"Kindly add the following stocks of the Philippine market in your library. Some of them appear overextended (in yellow below). As a Philippine resident, I have sold some of my index fund, waiting for a potential correction before going back directly into stocks. Best regards from the East which moves well forward,"

Eoin Treacy's view Thank you for this list of shares which have all been added to the Chart Library. The Philippines has long struggled under extraordinarily poor governance. This appears to be changing under President Aquino but the country still has a long way to go on the road to an acceptable standard of governance. The stock market has accelerated higher over the last few weeks and is now quite overextended relative to the 200-day MA. The first clear downward dynamic is likely to signal the onset of a mean reversion towards the MA.