Trader's Logbook

Looks like a confirmation of a reversal for our index as more traders sell their position. Our index fall by 91.16 points or 1.33% to close at 6,748.43. CAL went up following a disclosure about the Exclusive Contract with Agroservicios Humboldt, S.A. ARA also went up by 10.93% On the other hand LC received another blow [...]

BLOOM went up during the morning session but started to get bearish early afternoon until bears totally control the battle ground. It declined by 2.67% Looking at the chart we have an Engulfing Pattern. After the bull mood last week, it ended up with a small green candlestick and today we have a large red [...]

Looks like ALI hit a thick wall and can’t go past it. The 33 level has been tried few times already but bulls failed to stay above it. Bears seem to be so strong at this point in time. Price action shows a bearish signal and if confirmed, price may go down and find support [...]

Our Philippine Stock Exchange Index looks tired after 5 days of going up. At the top of the trend we have a Shooting Star candlestick that suggests reversal. Although this has a low reliability, we should be careful. The chart also show that we have a resistance at this point and may scare away the [...]

The afternoon session wiped out all the gains there is in our index as it plunged by 7.88% or 0.12% to 6,839.59. Among the the gainers that turned red are SMDC and BDO while others like PNX, MED, DNL and SMPH retraces. LC dipped below 1.00 during the day but managed the close at 1.00. [...]

US markets at all-time highs due to resolution of Cyprus scare; ahead job reports. COAL, MPI, DMC, MER, MIH, BEL, SPH, infrastructure, TIMP. International The S&P 500 finished last week at a new high and the Dow Jones Industrial Average has been trading at record highs since early March amid favorable resolution to the Cyprus [...]

SMPH still looks attractive compared to its large cap rivals ALI and BEL. You may see my separate post here Review on my Property sector investment basket On technical side, looking at the daily chart we see a Falling Wedge. Although we see this formation most of the time during downtrend and regarded as reversal [...]

Checking on the banking sector after the end of the 1Q of 2013 shows that BDO is still a good choice based on my filter. See my post here Review on my Banking sector investment basket Technically BDO has a bullish bias since the time we saw the Piercing Line on BDO?. Looks like at [...]

AEV might have bottomed out when it touched the 23.6% Fibonacci retracement level but there is still a chance it will go sideways. The support zone can also be extended to 54.00 because we have seen some action on that level before. RSI still at a good level. Good to test buy if you are [...]

This is my first time to look into the holding companies and get some stock(s) to invest in, if there is. I will still be using the filter formula that I used to decide which stock to invest on Property, Bank and Electricity Sectors. As usual, I grouped the stocks under the Holding sector according [...]

SMPH still looks attractive after having a deep correction and going sideways. With the Investment Grade rating, we might see this stock goes back to its highs. Currently, its price is far from its 52-week high compared to ALI, its rival. But its BEL that is in a good position based on the % gap [...]

Last time I bought stock under the banking sector for my investment basket was last September 2012 and I chose BDO. Today lets take a look at this sector and see if we need to change our stocks. I am going to use the same filter I used before and based on my filter, BDO [...]

As we all know, FDC has moved up significantly starting end of January this year up to first half of February. An in a 1-year time frame, it is generally in an uptrend. On its recent price movement we can see a channel created by FDC on its daily chart. It looks like a flag [...]

After the last time we posted about FGEN (Close that gap FGEN), it finally closed the gap but at the same time it shows great indecision among the bears and the bulls. The Doji candlestick tells us that price went up and went down but settled near the opening price. Since the indecision appears after [...]

EDC have a gap to be filled soon but filling this gap is a big challenge as we see strong resistances before hitting 7.00 Current price is on the support line which is our 61.8% Fibonacci retracement level. This area of interest has some action before which tells us this might hold but at the [...]

The break from resistance got a great help from the window dressing and Investment Grade rating on the last day of Philippine trading. Now the price is above the upper slope of the channel and above the 23.6% Fibonacci Retracement level. Most often we see a test of newly found support after the breakout of [...]

We are now looking at a low reliability candlestick formation called Harami on AGI at this point. The Harami Pattern is a sign of disparity about the stocks condition. While we saw that it is characterized by downtrend and bears are all over it there was a continuation of the trend however on the last [...]

We have seen FGEN range trade this past few days. Currently our price is at the high point of the range. Last Thursday we don’t have much participation from the traders and the candlestick turned out a Doji. As we all know this candlestick shows indecision mood between bears and bulls but the next day’s [...]

The bulls that created the Piercing Line on BDO has not failed us yet as it close 4.02% last Friday. As we observed last week it touched and bounced at 38.2% Fibonacci Retracement level and is not approaching the 23.6% level. Are we going to see a continuation of its ascend even if we only [...]