Trader's Logbook

After trading mostly in the red PSEi spiked up at the close at 5,196.19, +46.88 pts. or 0.91% at the end of August. AEV, EW, CMT, LRI, JTH, TDY, SHNG, SSS, GDP, new DOTC head. After trading mostly in the red PSEi spiked up at the close at 5,196.19, up 46.88 pts. or 0.91% at [...]

On the 6 month time frame, the price continued to go down and touched the support at 38.2% Fibonacci retracement level and on the 1 year time frame we could see it is approaching another major level. Since the time we saw the Bearish Engulfing Pattern last July 6 its general trend is downward. We [...]

The sell off yesterday wasn’t finished yet as evident by today’s trading when MEG went down further with big volume. We don’t need the triangle for now as it clearly tells us it broke from the support. Let us now see the Fibonacci Retracement level on a 1 year time frame. Based on that it [...]

BHI went up with a good volume while there were a lot of losers on TDY. MEG went down but other blues went up maybe for window dressing. ELI is up with a good volume too. Other blues in red are MBT, MER, AC and SECB. Check the top gainers and losers of today’s trading. [...]

Friday again! This week isn’t that gainful but nonetheless we have a good trading experience we can add to our notes as we go on sharping our trading skills. Every day is an opportunity! TDY has its disclosure yesterday http://www.pse.com.ph/resource/disclosures/2012/pdf/dc2012-6382_TDY.pdf about the Unaudited Interim Combined Balance Sheet ( as of June 30, 2012 ). Is [...]

US Stocks down as positive economic data dashes new stimulus hopes. In Europe, investors are more confident of stimulus measures. AC, JFC, JGS, PAL, PERC, TA, PSE, MPI, TOL, SM, TDY, GDP. International   Dow Jones               13,000.7        -0.81% S&P 500                    1,399.48       -0.78% NASDAQ                    3,048.71      -1.05% PHI                             63.22          -0.30% EPHE                         28.68          -0.93% Oil [...]

I think we have a Pennant formation for TeDY bull. Pennant is short-term continuation pattern that mark a small consolidation before the previous move resumes. This pattern is usually preceded by a sharp advance with heavy volume, and mark a mid-point of the move. Volume should be heavy during the advance  that forms the flagpole. [...]

ANI (AGRINURTURE, INCORPORATED) has been quite for a while now. It was trading below the 61.8% Fibonacci Retracement level (the resistance) but today it broke that resistance and stayed away from it (this level becomes the support). Will it sustain being above the new support line? Lets see if this will also break the resistance [...]

Looks like MEG (MEGAWORLD CORPORATION) is on for something bad. Instead of continuing to go sideways before breaking the resistance, it broke the support with big volume. Will it still go back inside the triangle or we have to jump ship for now? I am bearish as of this time. Caveat!

The PGOLD storm name Aling Puring has just began so it is better to stay inside the house and wait for the sun to shine again. For now we have the Gravestone Doji confirmed. There might be some rally within the new trend that PGOLD will take but generally it will be a downward trend. [...]

Quite boring market with only a few gains and most are in red. PGOLD went down big time. VITA continue to go down which closed below the support line 0.60 ABS is up but not that convincing for me. I posted a bid for GREEN at 0.016 but it wasn’t hit although it closed at [...]

Are we going to have a generally good rally today? Will blues go up after we will get the figures for our GDP? 9:28 two minutes more! GDP figures may fuel the prices of blues today. Either up or down. LOL 9:30 VMC is up. Now has 2% gain 10:01 A big drop for PGOLD. [...]

US stocks up on better second reading of Q2 GDP, gains were slim as investors stay on sidelines/vacation. AC, ALI, EDC, JTH, TA, Banking, Gaming, China PMI, India GDP International Dow Jones               13,107.50      +0.03% S&P 500                    1,410.49      +0.08% NASDAQ                   3,081.18      +0.13% PHI                             63.41         +1.05% EPHE [...]

Candlestick-wise there is an engulfing pattern. Engulfing pattern can be used on both uptrend and downtrend reversals but the prior trend is not clear. If we base our analysis on a one year time frame Fibonacci Retracement level at 38.2% was visited during the intraday price movement although buyers were able to bring the price [...]

PSEi gained for a second day, closing at 5,195.72, up 20.10 pts. or 0.39%. JTH, GREEN, RCB, SECB, TA, OM, URC, VITA. GDP, PHL & China talks. PSEi gained for a second day, closing at 5,195.72, up 20.10 pts. or 0.39%. All sectors closed positve with the exception of Mining & Oil which declined 0.82%. [...]

Careful on TDY as it may touch the 23.6% Fibonacci retracement support level. Worst, it might break the support. While we are still in the dark about the price after the consolidation of LT’s companies, all play here are just speculations so better to watch the technical indicators of this stock. Caveat!

AGI may continue to go up north as we don’t see any indicator for this to reverse. It has just broken from the resistance yesterday and now is enjoying the vast space between the support and resistance. There might be some headwinds while it go up but uptrend is intact. It might test the major [...]

Looks like the engulfing pattern created last week has signaled PCOR (PETRON CORPORATION) holders to watch out for the fall. Today’s candlestick is not an indicator of reversal after last week so I think this will continue to dip or go sideways. If in case there is a rally, sell on strength. But it depends [...]

After reaching the 30.05 mark, PGOLD slip and settle for 29.35 forming a Gravestone Doji for today’s candlestick. A Gravestone Doji has a medium reliability of reversing a current trend. The market opens on the low of the day. Then prices start to rally. The rally cannot be sustained during the day and prices went [...]

PGOLD went up as high as 30.05 but holders was disappointed as it decline after it reach that peak. Closing at 29.35 it formed a Gravestone Doji that is a bearish indicator. BHI and PIP when up with good volume. VITA opened strong after lifting the 1 hour suspension but settled with 4% drop at [...]