Happy Holidays !
No definite movements from the Local Stock market and the US, asian markets.
Continuous net UP of the DOW Jones helped us managed to extend the holiday gains but near RESISTANCE LEVELS.
MPI looks like a clear breakout from the 3.5 level
The Banks are obviously joining the window dressing period, i had to short some banks due to its straight gains :)
Overall, its a good xmas and holiday to everyone! Good luck to next year and be Thankful that we had a wonderful blessing this year.
Transactions:
Short Term:
Asian Equity (local - ING asia pacific fund)
90%- cash out
10% - equity
PSE Market
Shorted some of the big banks (59.8x and 75.x) and some of the Properties Sector (2.5x and 1.37).
Shorted MPI also, but managed to have a good breakout :)
Medium Term:
Asian Equity (local - ING asia pacific fund)
95% - equity
5% -cash out
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