Tyro Trader's Analysis - Oct 27

Both LPZ and EDC breaking above their downtrend lines. MACD and DMI Indicators looking healthy. Risk:Reward is favorable if one were to consider their recent lows.

Have positions in GERI as well. Cutloss is pegged at recent low of 2.08; minimal risk assumed at current prices. MACD still needing to cross up the zero line though so as to gather momentum

DOW up by 200 points as of this writing. Could this really be the start of a new uptrend? A lot are waiting for that correction in the PSE that isn't really happening. I say, just ride the rally. Good luck with your trades!

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same.

Tyro Trader's Analysis - Oct 18

After 8 days of continuous ascent, our index finally succumbed to profit taking. This coincides with DOW's triple digit correction last night.

Ideally from hereon, our market gets to establish a higher low relative to 3,828 (where this current rally started from). Once that higher low is set, we should see our index being able to better challenge the 4300 level.

For now, I'll just be waiting for the current correction to take its course before taking in new positions.

P.S. Wasn't able to update my blog for the past 1 month and half as I was swamped by my day job. Hopefully i'll be able to update this blog more regularly from hereon.