The week started with two days of blood letting as traders protected profits or opted to go liquid due to negative developments from abroad. First, it was Deutsche Bank going underweight with the Philippine Market. Then, the tag team of the Boston Bombing and China's lower than expected GDP growth wrecked havoc across the financial markets. The positive thing from this pandemonium is that one can filter strong stocks. Strong stocks are less likely to be affected by external news or should their price dip within the day, they always close near their previous day's price. Also, in a technical stand point, the Index filled its gap around the 6745 level, preparing it for another swing upwards. However, always remember that stocks don't appreciate in a straight line.
 |
| CLICK IMAGE TO ENLARGE |
No comments:
Post a Comment