Pick of the week for Wk37 is to rest, relax a bit, and watch muna

If you have elected to sell some SECB from the previous week's pick (which should be showing 10-15% today, and the RSI is too red hot todate), the recommendation to do now is watch.

Don't always fight, watch munaaaaa!

Ive sold all my PGOLD at 36.3, when I saw that the foreigners are still intent to bringing it down, and while it was still showing +3.5% in my main port. Today Ive reentered one tranche too early at 33.85. Im prepared to add another tranche at 32.5. It also appears that we are being given opportunity to buy more of TA, another favorite. Im positioned to add again at 2.3. But this is just me. There are no strong positive indications supporting a conviction to get in.

The more rationale move is to watch if the index intends to continue upward to 7400, or we're stunted at 7300. It's right to anchor your entries based on the general market sentiment. The net foreign buying yesterday breached a very favorable  1 B PhP+, this portends great things, but it still pays to be a bit careful given our current expensive valuations.  

If you're itching to enter, enter in tranches. Dont buy in bulk.