Monthly Archives: June 2022

On Balance: Daily Notes for June 17, 2022

Posted on June 17, 2022 by research

OUR VIEW Sell some shares. Since the Federal Reserve raises interest rates by 75 bps as anticipated by the investors, the market had some relief, however, it still fails to return above the 6,400 old support level so we expect … Continue reading →

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On Balance: Daily Notes for June 16, 2022

Posted on June 16, 2022 by research

OUR VIEW Trade cautiously. After the market falls below the 6,400 levels and makes a lower low, we expect a more bearish sentiment. If it fails to return above 6,400, the market’s support will be at a range of 6,100—6,150.00. … Continue reading →

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On Balance: Daily Notes for June 15, 2022

Posted on June 15, 2022 by research

OUR VIEW Cautiously hunt for bargains. Although we are still expecting a bearish sentiment, we may see investors start buying on dips especially if the market manages to stay above the 6,400 support level. We recommend sticking to undervalued stocks … Continue reading →

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On Balance: Daily Notes for June 14, 2022

Posted on June 14, 2022 by research

OUR VIEW Trade cautiously. The local bourse failed to return above the 6,600 level, bringing the support level to 6,400. A downward bias in the market is anticipated as investors await the decision of the Federal Reserve on the interest … Continue reading →

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On Balance: Weekly Notes for June 13, 2022

Posted on June 13, 2022 by research

OUR VIEW The local market is seen to have a downward bias this week amid inflation and monetary policy concerns. By week’s start, investors are expected to digest the US’ May inflation print which accelerated further. Consequently, worries over the … Continue reading →

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On Balance: Daily Notes for June 10, 2022

Posted on June 10, 2022 by research

OUR VIEW Trade cautiously. Investors will be waiting for the unemployment rate and foreign direct investments data that will be released today. We are expecting good figures given the reopening of the economy. The demand has been gradually growing back. … Continue reading →

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On Balance: Daily Notes for June 09, 2022

Posted on June 9, 2022 by research

OUR VIEW Trade cautiously as the market nears the immediate resistance of 6,800 and the dynamic resistance of 50-day exponential moving average (EMA). Investors will be waiting for some economic data that will be released this week. We have the … Continue reading →

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On Balance: Daily Notes for June 08, 2022

Posted on June 8, 2022 by research

OUR VIEW Accumulate cautiously as the market may move sideways with an upward bias. After the inflation rate was printed within the target, the negative sentiment was somehow tempered. Right now, investors will be waiting for more economic data that … Continue reading →

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On Balance: Daily Notes for June 07, 2022

Posted on June 7, 2022 by research

OUR VIEW Trade cautiously. We expect the market to digest the inflation print that will be released today. The Bangko Sentral ng Pilipinas (BSP) forecasts it to range from 5.00% to 5.8%. We see a downward pressure if it comes … Continue reading →

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On Balance: Weekly Notes for June 06, 2022

Posted on June 6, 2022 by research

OUR VIEW This week, the local market is seen to have a downward bias given the rise in global oil prices and the further depreciation of the Philippine Peso, both of which pose inflationary risks to our economy. Add that … Continue reading →

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