Trader's Logbook

Philippine Stock Exchange Index or PSEi closed in red by 4.49% or 0.06% dipping below 7,300 level at 7,275.38 Top gainers MARC, CDC and H2O led the green department. MARC which is a sleeping stock for many months awaken but is there something? CPG on the other hand retraces to 2.15 which is way below [...]

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 [...]

MARC has been slowly moving up the ladder and although we see a signal for possible reversal last January 3, it didn’t happen, instead continued to climb slowly. Today, another possible reversal brought by the Dragonfly Doji. Will it reverse this time? A Bearish Dragonfly Doji Pattern is a single candlestick pattern, which occurs at [...]

Lets get it on! 9:30 Looks like some JAP stocks are racing ANI opened with big red 9:40 TA is up and PHES as well 9:48 Only 7 trades for PHES 10:04 ABS is going up strong. VITA is green but only 1 trade 10:10 ANI almost in green now. Nieves put 2 trades. 10:11 [...]

I am late as I was doing other things first. 10:18 Looks like banks are on the run today. LTG is up 10:53 COAL still having a hard time to rise LTG on 13.5 area 11:01 GREEN is in red 11:00 MACQUARIE buying up PXP. Nobody else is buying 11:15 PXP is moving EW now [...]

MARC close in red as it declined 4.48% to 1.92 Looks like it is breaking the support of the falling wedge or its just about to rebound soon? Falling Wedge has a bullish bias but it doesn’t mean it can’t go down as well. Mining stocks have been battered today, will they come in full [...]

9:30 VUL opened at the ceiling for the second day! BLOOM opened with a small gap up 9:35 Early hit of 15 for BLOOM LIHC is silent 9:37 COAL going down. Good thing I already said good bye 9:40 BLOOM retracing. 15 doesn’t have a strong support 10:18 BLOOM can’t stay above 15 10:25 BLOOM [...]

10:15 Wasn’t able to monitor the stocks and VUL has just risen to its ceiling! VITA is unbelievable! 10:16 I see MACQ buying BLOOM. DIZ is also active. 10:24 Will APM say goodbye? 10:32 2GO down? 10:51 GREEN after long weeks it is now going up 11:06 COAL is going down 11:40 MARC is moving [...]

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 [...]

MARC‘s news about the 142% growth in shipment volume in the first nine months of the year didn’t not make the price go up but instead it went down further by 3% today. Price is at the higher end of the current trend last Friday and RSI has a buy signal but instead it went [...]

US stocks fell on poor corp earnings; Euro leaders failed to discuss Spanish bailout. US economic reports expected this week. AC, PEC/B, EEI, MARC, MJC, MJIC, PSE, SM, SMC, TEL, CPG, PPP, Energy, Banking, Interest Rates. International Dow Jones         13,5343.51   -1.52% S&P 500              1,433.19        -1.66% Nasdaq               3,005.62        -2.19% PHI                     63.89              -1.10% EPHE                 31.52              -1.01% FTSE 100            5,896.15        [...]

Looks like a double bearish signal for MARC. Price runs through the support from the wedge it created. Can it still recover? We were speculating that it might rebound because of the doji candlestick yesterday but it was a failed reversal. Price now is within the area between 0 – 76.4% Fibonacci Retracement level which [...]

Here is a news from Inquirer about Revised mining reform rules signed Will there be a rebound on mining stocks? MANILA, Philippines—The implementing rules and regulations (IRR) of the government’s mining policy reforms have been finalized by the Department of Environment and Natural Resources (DENR) and will soon take effect. According to Mines and Geosciences [...]

MARC‘s price is still going down following the track created by the falling wedge. Still within the channel and may soon break from it. Buy signal on RSI. The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes [...]

With the US Market down by a big number, what could be the general sentiment for our local market? Will Blues rule the floor or will it be the Basuras? Could also be none! 9:22 Not good for Asia as well? SYDNEY (MarketWatch) — Asia markets fell on Wednesday, matching losses on Wall Street, with [...]

This is going to be the third time MARC hits the 76.4% Fibonacci Retracement level since August. First time it did, it had a good rebound but the dip to this level the second time around, it barely rebounds. Now that it hits this level for the third time, will there be a rebound or [...]

MARC trying to move above the 76.4% Fibonacci Retracement level. The movement looks similar that of early last month. But we also notice a Descending Triangle formation for MARC. The Descending Triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal [...]

Let us see if MARC will do the same last time it hit the support level at 76.4% Fibonacci Retracement level. Few weeks ago, it was on that level but bulls brought the price up but not so much that the danger of going down is still there. Now bears will try to pull it [...]

Since the last time MARC hits the 76.4% Fibonacci Retracement level (On your MARC, get set…. go?) it bounced although with some headwinds along the way like 3 instances last week. Will it continue to go up north or try to visit the major support again? Notice that the volume is not that impressive. We [...]

MARC went up second day but the same with the first day of uptrend there is no volume. Maybe there are just a few who wants to play around with the stock. It might be a bull trap. Caveat! A false signal indicating that a declining trend in a stock or index has reversed and [...]