PSEI - Things to consider next week (Oct 24-28)

PSEI closed lower to end at 7,650.22 as investors cash out gain from the previous rally. Noting however that foreign trades still ended up at net buying of 236.02M, although the index ended up on a selling pressure.



PSEI may still trend sideways this week on a short upward bias, based on a technical perspective as EMA13(fast) is still on an upward trend and MACD just made its golden cross



Here are the things you need to know that could affect our PSEI next week:

1. Philippine Companies 3rd Quarter Reports

Deadline is still far ahead but many companies are already submitting their 3rd quarter FS, so we need to watch out for that. Most investors are already positioning their trades as they bet to a strong 3rd quarter earnings report.

2. Global Stocks/US Stocks

Most index follows the trend of US stocks major indices as the 3rd quarter earnings show strong reports on blue chip companies, many investors are at ease to know that the worlds largest economy is posting better than expected earnings. Add to that is the European Central Bank decision of not changing its policy until December.

3. USD & US Economic datas

Many investors are waiting for the 3rd Quarter weekly jobless claims this Friday along with other US economic data. Although based on reuters poll chances of FED rate hike is still at 60% chance as most policy makers would not hike in November because of the upcoming presidential election.

4. Oil

Oil slips down by 1% as traders cashed out gains from previous rallies.

5. Duterte

A lot happened this week with PRRD's visit to China, the latest is the cutting of ties with the US as the PRRD aligns with China, and the awaited meeting of Japan's PM Abe with PRRD on Thursday as they talk about US alliances.

© sa owner ng pic

There are still a lot of factors that could affect the index but I can't possibly cover them all. These are just my takes, and I could be wrong. GLHF.

PSEI - China's sentiment

PSEI continued its rally to close at 7,721.57, as it continue to climb back at 7,800 range. We can expect the index to inch a little higher to trade back at 7,800 if it can sustain the rally and break it's first resistance, failure to do so will prompt PSEI to trade sideways at 7,600-7,700 range.

PSEI rally can be attributed to China's expected GDP result of 6.7% which ease investors worry about the world 2nd largest economy (paired with increased inflation data last week), along with PRRD visits to china that gained a very optimistic view.

Moody's rating also added to PSEI's rally and the high chance of FED rate hike happening until December fueled its bullish trend.

The trend may continue tomorrow until Friday as investors are likely to cash out gain from the rally.


Side note: MACD just made it's golden cross, aroon indicator shows a change in trend, and net foreign volume shows net buying after two weeks of net selling.



Will update again on Friday on what to watch out next week.

Charts: Investagrams.com

What is an average Pinoy?

Ano ang average/tipikal na pinoy?

Ako ang isang halimbawa ng isang tipikal na pinoy, lumaki sa probinsya kasama ang mga lola't lolo.

Iniwan ng nanay para mangibang bansa, habang ang tatay nagsasaka tumutulong sa bukid.

Ako yung bata palang ay tinuturuan na ng lola magbasa, magspell at kung pano gumalang sa maga

nakakatanda. Ako yung napalo na ng sinturon, hanger, tsinelas, dyaryo, pat-pat at kahit anong

pwedeng ipangpalo ng lolo/tatay pag ako'y nakagawa ng mali. Pagkatapos ay iiyak, uubo pa kunwari, lalakasan pa lalo ang iyak

para marinig ng lola, o di kaya para maawa (kaso mas pinapalo pa tuloy, sabay sigaw na: Di ka ba

titigil!). Ako yung tipikal na pinoy na nung elementary ay mahilig maglaro sa labas, napatid sa

kakaluksong-baka at luksong tinik. Nasugatan ng lata dahil sa tumbang preso, natusok sa kamay dahil

sa trumpo, nakagat ng gagamba at ilang beses ng nagkapasa dahil sa patintero. Kahit nga piko

nilalaro ko, lalo na pag yung mga barkada eh naliligo sa lawa at ako namay di pinapayagan lumabas.

Ako yung tipikal na pinoy na pagkauwi mula sa school eh diretso agad sa kapit-bahay para manuod

ng ghostfighter, iiyak pag di pinayagan ng lola. Kami yung kumakain ng hapunan sa alas singko, at

tulog na pagdating ng alas siyete. Ako yung tinuruang lagyan ng mantika ang plato at iwasiwas sa hangin

para manghuli ng mga lamok sabay gawing kumot ang kulambo habang kinikiskis ang paa ko rito. 

Ako yung tipikal na pinoy na mahuhuli mong umaakyat ng puno ng mangga, bayabas, lumboy, tsiko, santol

at iba pang mga puno na may bunga na pwedeng kainin, ibenta, ibato sa mga kaaway o ibala sa straw

na ginawang sumpak. Paborito kong ulam ang saging, gatas na may asukal at bokayo sabay nagsasabaw

ng kape pag prito ang ulam. Ako yung tipikal na pinoy na nung estudayante pa lang ay nasabunutan, napalo,

nabato ng eraser, chalk at libro ng guro dahil nakikipagkuwentuhan sa katabi. Ako yung pinaikot na sa buong

kampus kasi lagi nalang late, nagpush up ng ilang beses, pinagwalis sa labas, pinagtanggal ng mga damo at pinagbunot

na ng sahig. Ako yung pilit na gustong makatapat si crush sa flag ceremenoy tapos tuwang tuwa pag nakakatabi ito.

Ako yung laging nagbibigay ng floorwax para magcomply kasi di nakakagawa ng project, ako yung 

nangongopya sa kaklase dahil walang masasagot. Ako yung laging tumatayo sa klase ng matagal pag di nakakasagot

sa biglang recitation, ako ring yung laging pinagsasabihang mag-aral. Ako yung mahuhuli mong umaakyat ng bakod

nung high school para makapagcutting, tumatambay sa break water para maligo sa tabing dagat. Ako yung madadaanan

mong naglalaro ng basketball sa kalsada, walang t-shirt habang tirik ang araw. Ako yung pinoy na na pagdating

ng highschool eh nagpagawa na ng loveletter para ibigay sa crush, nagbigay ng bente para sa tula na pampakilig

sa kanya pero binasted lang kasi di raw kami pwede sa isa't isa. Ako yung laging nasusupended kasi an daming barkdada,

ako yung laging walang mapagtanungan kung pano nakukuha yung answer sa math. Ako yung nagbubukas ng libro, tapos

ilalagay sa ilalamin ng upuan pag may exam. Ako yung nakakatulog pag science ang klase, sabay nagugulat at

napapatayo kahit iba naman ang tinatawag. 

Ako yung tipikal na pinoy na pagdating ng kolehiyo ay pinatira sa boarding house. Tipikal na pinoy na sipag na sipag

mag-aral nung first year palang, natutong magdota, uminom at mamarkada nung 2nd year. Nalipat sa private school

kasi nakick-out sa public dahil ambaba ng grades. Ako yung nahilig sa pancit canton, noodles, bluebay at young's town

dahil laging kinakapos sa budget kasi ginamit panginom. Ako yung manok ang ulam sa unang linggo ng buwan pero naglulugaw

nalang pagdating ng katapusan.