Index Breaks Resistance
The PSEi broke past its 3230 points resistance today after buying in select blue chips led by AC. Other stocks that are up today include value plays such as JGS and URC.
As I'm writing this, Europe markets look horrible and US futures are indicating a sell-off at the open. I believe that whatever happens overseas tonight, the local market will end up lower tomorrow as some investors would lock in some gains and there is that 'weekend' effect.
Due to lack of clear direction and persistent election anxiety, I'll never get tired of reminding everyone to stay defensive.
As I'm writing this, Europe markets look horrible and US futures are indicating a sell-off at the open. I believe that whatever happens overseas tonight, the local market will end up lower tomorrow as some investors would lock in some gains and there is that 'weekend' effect.
Due to lack of clear direction and persistent election anxiety, I'll never get tired of reminding everyone to stay defensive.
posted by credit card at
8:06 PM
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