Monthly Archives: December 2020

On Balance: Daily Notes for December 29, 2020

OUR VIEW Accumulate shares cautiously amid the anticipated window dressing for the last trading day of the year. We recommend blue chips stocks, particularly our stocks in the Winvestore, and those companies with fascinating narratives to be awaited in 2021. … Continue reading

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On Balance: Weekly Notes for December 28, 2020

OUR VIEW FOR THE WEEK Trade cautiously as the local market is seen to end the trading year weighing next year’s recovery prospects against pandemic worries amid the new COVID-19 variant. Two days to go before the trading year ends, … Continue reading

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On Balance: Daily Notes for December 23, 2020

OUR VIEW Secure more gains for short-term traders amid selling pressure due to the long weekend ahead. There’s also a negative sentiment overseas from the new strain of Covid-19 in the UK. At home, traders may take profits in preparation … Continue reading

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On Balance: Daily Notes for December 22, 2020

OUR VIEW Trade between 7,000 and 7,200 as the market may continue to decline due to lack of strong catalyst for a breakout. There’s also a downward bias from overseas amid the news Covid-19 strain which is a fast-spreading variant … Continue reading

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On Balance: Weekly Notes for December 21, 2020

OUR VIEW FOR THE WEEK Book gains as we may see a pull back given that the market is still trading at overvalued levels. Offshore concerns may also weigh on sentiment. This week, we see a downward bias for the … Continue reading

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On Balance: Daily Notes for December 18, 2020

OUR VIEW Buy if the market could breach the 7,300 psychological resistance level, if not, book some gains as the market may decline to 7,000 support level. Particularly that today is the last trading day of the week so traders … Continue reading

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On Balance: Daily Notes for December 17, 2020

OUR VIEW Cautiously trade stocks as the market will try to breach psychological resistance of 7,300 after closing near this level yesterday. The reported progress on Brexit trade deal may lift sentiment, however, overvaluation of the PSEi in terms of … Continue reading

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On Balance: Daily Notes for December 16, 2020

OUR VIEW Trade stocks outside the PSEi as the concerns over the resurgence of the Covid-19 pandemic have increased despite the vaccine rollout in the US. It is true as well at home, worries are heightening due to the upcoming … Continue reading

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On Balance: Daily Notes for December 15, 2020

OUR VIEW Trade between 7,300 and 7,000. Better consumer and business outlook may still spillover in the sentiment with the development of Covid-19 vaccine, waiting for the negotiation of the government with different Covid-19 vaccine makers. Overseas, Asian markets traded … Continue reading

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On Balance: Weekly Notes for December 14, 2020

OUR VIEW FOR THE WEEK Trade cautiously as the local market is seen to test the validity of its current level. The local bourse’s rally last week has brought it above its 7,150 resistance line. At its current level, the … Continue reading

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