Market Outlook

Buying might be seen, as fund managers seize on yesterday’s drop to position in key stocks.

Volatile sessions may continue, as participants weigh-in expectation from the Fed’s meeting this week, on top of month-end portfolio rebalancing.

It continues to post higher lows overall, cementing its upward trend channel and boosting hopes for a positive mid-term outlook.

Expect volatility to continue, with the month-end portfolio closing & prelude to the Fed’s policy meeting this week.

While the PSEi broke its five-week winning streak, the recent pullbacks remain to be shallow, further signaling that the bulls are in control.

Note, however, that yesterday’s candlestick looks bearish.

Participants might be on a wait-and-see mode following prior session’s performance, as most might seize on the latest strength to cash-out.

Continued momentum is seen, as the PSEi tests scoring near the 7,200 mark.

Again, the index is still flirting with the overbought region, so we can’t consider this a correction just yet.

Movements might stay range-bound for now, pending clear catalysts from the Fed’s next move on its widely-tracked interest rate.

The PSEi rallied for the fifth straight week complemented by strong volume and net foreign buying.

At this point, it looks like the index is consolidating already. We can’t rule out a

Activity might stay range-bound, as the market builds a sturdier base above the 7,000 zone.

Participants might get feelers on local gauges’ sequel ascent, especially with weak US retail sales & factory production data in December.

The local bourse managed a feat that took us all by surprise this week! It broke out of the crucial, psychological 7k resistance and was actually