After the PSEi broke out of 7,400 on the first week of April 2017 we’ve seen nothing but positive sentiment flood the market which led it to go up by 7.3% (as of this writing). With that we’ve seen the market in general, along with a lot of the large cap stocks move up in value. This leaves a lot of investors with the question, what should I do with my stocks now? Should I buy, sell or hold?
As of this writing the PSEi has broke past 7,700 and 8,100 breaking past those strong resistances now making the market more bullish than where we were last April 2017.
Finally! What we have all been waiting for the market has hit our first target! I mentioned this over and over in previous FB Live sessions that the breakout of 8,100 will cause our market to go even higher. 8,100 is now the new support that will protect the market from falling. Now, let’s watch 8,500, if the market stays above that level, 8,800 is now in sight!
Catch me in my live training events! (quick plug)
The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more on how you could time the market checkout the trainings below.
Stock Smarts Davao — October 20 – October 22, 2017
Stock Smarts Malaysia — November 4 – November 5, 2017
Stock Smarts Sydney, Australia — November 11 – November 12, 2017
Stock Smarts Qatar — November 16 – November 19, 2017
Stock Smarts Singapore — November 25 – November 26, 2017
Stock Smarts Manila — December 2, 3, 9, 10 & 16 , 2017
Stock Smarts Taiwan — December 21 – December 22, 2017
Stock Smarts Cagayan De Oro — January 13 – January 14, 2018
Stock Smarts London, United Kingdom — January 26 – 28, 2018
Up market, down market. The rules never change, you must not listen to your emotions if you plan to trade and invest in the market. I have seen people over and over through the years lose the potential to earn money when markets go up as they either give in to fear and they sell too early thinking that they may lose what they have earned or on the other side of the spectrum, they give in to so much optimism and they buy even when the market is high and expensive.
On the flipside, if you have cash and are planning to buy a stock of a good company but the valuations dictate that it is already expensive. It would be better for you to wait for the stock to correct a bit before you start to come in. You have to remember it is not just about buying a good stock but rather buying a good stock at a good price.
I really desire to see a new generation of Filipinos who are financially free and are using the stock market to reach their goals of financial freedom.