Analysis of Stocks, Markets & Commodities | BUY when everyone is fearful, SELL when everyone is greedy.

September 28

The PSEi did move higher as expected but I noticed that some of our Asian neighbors were not doing as well as we are. If they still don't catch up tomorrow, we definitely need to sell on these rallies. The U.S. Congress is already expected to make the $700billion bailout in their financial system as both parties have agreed on the terms. Bullish fourth quarter is now coming, are we going to see what we usually we this year? Let's see.

September 25

The market continues to move upward despite bearishness in other global markets. Some good things to note that happened today is that we are again back to net foreign buying scenario plus that the PSE create a higher low and a higher high. More legs upward is very likely, more so because DOW JONES is up 2% as of writing. As long as no surprising bad news come in and it sustains these gains hopefully with better volume, then a higher move in local markets is expected. So what do we do? I think we have to wait a little and sell a few on these rallies

September 22

The resistance that was expected today proved itself to be strong enough to sucumb the gains of the market in early trading. In the last two trading days, the market already rallied by more than 7%. Foreign money suddenly show some buying support today with P200m. All eyes on U.S. markets again tonight, I really don't know what's going to happen next from here on as the odds is really 50-50. Yeah sure it may go down, but the question really is if it's going to be significant? If it goes up, how much higher? We don't really know because their government has controlled their markets already. So toss a coin and bet, heads or tails?