This is not a political post. I’m really not a fan of politics. I am more of person that wants to take control of my own destiny by just living out my passion and purpose in this world. This is a report and analysis on what happened to our local market after Trump stepped in as president. This is just to show you how the markets first responded to the news. As what I mentioned in my earlier post (READ: Trump and the PSEI), his inauguration does not change any of our fundamentals yet as it is still too early to tell if the polices will move against the Philippines.
Catch me in my live training events! (quick plug)
Here are the first events for the year! I will give you an update on our live sessions on UAE, Qatar and Iloilo in the next few weeks! 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.
After all the action the past weekend, the market closed up at 7,374.35 (1.96%). The value turnover was not so strong though at 5.59 Billion Pesos. This adds to the theory that whatever rhetoric and potential risk that Trump may add to the equation may have already been priced in. That there are more potential risks in the short term that are beyond just him stepping into power.
The market is closing again to the resistance at 7,400 – 7,444. Expect selling to happen at this point and should selling happen we may see the market retrace again to 7,090 levels over the short term.
However, should the market overcome and break past the resistance at 7,400 – 7,444, it finally turns bullish and it now has a shot over the short term to move to 7,700. Is this the piece of news that could bring markets higher? Let’s see!
Should the market go up further, our goal is not to question “why” but rather our goal should be to just ride the wave while it is headed up. As traders, we have to understand that things like this wont last forever and we need to also prepare our exit point as we see the markets reverse! And that’s why I really believe that every Filipino should learn technical analysis (READ: How to learn technical Analysis in Manila) so no one gets left behind as the market pushes higher.
To those who are doing well in the first month of the year! Congratulations! I hope that this is just the start of even bigger and better things! My greatest desire is to see more Filipinos move into financial freedom. It will be done and it can be done! That the world will look at the Philippines and see that most of the market movers and shakers can be found here!
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