F. Yap Securities / 2TradeAsia

Participants might adopt a cautious stance this week, ahead of guidance from the US FOMC meeting on 19-20 March (US time).

Market players will monitor possible cross above the 7,000 mark, to check whether profit-taking might emerge.

Eyes are set on possible move above the 7,000 zone, as investors check on continuity of Friday’s momentum.

Having softened below the 6,900 mark, participants would check on the likelihood for continued supply pressure at current levels versus fresh buying support.

Sideways trend is seen, as investors sift through earnings results from listed firms, while some might glide to Wall Street’s softer tone.

Stabilization within 6,850-6,950 zone might be seen on the interim, as part of liquidity finds its way into equities.

Sentiment might take its cue from Wall Street’s incline, after PCE index was in-step with estimates (+0.3% in January).

Another range-bound session is seen, with the month-end portfolio rebalancing.

Sentiment might sway to Wall Street’s incline (DJIA +1.18%, Nasdaq Comp. +2.96%), as economic & corporate earnings growth prospects are highlighted anew.

Light sessions are seen, with foreign fund managers on their extended weekend break for the US Presidents’ Day holiday.

Movements might stay range-bound for now, as the PSEi reinforces a firmer base at 6,800.

Sentiment might sway to Wall Street’s lead, with improved liquidity returning to equities.

Attention would be on the local central bank’s policy meeting, with consensus for a status quo.

Sentiment might glide to Wall Street’s weakness, on fears for possible slight uptick in domestic inflation for Feb.

Participants will monitor continuity of yesterday’s trend, or for supply pressure to start coming out ahead of the Lunar break.