Nov 2, 2016

Post #1: All soul's day

PSEi: on a clear downtrend, below SMA 200, major support PSEi 7000.

Chart by www.bigcharts.marketwatch.com


Notes: World market is jittery on FOMC meeting Wednesday. November 8 U.S election between Hillary and Trump is also a concern.

Stocks in radar:

$MCP: ranging, support at P3.50, resistance approx 4.50 - showing strength despite overall market weakness.


Chart by www.bigcharts.marketwatch.com


$STI: Breakout candidate, range - .70-.83, stock is resilient despite overall market weakness.

Chart by www.bigcharts.marketwatch.com

Remarks:

Watch overall market, minimize risk until market shows obvious direction.