What’s next for the PSEi?

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#PSEi Update as of May 15, 2017 7,772.93 -42.60 (-0.55%) TURNOVER 7.06B

Amidst all the excitement, after the market broke past 7,700 with force a couple of trading days ago, came the fact that investors at some point will have to take profits. That’s what happened as the market drew close to the 8,000/8,100 levels.

Which bring us to the question, where is the market headed now? Will we actually see the PSEi trend and go higher? Or will we see it reverse downward and break its bullish streak?

What's next for the PSEi

 

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Stock Smarts Singapore —  May 20 – May 21, 2017
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Here’s what the video is all about:

The 7,700 support level held its ground today in spite of selling pressure as the market failed to breakout of the 10 day moving average. That short term moving average, now acted as the new short resistance that is keeping the market in check.  With that the 7,700 – 8,100 level is in play and sound. With that, the market is still said to move sideways over the short term, unless we see a break from the above mentioned range7,700 – 8,100range. For mid-term position traders, all oscillators and parameters remain to be bullish with no mid term sell signals in sight.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. More updates soon on the release date!
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