Philippines Stock Exchange Update – 03/08/23

The daily Philippines Stock Exchange (PSEI) chart courtesy of Trading View updates the action.

The prior PSEI session declined about 1.3% then at the end finished positive for the day.   The current session as of this writing is down slightly.  The MACD so far has a very small bullish lines cross, Stochastic has a small bearish lines cross.

This week the PSEI is outperforming the S&P 500 (SPX).  This factor with the  Put/Call signal hint that the U.S payroll report this Friday may not trigger a large decline for global stocks.   


Published by Mark Rivest

Independent investment advisor, trader, and writer. Articles have appeared on Technical Analysis of Stocks and Commodities , Advantage,, and Finance Magnates.

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