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BSP eyes measures to curb peso climb

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Buy more Philippine Pesos??? BSP eyes measures to curb peso climb By   Doris C. Dumlao ,  Michelle V. Remo Philippine Daily Inquirer The Bangko Sentral ng Pilipinas said 2013 could be a challenging year as far as preventing an even steeper appreciation of the peso was concerned, noting that a potential investment grade credit-rating for the country could drive more foreign portfolio investments. Admitting it was actively buying dollars from the market in 2012 to temper what could have been a sharper appreciation of the local currency, the BSP said it expected the need for more action to keep the peso as less volatile as possible next year. “Capital flows from a [potential] credit-rating upgrade will provide more challenge in terms of keeping the peso relatively stable and minimizing its volatility,” BSP Deputy Governor Diwa Guinigundo told reporters Friday. In 2012, the peso appreciated against the dollar by more than 6 percent partly on account of significant inflo
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Stocks continue rally

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A news article from:  Doris C. Dumlao of  Philippine Daily Inquirer Stocks continue rally LOCAL stocks extended their gains for a fourth session Friday, bucking a regional downturn on the back of a positive credit-rating outlook by Standard & Poor’s and some yearend window-dressing. The main-share Philippine Stock Exchange index gained 26.2 points or 0.45 percent to close at 5,823.94. The index hit a high of 5,860.12 in intraday trade—very close to the all-time intraday peak of 5,866.83—but pared down gains instead of breaking into new highs. “Being the last day before Christmas, this is truly a Santa Claus rally. Now I look forward to the January effect,” said Gus Cosio, president of mutual fund management firm First Metro Asset Management Inc. The local market shrugged off regional concerns over a stalled budget deal that would have addressed the US’ fiscal cliff by year’s end. Without such a deal, a series of mandated tax increases and spending cuts could push t
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Back to Blog? or Promising Brother!

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First and foremost: Sorry I recently checked:  http://technicalinsider.blogspot.com/  I was surprised that I was not able to view the posts.  It seems that one of the "gadgets" was blocking readers in reading the blog.  At this time, I have made it my goal to make this blog leaner and more informative than ever. I chanced upon the opportunity to look again into my blog to review the books that we considered as the bible in understanding technical analysis: Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance) - John J. Murphy You can purchase this book in Amazon via the link provided (left column) I tried to look for the book again as my 19 year old brother got interested in diving into stock trading. I started talking to him passionately about technical analysis and in time got a little bit nostalgic and sentimental about my personal history in trading Philippine stocks. My b
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Atlas Mining sees $22.5-million profit this year

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Source: Technistock through Citiseconline (or STAR) Atlas Consolidated Mining & Development Corp.’s subsidiary Carmen Copper Corp. (CCC) is projecting a net profit of $22.5 million this year on the back of a $199 million gross sales revenue. In an investors’ briefing last Friday, officials of CCC also expressed confidence that its third quarter financial performance (which is expected to be announced by Nov. 19) will be much better than its second quarter performance. In a presentation by George Bujtor, executive director of CCC, it was also projected that gross sales revenue for next year would continue to increase to $315 million based on a copper price of $7,050 per ton. CCC is expected to ramp up production next year to 43,158 tons from this year’s expected production of 26,629 tons. Bujtor also revealed that ACMDC will decide by the end of this year on whether its would continue open pit or resort to underground mining to tap the remaining resources in its Lutopan mine in Tole
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PNB forming a gap up

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PNB continues to be bullish after a posting a volume of 10,905,280 highest since July 23, 2010 PNB forming a gap up! Good luck to all!
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SECB continues to test resistance at

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SECB continues to test resistance at 85. 85 is the 10 year high of SECB. I hope it breaks this resistance soon. Good luck to all :)
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Intraday: SM showing support at intraday low

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SM seems to be showing its support level as volume hits 1M shares traded hopefully, this will not go lower than 520 Good luck to all :)
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