Consunji-led DMCI Holdings, Inc. (DMC), Lopez-led First Gen Corp. (FGEN) and Gokongwei-led JG Summit Holdings, Inc. (JGS) are going to take the places of San Miguel Corp. (SMC), GMA Network, Inc. (GMA7), and Security Bank Corp (SECB) in the index.
Full story here: http://bworldonline.com/main/content.php?id=20235
Thursday, October 28, 2010
Personal Disclosure
The market closed 24.38 points lower from yesterday, confirming the further sideways movement in the short term and has also been pointed out of the loss of momentum reflected by the index' MACD and declining rate of change.
The declining rate of change and momentum confirms the further sideways movement in the short term.
No news is bad news.
AP declined for the second day by a total of 20 centavos. Declining rate of change and momentum suggests further correction/consolidation in the short term.
It seems that I was wrong in reading the price movement of DMC as it advanced further today by 4.04%. Rate of change is half-way through from it's previous peak so this current price movement may last by a day or two before heading for correction/consolidation.
One thing that should be a matter of concern in the short term is the divergence of price advances from volume.
I'll still be holding both till they reach my targets. Hopefully, targets are hit by the time the third quarter earnings report comes out.
Couldn't post much as I have been manually "back-testing" my fine-tuned trading system. I was almost done with the first part(bear market) when I suddenly realized that there was an error on the beginning of the testing so I have to re-do everything again. /epicfail
Companies that had their presentation yesterday at Resort World, Riding with the Bulls courtesy of Citiseconline, performed well today as DMC is up by 4.04%, ICT is up by 2.05% and MPI is up by 2.49%. However, AGI remained flat in today's session which I find somewhat ironic as they own Resort World.
AP is currently up by 6.62% in six trading days.
DMC is currently up by 2.91% in three trading days.
*Hold the winning positions as long as possible, keeping trailing stops active.
*Buy what is showing strength.
The declining rate of change and momentum confirms the further sideways movement in the short term.
No news is bad news.
AP declined for the second day by a total of 20 centavos. Declining rate of change and momentum suggests further correction/consolidation in the short term.
It seems that I was wrong in reading the price movement of DMC as it advanced further today by 4.04%. Rate of change is half-way through from it's previous peak so this current price movement may last by a day or two before heading for correction/consolidation.
One thing that should be a matter of concern in the short term is the divergence of price advances from volume.
I'll still be holding both till they reach my targets. Hopefully, targets are hit by the time the third quarter earnings report comes out.
Couldn't post much as I have been manually "back-testing" my fine-tuned trading system. I was almost done with the first part(bear market) when I suddenly realized that there was an error on the beginning of the testing so I have to re-do everything again. /epicfail
Companies that had their presentation yesterday at Resort World, Riding with the Bulls courtesy of Citiseconline, performed well today as DMC is up by 4.04%, ICT is up by 2.05% and MPI is up by 2.49%. However, AGI remained flat in today's session which I find somewhat ironic as they own Resort World.
AP is currently up by 6.62% in six trading days.
DMC is currently up by 2.91% in three trading days.
*Hold the winning positions as long as possible, keeping trailing stops active.
*Buy what is showing strength.