What happened today?
- PSEi closed at 6,344.14 pts (+41.43; +0.66%, 9.3B)
- MBT - #4 most active, 529M, (after traders got their stock divi, obviously they will sell it, yesterday closing price of 86.00 broke resistance at 85.3 and on overbought territory)
- AC - yeah baby, patiently filling the gap
- BDO - same as above
- PX - selling off to earn balance to avail SRO, just a quick thought
- MPI - #4 most active, 345M, (see stock chart for test buy)
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| courtesy of COLFinancial |
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| Fig. 1 MPI Stock Chart courtesy of COLFinancial |
- Observations:
- RPL is top gainer and CDC is top loser
- Notes:
- FOMC Meeting today and tomorrow (how will market react)
- Correction looming according to COLFinancial
- Watchlist:
- LCB- indicators show oversold conditions, price nearing support at 0.43, candles still bearish, will observe tomorrow and i'm itching to buy, hehe,
- News:
- ASEAN to show resilience vs. headwinds from Fed taper? (Sept. 17-18, FOMC Meeting)
- July remittances rise the highest in 6 mos. – Bangko Sentral
- US stocks rally after Summers exits Fed race (FED Vice Chair Jannet Yellen as front runner)
- Asian shares slip, dollar steady as Fed policy shift looms
- PSE issues draft rules on backdoor listing
- Others:
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