#PSEi Noon Update September 29, 2016

PSEi at 7,672.57

Market up 1.13%, +85.61
Value Turnover at 2.63 Billion

But First!

First of sharing scenes of Stock Smarts Manila. I’m just excited for our new session this October 1. It’s just time for more Filipinos to trade and invest with confidence. To register: www.bit.ly/stocksmartsmanila

The Market Bounced from the Support.

The support at 7,520 levels proved itself faithful again as the market bounced after hovering close to the support just a few days ago. Now that the market is up again, expect that it should charge upward to around 7,760 where it may face some selling again.

Catch me in my live training events! (quick plug)

To those who want to take it a notch higher and want a good foundation in stock trading and investing. I would like to invite you to our live seminars in Metro Manila, Singapore, Australia, UAE, Cebu and Davao. 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! This is my passion and this is what I want to do over and over! To bring more consumers to investors! We will be teaching different techniques from how to select the right stocks up to how to find the perfect timing in buying and selling stocks.

Stock Smarts Manila — October 1, 2016
Stock Smarts Australia — October 15 – 16, 2016
Stock Smarts Cebu — October 28 – 29, 2016
Stock Smarts Davao — November 5 – 6, 2016
Stock Smarts Iloilo — November 19 – 20, 2016
Stock Smarts Singapore – November 28 – 29, 2016
Stock Smarts Manila — December 3 & 10, 2016

What do the oscillators say?

In spite of foreign selling we have a lot of price and volume oscillators showing accumulation happening during this period. Imagine buying while foreigners are selling?

Where is the market over the long term headed?

The market over the long term is still bullish, while it is moving nowhere with a stronger downward bias for the short term.

For Mid Term Traders

For those following the market for the mid term, the range, provided that it holds above 7,520 is at 7,520 – 8,100.

Enjoy your trades.

Catch me live:

Stock Smarts Manila — October 1, 2016
Stock Smarts Australia — October 15 – 16, 2016
Stock Smarts Cebu — October 28 – 29, 2016
Stock Smarts Davao — November 5 – 6, 2016
Stock Smarts Iloilo — November 19 – 20, 2016
Stock Smarts Singapore – November 28 – 29, 2016
Stock Smarts Manila — December 3 & 10, 2016

New Book and other books on Investing, Business and Finance.

I’m excited to share my latest book, Where Should You Invest? This will answer one of the biggest questions on the what, where and when you should invest on. I will also tackle the concept that there are certain investments that work well with others and some investments that don’t work well at a certain investment phases.

This is aimed to help investors have a holistic sense on how they can grow, maximize, and preserve their wealth!(Stock Smarts Book 4 is also coming this year) I also feature other books in my website with authors that I respect which have different expertise in Finance, Business, Investing and everything else in between.

For more details and to order: Marvin Germo Book Orders