Pick of the week for Wk24 is a strong cash position. If youre not at at least 30%, sell some!

I saw that the PSEi is showing some signs of resilience. And although the locals are selling, the foreigners are firm on supporting some specific stocks. My relatively big positions in SECB and FLI are even showing big gains.

I still dont like though the general atmosphere, and the fact that we were red today. The inflation report and the possible rate increase by the BSP this week is also something to watch out for.

My reco this week is to maintain a robust cash position. If you have some belief in the chances of an uptrend, still maintain 30% cash. That's the safest thing to do this June.