PSEi Update: June 2, 2016 | Marvin Germo

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PSEI direction

PSEi Update: June 2, 2016

By: Marvin Germo | June 2, 2016

First of all, thank you so much to everyone who attended #ICON2016!  I personally had fun and it was such an honour to host all of you!  Looking forward to an even bigger and more passionate conference next year!

ICON 2016 Marvin Germo

The market has been up

The market has been up after the elections!  What we are seeing now is just a progression of the market moving upward from the relatively larger buying optimism after the elections.  It just show hows strong the breakout is and how solid the uptrend is at this point.  We still are bullish in the short, mid and long term!

The question is where is the market headed and what are the key points to look at if you are planning to buy and sell?

PSEI direction

Stock Smarts Manila this June 4 and 11.

Just a quick invite to everyone living in the Metro Manila area who would have the eager desire to learn more on how they can be profitable in the stock market, we have our regular runs of our training sessions  this June 4 and 11.  For our Metro Manila seminar, we will be having 4 action packed modules aimed to teach you how to select and time the market.  For the 1st session, I will talk about how you can select amazing stocks (Fundamental Analysis) and for the other 3 sessions I will share on how you can find the best time to buy and sell those stocks (Technical Analysis)!  This is aimed for both traders and investors who would want to maximize their gains while they are invested in the market.  Also if you are from other  other regions of the world, we also have Stock Smarts in SingaporeUAEAustralia, ManilaCebuQatar and New Zealand in the next few months!

As our economy is growing its time fore more and more Filipinos to invest!

Stock Smarts Manila

Where is the market headed?

Looking at the chart below, you will see that after the market bottomed last January 2016, we have seen the market rally and start to reverse over the mid term.  With the short correction prior to the elections, the market is is a steady upward path for the mid term.  If you are already positioned it would be good to still your hold positions, as the market is still showing no sell signals at this point.

Again, your goal for investing is to maximise your gains while the market is still headed up.  We are in the midst of a medium term uptrend unfolding before our very eyes.

PSEi Update June 2 2016

I am trading and investing for the midterm, when can I buy?

You may consider positioning should the market bounce from 7,375 as this will keep the mid term uptrend intact.  What if the market drops lower?  It would still be bullish even if it drops lower, as long as the 7,017 level would hold.  This would be the cheapest place for you to buy while the market is still bullish.  Again trade the bounce from this levels not while the market is headed down.

What if I am trading for shorter periods, what should I consider?

For people trading for relatively shorter periods, you must consider that there will be selling as the market approaches 7,540 levels and if you are trading for the short term, expect that the market could correct at those levels if sellers prevail.  If it fails to go above 7,540, expect the market to correct to around 7,375.

PSEi Short term

However if the market bounces at 7,375 it now has a shot again to go back to 7,540.  If the market breaks out of 7,540, you can adjust your target prices to 7,670 for the short to mid term.

Negative scenarios

Should the market fail to hold 7,375, there is a possibility that it could drop to the following levels: 7,162 and 7,017.  As what I mentioned earlier, please watch 7,017, as this is the level that holds the market bullish.  If the market drops that level we will see the market move from bullish to bearish.

I hope this helps you in your trades and that this gives you the conviction to form your own strategy using the charts to time your trades.  God bless you and I hope that the stock market be one of the best tools for you to move forward in financial freedom!

Catch me live:

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

Marvin Germo Book Orders