Market Outlook

Expect volatility as participants assess regulators’ prime moves to isolate & address the capital-raising issue that has weighed on Silicon Valley Bank (SVB) Financial Group.

Will the bulls once again defend this area? The PSEI is now heading back towards its MA 100 support with MACD on a prolonged bearishness.

The bears continued to dominate last week with the PSEi closing below 6,600 anew.

The PSEI is now heading back towards its MA 100 support with MACD on a prolonged bearishness.

Local equities might be on weaker trail, as sentiment glides to Wall Street’s overnight drop (DJIA -1.66%, Nasdaq Comp. -2.05%).

Local sessions might test higher planes, with macro headlines being factored into prices. The focus would be on

The PSEI opened this month with bulls being able to defend 6,600 levels! This could mean that

Market participants will weigh if sentiment would glide more to prospects for faster Fed rate hikes against tamer inflation results for February at home.

Focus will be on Friday’s inflation, and sequel measures that will be taken by the local central bank on its monetary policies.

March starts with the bulls holding well in 6,600. MAs are still mixed with weak attempts to raise prices up above 6,600.

Sessions may advance, taking its lead from Wall Street’s overnight incline Friday (DJIA +1.17%, Nasdaq Comp. +1.97%).

The PSEi closed below the 6,600 level earlier last week, forming a lower low.

This week would be interesting to watch as the index has been forming doji candles for two days now which could mean either a consolidation or a big downside if price cannot still go above the MA 260.

Select sectors might be in focus, specifically leisure/gaming bets, given BLOOM’s earnings results.

Expect volatility to prevail, ahead of the release of February’s inflation data.