Trading the Philippine Stock Market

[epgarias]

ganahan ko ana parts, pa bukid then trade trade, actually mao ni akong gustong i achieve unta 2007, simple living dayon trade trade, na igo pa bitaw ko financial crisis, toink, balik negosyo uy hehehe. well as usual the market has its vicissitudes. na pugos gud ko learn stock option, para maka trade going down, basta enjoy lang the market while its making money. remember you have no choice in the local market if it is bearish, gut-man dyud ka, not like in the US that we can either short or go for options to survive. basta just think twice before going into a major decisions in life.

mao jud.. Dili pa supported ang shorting sa current market.. But hopefully ma implement nani nila unta as soon as possible aron makashorting nata sa stocks.. Actually part nani ang shorting of stocks sa list of features sa New Trading System.. gihinay2x palang nila implement ang whole system.

[epgarias]

I have no comment on this specifically, but for any philippine mining stock you should put a small consideration in terms of percentage in your overall portfolio, they are so speculative because these companies operate at almost always at a loss, daghan na kaayo na nga paso ani. i've also notice that there are so many cheerleaders in this area. stick to trend and stocks with strong fundamentals.

Totally agreed with innosoft.. Infact the mining sector is the worse performing sector in our local market today..

[epgarias]

Now primary trend is up and my own analysis base on EWT still uptrend. wave 2 correction just finished on month of June and now started wave 3 impulse. And wave 3 impulsive is the longest wave of EWT so this might be a nice bull run for the long term. And base on technical indicators MACD is in positive territory which means uptrend momentum is good. But base on fundamentals, profitability ratio ROE not as impressive only 8.3% for 2009 and 8.5% projection for 2010 compared to double digit ROE for RLC and ALI. Market ratio - P/E also a bit overvalued.

Bro i see you are and avid fan of the Elliot Wave analysis.. Maayo na atleast naa ta elliotician ngari sa thread.. Can you share to us unsa mga nindot na books/ebooks to learn this principles?

[neshem]

share lang ko pangpagana. ^^

Philippine Stocks' Bull Market Rally to Be `Massive,' Macquarie Group Says


The Philippine stock index may climb to a record this year after entering a bull market as President Benigno Aquino’s pledge to cut the budget deficit and raise investments drive earnings higher, Macquarie Group Ltd. said.

The benchmark index will reach 3,900 in the “near term” as economic expansion and earnings growth of 23 percent this year push Philippine stocks into a “massive bull market,” said Alex Pomento, a strategist at Macquarie in Manila. The measure, which peaked at 3,873.50 on Oct. 8, 2007, may extend gains to 4,500 in 2011, he said.

http://www.bloomberg.com/news/2010-0...roup-says.html

[TWINSCAN]

Bro gagamit diay ka ug Elliot Wave Theory? Unsa imo good reference ana niya na nakita ang other RULES aside sa kanang imoha RULE 5..

Bro, nindot ni siya pang investor bro and trader as well kay ma-project nimo where the market is heading. But the inherent weakness of EWT is the counting of waves. Ang pinaka-importante ani cguro is to determine where is the primary trend going either uptrend or downtrend then apply EWT. Kang John Murhpy nga book ako reference sa una ani bro "Technical Analysis of the Financial Market" gdiscuss man na niya did2 pero dili kaau detailed then i do my own research nalang to explore. John Murphy is one of the best Technical Trader, he is really a market technician and his book is very good for traders. In EWT market consolidation usually is the start of wave 4 then followed by an impulsive wave 5. And wave 5 is in equilibrium with wave 1 most of the time but sometimes wave 1 is extended and wave 5 is also extended.

[epgarias]

@ sir Ep and Vondave - unsay guess ninyo sa stocks this week

Check this link for my PSE analysis of the week:
PSE Analysis for the week

To add: Since no US trading tonight. Then there will be no US reports that will be release tomorrow that can possibly affect the market I expect our local market to move sideways and correct by wednesday prior to the long vacation. What happen kanina is profit taking sa mga nakagain sa ilaha stocks particularly sa mga blue chips/1st liners. I am expecting some shift sa focus sa stocks towards the 2nd and 3rd liners. Its their turn to shine this time.. Example kay ang BEL ug RFM. To be cautious kay likayi lang jud ang mga penny stocks or the garbage stocks.

[epgarias]

Bro, nindot ni siya pang investor bro and trader as well kay ma-project nimo where the market is heading. But the inherent weakness of EWT is the counting of waves. Ang pinaka-importante ani cguro is to determine where is the primary trend going either uptrend or downtrend then apply EWT. Kang John Murhpy nga book ako reference sa una ani bro "Technical Analysis of the Financial Market" gdiscuss man na niya did2 pero dili kaau detailed then i do my own research nalang to explore. John Murphy is one of the best Technical Trader, he is really a market technician and his book is very good for traders. In EWT market consolidation usually is the start of wave 4 then followed by an impulsive wave 5. And wave 5 is in equilibrium with wave 1 most of the time but sometimes wave 1 is extended and wave 5 is also extended.

Thanks bro.. Actually naa ko basic lang na hibaw-an sa EWT.. Wla lang nako gipadayon koa learning niya coz of its complexity and it will violate the "Keep It Simple" na principle.. Pero if wla ko lingaw, I am planning to study it further.. Naa pud ko ana na book imo gi mention.. It is a very good book para sa mga beginners..

[epgarias]

Speaking about MEG. Share lang nako about how to maximize your gains using swing trading technique. This is the way I trade my stocks.



This is how a typical buy and hold investor plays the stock:



From the two pictures above we can clearly see that mas dako jud ang kita sa swing trader kaysa sa buy and hold. Assuming same lang ilaha capital duha. Therefore I highly suggest jud to most beginners to try to learn and master swing trading concept.

[MoD]

tanx sir EP for the info.. dako jud difference diay sa.. specially kung cge naog ug saka..

[epgarias]

tanx sir EP for the info.. dako jud difference diay sa.. specially kung cge naog ug saka..

Dako jud ang difference.. Stick lang jud sa mga blue chips or the top performing stocks.. Or sa kato mga recommendation ni bro vondave na mga stocks with very good fundamentals..