Philippines PSE Composite Index (PSEi): 13 July 2016, Wednesday, 10.25pm Singapore Time

Philippines PSE Composite Index (PSEi):

13 July 2016, Wednesday, 10.25pm Singapore Time

Smart monies re-accumulated massive amount of Philippines stocks within the ligh-green boxed region before Duterte was elected as president of Philippines. A Trinity of Gap-up Supports were then launched as illustrated. There will be a massive rally of a lifetime in 2016 and 2017 in Philippines. 8100 points will break up explosively. This will set the tone for all stocks to shoot fiercely upwards in Philippines. Rising tide lifts all boats now. Humongous bull market to come in Philippines. You have been warned.

DNA Technical Rating:

Bullish

Donovan Norfolk Ang

Philippines Stock Exchange Index (PSEi): 29 September 2014, Monday, 11.45pm Singapore Time

Philippines Stock Exchange Index (PSEi): 29 September 2014, Monday, 11.45pm Singapore Time

Attached above is the Chart of the Philippines Stock Exchange Index (PSEi).

7261.30 points will break down.

Often, bearish divergences do not necessarily need to be executed and can remain in place for as long as it wants without markets going down. However, the above bearish divergence will execute a break down this time round. The reason as follows below:

Compare and contrast the above technical analysis with Donovan Norfolk Ang WORLDWIDE Funds Flow Analysis Indicator which never fails to know what smart-money actions will be next for world markets: it will be one of a break down coming for the above PSEi chart, just like many other markets that will undergo a sell off as warned previous few weeks:

Broad Market (Big Wind Direction) Short-Term / Mid-Term Posture by Big Hands:

+ Big Hands piled up more shorts today.

+ Big Hands piled up more Bearish Puts today.

+ Big Hands maintained at MAXIMUM SHORTS STRENGTH in holdings.

+ Big Hands are still non insignificant in Bearish Puts holdings.

+ Big Hands are still persistently dual shorts in holding: VERY BEARISH-BIASED.

+ Shorts positions of smart monies worldwide are highly speculative and non insignificant in strength.

+ Expect more sell-downs in the mid term. Worldwide sell-offs are far from over.

+ Overall outlook by big hands and smart money for the mid-term: speculative on the bearish side

Donovan Norfolk Ang

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Philippines PSEi and Philippines Peso Concurrent Analysis: 29 June 2014, Sunday, 1.00pm Singapore Time

Philippines PSEi Index: 29 June 2014, Sunday, 1.00pm Singapore Time

Chart courtesy of StockCharts.com

Technical Analysis of Philippines PSE Composite Index PSEi is as per illustrated in Weekly Chart above.

Philippines is a market in a frothing bubble. Only Filippinos are buying and investing when the Big Hands and Smart Money are using 1-2 years to execute a major distribution using rosy outlook as backdrop.

Philippines PSEi Index: 29 June 2014, Sunday, 1.00pm Singapore Time

Chart courtesy of XE.com

Technical Analysis of Philippines Peso  is as per illustrated in PHPUSD Foreign Exchange Chart above.

Philippines Financial Markets may be brewing initial signs of trouble. Be cautious.

Donovan Norfolk Ang Technical Rating:

Bearish

Transition to Long Term Bear Markets

Short/Sell off

Donovan Norfolk Ang

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Philippines Stock Exchange Index (PSEi): 15 June 2014, Sunday, 4.08am Singapore Time

Philippines Stock Exchange Index (PSEi): 15 June 2014, Sunday, 4.08am Singapore Time

Chart courtesy of Chartnexus.com

Technical Analysis of Philippines PSEi Index as per illustrated in Daily Chart above.

Philippines PSEi Index:
This is where we are now.

Donovan Norfolk Ang

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Philippines Stock Exchange Index (PSEi): 4 June 2014, Wednesday, 9.55pm Singapore Time

Philippines Stock Exchange Index (PSEi): 4 June 2014, Wednesday, 9.55pm Singapore Time

Major Distribution still in progress and ending. 

Major Downtrend is to resume now.

There is also huge dumping by smart monies, big hands and market movers in the Philippines financial markets while the public are all buying and pouring in to the stocks and equities markets in the midst of positive sentiments. Rosy outlook facilitates selling by the smart monies while public are willing buyers.
What better time than now to unload.

As per warned previously, Philippines Markets are SELL-ON-REBOUNDS and not for buying-on-dips in 2014. Many investors will find themselves losing money in stocks across the board while the index seems pretty rosy. That is the key.

Donovan Norfolk Ang Technical Rating:

Bearish
Long Term Downtrend

Short/Sell off

Donovan Norfolk Ang

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Philippines PSEi Index: 26 January 2014, Sunday, 12.02pm Singapore Time

Philippines PSEi Index: 26 January 2014, Sunday, 12.02pm Singapore Time

Chart courtesy of Chartnexus.com

Attached above is the Philippines PSEi Index.

+ Huge Distribution Triangle using 5519-5669 points for the operation

+ Orange Zone serve as ultimate warning

+ Market is awaiting the mark-down stage (plunging stage) in Philippines

+ Emerging Markets are expected to sell off violently as per warned to get out in Nov-Dec of 2013

+ Also warned that 2014 will be welcomed with huge sell-downs

+ At best, Philippines will use 2014 to just merely consolidate; at worst, it will have a major selling in 2014 to break down 5519-5669 points band. If this band breaks, floodgates for accelerated sell-off will trigger.

All illustrations above are self-explanatory. 

5519-5669 points is the critical support that is expected to be broken down for mark-down stage.

The above bearish market structure will be negated only if the orange zone upper limit of 6700 points is captured convincingly; if 6700 points is re-captured, Philippines will continue a bull. Otherwise, PSEi and Philippines stocks should be regarded as Bearish-bias/Bearish-lookng and to sell/get-out on rebounds.

Emerging Markets:
Bearish

Donovan Norfolk Ang

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Market Forecast Update: 3 October 2013, Thursday, 12.45pm Singapore Time

Market Forecast Update: 3 October 2013, Thursday, 12.45pm Singapore Time

LATEST:
http://www.bloomberg.com/news/2013-10-03/philippines-completes-investment-grade-ascent-as-moody-s-raises.html

Remembered in the past 2-3 weeks, I called for a strong buy/long in PHILIPPINES posting my analysis in all Philippines Forums?

Now you know why.

Donovan Norfolk Ang