PHP Stocks Investment Portfolio [2017 Wrap-up]

PSEi closed 2017 on a cheerful beat, as it posted a record high of 8,558.42 points, with all sectors moving north. As closing bell rang on Friday, December 29, executives of the Philippine Stock Exchange Incorporated (PSE) rejoiced as PSE index (PSEi) rallied 126 points at 8,558. This was the 14th time that the main index closed at an all-time high this 2017. For the year alone, the PSEi gained 25.11%.   

Most trading participants had speculated that the October 25 drop was due to the rising geopolitical tensions between the US and North Korea and normalization path of the US Federal Reserve, among others. This Friday's rally, according to my reputable CFP, could be linked to strong inflows with the PSEi, which posted a fresh all-time high. 

Personally, the main reason why stocks finished higher on the last trading sessions as a result of a window dressing for higher company valuations on their books.   

Based on PSEi chart from year 1995 and my major pullback record above, since 2008 there’s no major pullback recorded of more than 50%. Based on the pattern/cycle, I’m expecting a major pullback anytime soon. If the low price of 6,499.00 on 23-Dec-2016 is broken that will retest the 5,562.13 level. Otherwise, the resistance of 8889, 9204, 9606, 9811 & 10009 are strongly be expected.  

DISCLAIMER: I am not a Certified Financial Planner nor a Financial Advisor. Expressed in this blog is my personal opinion only and should not be construed as a recommendation, an offer, or solicitation for the subscription, purchase, or sale of any securities herein mentioned.