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Another John Gokongwei – led company, namely Universal Robina Corporation or URC in the Philippine Stock Exchange has been making some headway these past couple of days. Now, will it be able to regain its form and regain its previous high that it had back in 2010?

Philex Mining Corporation (PX) was one of the main guys in today’s top gainers list with a significant amount of volume traded along with Lepanto Consolidated Mining Corporation (LC) and Manila Mining Corporation (MA).

WTI Crude Oil To Slip Again?

Posted by lytman02 on May 15th, 2011

WTI crude oil suffered an unprecedented fall last week when it was dropped like it was hot from a high of $114.81 per barrel to a low of $94.65 in a matter of days. Since then oil prices have rebounded again. However, it appears that oil could bound for another dip in the near term.

The euro got hammered by the us dollar during the last 4 days when it slipped sharply from 1.4940 last May 4 to a low of 1.4254 yesterday. However, it appears that the euro bulls will be looking to rebound from its recent losses shortly.

Are the bears about to take control of the shares of SM Prime Holdings, Inc. (SMPH)? I am confronted with this question now because it appears that SMPH is indeed primed (no pun intended) for a major correction in the near term.

The stocks of Century Peak Metals Holdings Corporation or CPM in the Philippine Stock Exchange was today’s top 10 flyer closing the trading session up by 5.26% to PHP2.40 with 6.3 million volume traded. For those who do not know, this company is engaged in the mining industry as well as investing in real estate development and energy.

PNB To Revisit Its 8-Year High?

Posted by lytman02 on May 3rd, 2011

Philippine National Bank or PNB in the Philippine Stock Exchange made an awesome 60% run in just 2 months. One of the reason for the sudden rise was the speculation of another bank’s acquisition on PNB. From PHP42.05 last February, the price shot up to PHP68.60 2 months later. Then PNB corrected and started consolidating sideways.

The NZD/JPY Setup

Posted by lytman02 on May 1st, 2011

The New Zealand dollar increased its value by 20% against the Japanese Yen (NZD/JPY) from 55.00 to 66.00 in less than a month. Afterwards it started consolidating sideways as seen in the 4-hour chart above. In the process, there could be a bullish setup particularly a 1-month symmetrical triangle forming which could propel this forex pair to rise once more.

The Aussie To Rise Against The Yen?

Posted by lytman02 on May 1st, 2011

My next for pick for the day is the Australian dollar against the Japanese yen. This forex pair broke out from a 3-week double bottom formation the other day as seen in its 4-hour chart above but hasn’t continued its swing up. It actually went back down after finding some resistance at 89.59.

Local mining stocks like Lepanto Consolidated Mining Company (LC and LCB) and Philex Mining Corporation (PX) have made a pretty good run-up during the past week or so. Still, it looks like there’s going to be a follow through at least for Philex in the near term.

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