The local stock barometer has now declined by more than 20 percent from the record finish of 9,058.62 on Jan. 29, 2018. To confirm a reversal of the 11-year bull cycle, the index must stay within the bear zone, or below 7,200. We believe the PSEI will be able to hold at 7000 level.


Critical Support level @ 6800 – Last night US market recovered after a bloodbath of 600points. We believe a Pullback today before an major fall.


  • Don’t rush to the market yet; things are still fragile in China
  • Death Toll is higher then SARS now – READ MORE
  • PSEi will test the 7000 support or even as low as 6800
  • Fundamentals of Philippines are all in in-tact for now


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