Trader's Logbook

US stocks to open Wed after 2 being closed for 2 days due to Superstorm Sandy. BPI, COAL, EG, FMIC, HLCM, LR, MER, VUL, National Bookstore, NBS, APO, OV, RCB, SMB, TA, JGS, PX, TOL, Banking. International US markets to open Wednesday after being closed for 2 days to deal with the devastating impact of [...]

9:30 COAL is up! 9:41 BLOOM! 9:59 A bit of a boring day…. 12:00 One of my posts with just a few lines. Lunch break! 1:30 Market resumes 1:44 LIHC going back to its previous price but BID side is heavy. It might not fall too low. 2:19 COAL is silent today 2:58 BLOOM going [...]

Yesterday we saw a breakout from Ascending Triangle on EW. Today, the price actions suggests it is testing its new support (previous resistance). Will there be more tests to come or the plane will fly next week with or without you? An Ascending Triangle is generally considered to be a continuation pattern, meaning that it [...]

The Rising wedge on BEL tells us to be careful. Although the price today went up by 1.7% and shy away from the support, the warning is still there. Does the upward move today should have been the best exit for ipits or there will still be some chances along the way? The Rising Wedge [...]

We didn’t get the formation we wanted for LIHC which is the medium reliability ladder bottom but we get relatively equal in terms of reliability. We got the Bullish Gravestone Doji. Gravestone Doji is a specific Doji with opening and closing prices equal to the low of the day. The Bullish Gravestone Doji Pattern is [...]

Looks like COAL is now aggressive and bulls want to dominate the battlefield. After COAL was in red territory the bulls push the price up and made it stay bullish until closing. Thus we see a candlestick with a long lower wick. It seems that the sellers have already gone? We may consider today’s candlestick [...]

BHI wasn’t able to sustain its rally yesterday. Although it went up but just for a couple of minutes then it went to the red territory until closing. It tried to break the 0.170 resistance and although it went to 0.172 around mid afternoon but failed to stay there. I think that was the last [...]

US stock trading closed due to Hurricane Sandy. ALI, AC, APM, TEL, MER, SMPH, Banking, Gaming, Credit Rating. International U.S. stock trading was canceled for a second day, joining bond markets as Hurricane Sandy bore down on New York and paralyzed American capital markets Local / News P28.5B Ayala redevelopment has taken shape with the [...]

BHI seems to be on red in the opening. Shake out or not? Padding at .1840? 9:30 Big volume in the opening 9:35 BHI now in red 9:37 Roller coaster ride 9:42 Bloody VITA 9:51 Thick bid side for BHI now 10:10 BHI still in red. Down by more than 10% Sell side is thin [...]

LIHC has been going down south for 4 days now. Daily chart looks awful as we see large red candlestick after another. But today we see a red candlestick with a long upper shadow. Although we are not yet on the brink of reversal but this shows us that bears are almost done. If tomorrow [...]

The descending triangle on BHI is no match on what bulls can do this time. Following the news about the issuance of shares representing second tranche of subscription by JP Guilds Inc. The rampage started when the trading halt was lifted at 10 am today. It gaps up and never look back. Looks like another [...]

The 3 day ascend momentum trading for VITA might be in an unstable ground. Price surge fast but there was a heavy selling pressure. Although it went up again but panic sellers seems to be everywhere. Today we notice that ANGPING and CITISECURITIES were not selling much. But for me this is still a speculative [...]

A roller coaster ride for VITA and unfortunately for those who chase the price, they might have been ipit for now as VITA stopped at lower than the intraday high. While VITA is struggling, its BHI’s time to shine. We thought this stock will not go up because of the Descending Triangle but it shoots [...]

A very exciting day for traders as they watch how VITA will perform today. Will it be a panic selling or buying? Looks like we only have the 1.41 as our support for VITA today. It has millions of volume on bid side but down the line its very thin. 9:30 Roller coaster ride. Going [...]

VITARICH CORPORATION (VITA) White Knight has not come to town yet. I would say that the rally last Friday was more than of a speculation. When no stocks was doing extra ordinary, VITA was being ‘played’. Most volume was traded at the top or 1.41. This level got the 8.46% of the total traded volume. [...]

The last two days of LC showed us a Harami formation. Will there be a technical rebound?(Bullish Harami on LC). But looking at the weekly chart, price still within the 50% and 38.2% Fibonacci Retracement level and looks like it will continue to go sideways. Another thing we notice on our weekly chart is the [...]

After blooming for few days/weeks, stock may start to wither, or will it?. The candlestick two weeks ago was a long legged Doji. We were waiting for confirmation of the bearish reversal but it didn’t happen. Instead it gives us another doji but this time its a short legged doji like a spinning top. Plus [...]

Last week we said that BEL may go sideways while waiting for some updates about the deal with Melco. We saw an Ascending Triangle pattern and price is moving within it. Now that the news have been out and going back to our weekly chart, it seems that a soft breakout from the resistance has [...]

MANILA – The Bangko Sentral ng Pilipinas expects inflation in October to have settled between 2.9-3.8 percent. BSP Governor Amando M. Tetangco Jr. said food prices would remain low, adding that the moderation reflects a downtrend on the back of sufficient supply of major food items. “These, together with the peso appreciation, could have offset [...]

We saw ALI rallied last month (advanced by 6.47%) but this month is different. It was doing more of a sideways. If you get the monthly performance you will see it declined by 1.47% from previous month. We also notice ALI forming a Descending Triangle. Will it go down soon? Unless the support is very [...]