Release more of your cash!

Our ports are of green, green grass of home (but I hate that videoke staple). All my picks including AEV from last week are now showing green. MBT is the one with the highest in paper gain (in terms of absolute value) and I intend to ride MBT's uptrend until 119. (Have set this sell price already). Only SCC is red and going down; i added at 240.2 earlier and then it promptly went up to 241. So we're all good. Very good.

I also entered BEL at 5.05, since this appears to be the only Sy stocks that hasn't yet made a clear recovery, and I'm banking on the belief that our market will do a mini-cup and handle.

Of all considerations, Technical Analysis come in last to me, but the cup and handle pattern in particular is based on solid market and crowd psychology (just google about the pattern), even solid CANSLIM practitioners stand by it.  

However, for the index at this time, the pattern obviously is not clear. It is more visible in a weekly chart, but even then the volume is problematic. In a perfect cup and handle, the uptrend volume of the handle should be multiples of the volume of the small downtrend (forming the handle). In our case, we were going 4 -5 B PhP when index was going down late last week and early this week. The perfect scenario is if we had at least 10 B PhP today.

Index is also crossing short-term moving average at respectable volume. Chartists also consider this as a good buy signal. Many TA believers should come in tomorrow.

My recommendation is also to enter your bets! Chance  of market going further up is greater, than some funds setting up a bull trap.

If you need suggestions, check the pick of the week post. In addition to the ones listed there, best also to check AC and other fundamentally-solid issues that havent had a <+4% increase since Monday.

Good luck!