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The PSEi has ended in the red w-o-w for the third straight week and closed below its support level of 6,800.

Expect volatility, as participants digest the release of 4Q earnings in the coming days, as well as outlook for most of large-caps this year.

The local bourse traded flat, plunging by -0.09% or -6.18pts to 6,815.91 during the prior session as market participants played tug-of-war.

Sentiment might glide to BSP’s 50bps rate hike move, as well as Wall Street’s overnight descent (DJIA -1.26%, Nasdaq Comp. -1.78%).

Local equities might take its cue from Wall Street’s ascent, mainly on improved retail sales growth for January.

Peeking at the indicators, the RSI is pointing downwards, while the MACD sustained its

Investors would be on the lookout if supply pressure would prevail, ahead of local monetary authorities’ policy meeting this week.

Should the stocks rally in the following trading days, this could be a good time to

The market pulled back anew but has managed to stay above 6,800.

Positive tone may prevail, on investments outcome from PBBM’s state visit in Japan.