Benpress Holdings (PSE: BPC)

Just a simple computation of the 20%-40% rule theory on breakouts. Same was used on MER recently (on parabolics). caveat.

Note: Individual charts of BPC, PX, FPH are very nice and still on an uptrend BUT external factors such as the USD/Yen, S&P500 and Gold readings is making me a sissy to trade my faves. For clarification only.

Personal Disclosure – PX

im lighten our core position. got lots of px (friends) on various brokerage houses. if there will be a panic selling on US equities, psei might get affected, it will be impossible for me to liquidate PX simultaneously on their respective houses. As of this writing, I’m finished selling PX core holdings of friends with COL account, Partial selling done on 4 other houses. Although i believe PX is a wonderful stock with 8.40 potential target, i’m playing it safe. Caveat.

In Danger Zone – Meralco’s Parabolic (PSE:MER)

searching parabolic curves in this blog will at least give you an idea what it can do. paracurves are the most extreme pattern of all. in short, parabolic curve is the mother of all pattern. but once it burst…..
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The Jerk in Me

Laugh all you want guys hehehe

US/Yen and S&P500

Panic sets as usd/yen tumbling. S&P 500 broke the 880 neck as well. This is not good. Gold revisited 916 and broken. Panic is now in effect. margin call will be an influential catalyst in aggravating a selloff.
To counter and suppress panic, S&P500 needs to go back to 880 today. caveat.
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edit added
margin call might have been one reason on usd/yen’s revisiting of 92 level earlier. i still cant see the 1.27-1.28 euro/usd target of a prominent currency analyst this July (to early Aug) but the 1.34 is visible on my point of view. I may have a glimpse of that 1.27-1.28 target of his IF the current channel will be broken immediately (will post chart of euro/usd later).

Awhile ago, Gold, Usd/Yen and S&P500 have simultaneously broken their crucial supports. This i think lots of currency & commodities traders are watching that 880 neck of S&P500 whether to hold or break. what i’m afraid is deleveraging as last October 2008 we’ve seen how margin calls murdered the equities. If this will happen again, it will really hurt euro/usd and that 1.27-1.28 this july-early aug scenario is possible. caveat.

Personal

To my father in law who’s celebrating his 67th birthday today, may you have more tilapias, turkeys, ducks, chicken, lotsa veggies and papayas, coconuts and vigor of a bull in many years to come. Love you Tay.

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Darn, how can i missed watching 24 last night. Arggggghhhh grrrrr

US Stocks, S&P500, USD/Yen

S&P 500 Daily & Weekly Charts

American Insurance Group (AIG) Weekly chart

Citigroup (C) Weekly chart

General Electric (GE) Weekly chart

USD/Yen Daily Chart

Philippine Stocks

For reference only.
San Miguel Corp (PSE: SMC) Daily Chart

Philex Mining (PSE: PX) Daily and Weekly Charts

Ayala Corp (PSE: AC)

Timeout and PSE – Manila Times Stock Market Challenge

Aviso. For the next 2 days I may not update this site. I was given a task by a prominent broker to do technical analysis of various stocks to be presented to institutional investors. Said analysis will be posted here a week late or so, and for reference only. Those who want a copy pls leave a comment (a simple “hi” will do) and i’ll gladly email you (a day late is still ok?). Many thanks.
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Since last week, the contest have experienced technical problems. You can’t trade your portfolio and it leave a message that the contest was over.