“I had the chance to share my views on where the PSEI and Peso was headed in a Bloomberg PH interview.
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 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
Is the market headed up or are we about to correct further?
The market will move from 7,520 to 7,700 with a support at 7,520 and a resistance at 7,700. The largest support level is at 7,520.
Where will the Peso go?
1. As of this writing, the USD is bullish against the PHP, all technical indicators at this point, point toward the USD appreciating even further.
2. Something significant happened after it broke the 48 Peso level. This range has was never broken in i think more than 7 years already. (Let me double check on how long). This means that the USD is on a breakout.
3. Should this breakout progress, the USD may go as high over the short term to 50. Which is the next resistance level. Should 50 be broken, 52-53 may be the next resistance. However, I think should things escalate further, the BSP will also step in to protect the PHP.
4. Should 48 not hold in the next few days, there is a possibility that the PHP could appreciate back to 47.5, specially if the BSP intervenes.
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