PSE: Bullish Week Rally Ends with a whimper

The market started out sluggish today, as this week's mad rally peaks at a new record high (4,005 points) from yesterday. I bet most traders are still giggly after cashing out what looks like an early 13th month pay out indeed.


Losers took the stage in today's performance (82-L vs 77-W) - volume of 3.81 (Billion) moved across the floor valuing at 6.63 Billion pesos.



As the dust finally settles, I'm curios to find out whether the market can sustain it's "gravity defying" act since the MACD (EMA) indicates a bearish trend is imminent (overbought).