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.