 2020

OUR VIEW Trade cautiously after the market surged yesterday which may trigger profit-taking, particularly with the heavyweights like SM and SMPH. Despite the rally, net foreign selling continued for fourteen straight days that could weigh on the market. Resistance remains … Continue reading

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On Balance: Trading Guide for September 07 to September 18, 2020

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: EAGLE, FNI, SSI For the full research,  kindly go here: PTG – September … Continue reading

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On Balance: Daily Notes for September 4, 2020

OUR VIEW Accumulate on dips after the unemployment rate eased in July 2020, giving more hopes for the economic recovery. But as we end the trading week, be cautious as some investors may book profits to secure gains and to … Continue reading

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