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Emboldened, the stock market is now entertaining a lower inflation rate for the coming months. ThoughtLeaders
In the jungle, offense over defense seems to be the norm of life: a mantra of survival for every living thing in the wilds for a vigorous life.
For this reason, it might be best to first take a look at the recovery table before we go on in the review of trading systems, as promised in my last article. In last week’s trading results, the market again closed lower at 6,556.37 of the PSEi, again settling with a negative loss of 30.53 points or 0.46%. This further loss slashed the market’s year-to-date gains to only 88.98 points or 1.36% before it goes into negative territory.
In addition, they were clearly net sellers. But the following day, Wednesday, March 1, the market reversed direction to end in positive territory. This end-of-day closing uptrend was carried all the way up to the end of the week on Friday, March 3.The total gains in said three days were visibly not enough to wipeout losses.
It would have been different if the market closed in the opposite direction with a low total market transaction as above. In this case, the supply of shares for sale is not a problem. They could be described as abundant. But sellers could hardly find buyers, who at this time are maybe opting to stay in the sidelines or plainly staying out of the market for the meantime.
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