PSEi : Where are we now ?! Part 3
Only last month we are talking about 18.81 PE of PSEi.
If we compared it to the historical PE of PSE we can deduce that it's not cheap anymore !
Now according to the latest PSE Weekly Market report, The local market PE now stand at 20.49.
Wow ! We're just half of March and look... We are on a roll !
What cause the sudden turn around ?!
If we look closely the latest PSE Weekly Report, we can clearly see that the NFBS for the first 2 weeks of March registered a +1.91B and a +4.34B overseas fund, that is additional 6.25B buyer entering our market... Whoa ! We are being invaded again... Time to be bullish ?!
The recent Dovish Federal Stand energize the slumbering bull that almost quit just 30 days ago...
And with the negative rates in Europe and Japan, it creates billions of funds that can't sleep on banks! Now they are pouring on emerging markets... http://bloom.bg/1Lxmpjn.
Bull Run phase 2 ?!
Only last month the market so edgy, so bearish ... and the 6600 supports seem so fragile and ready to break. Then came March, and every fears seems to fade, everything now coming to order. We are now on a 7306! The third scenario I only wish last month is now in motion.
We can't outsmart the market, and we can't choose what path it will take but as always we can follow it's lead and trade the trends.
Technically, we are now in a Bull Run, the first to emerged out of the Bear Crawl... as other emerging markets closely follows. We now have another baloon to be filled with fresh breadth of funds coming from wealthy nations. And with billions of campaign funds being spent this coming presidential election, all I can see is UP !. Be wise on your trade and enjoy the baloons !
*Tip : Traditionaly, consumer sectors (DD, JFC, PGold) and Services sectors(ABS,GMA7)
enjoy growth during this election event.
*Note :
The Fibo 61.8 is a very important resistance the market need to break this coming week... I am very confident the market will readily break it in just a day or two. Or the market prove to me again how wrong I am...
Caveat !
And with the negative rates in Europe and Japan, it creates billions of funds that can't sleep on banks! Now they are pouring on emerging markets... http://bloom.bg/1Lxmpjn.
Bull Run phase 2 ?!
Only last month the market so edgy, so bearish ... and the 6600 supports seem so fragile and ready to break. Then came March, and every fears seems to fade, everything now coming to order. We are now on a 7306! The third scenario I only wish last month is now in motion.
We can't outsmart the market, and we can't choose what path it will take but as always we can follow it's lead and trade the trends.
Technically, we are now in a Bull Run, the first to emerged out of the Bear Crawl... as other emerging markets closely follows. We now have another baloon to be filled with fresh breadth of funds coming from wealthy nations. And with billions of campaign funds being spent this coming presidential election, all I can see is UP !. Be wise on your trade and enjoy the baloons !
*Tip : Traditionaly, consumer sectors (DD, JFC, PGold) and Services sectors(ABS,GMA7)
enjoy growth during this election event.
*Note :
The Fibo 61.8 is a very important resistance the market need to break this coming week... I am very confident the market will readily break it in just a day or two. Or the market prove to me again how wrong I am...
Caveat !
