Philippine Market (PSE): Avoid
Quarterly GDP Growth was below expectations at 5.2% .
Next stop: 5740
This was the lowest since September 2022. Will it get lower?
US Market (S&P500): Due for Correction
US market remains resilient, no major drops yet in the index. This is despite the recent news about DeepSeek AI (Chinese AI startup) being able to create a cheaper yet reliable AI model. It did impact tech companies particularly Nvidia. While it is trading within a range, we might be looking at lower highs in the coming weeks.
Cryptocurrency Market (BTC, ADA, XRP)
BTC failed to breakout from the channel last week and now resting above the kumo line.
I've misread ADA's movement last week thinking that the EMA cross was for upward motion. It was fluctuating much that I did not notice an earlier cross which should've pointed out that the latest one is for downward motion. Now, it's resting at the lower end of the channel.
XRP
Sitting at the lower end of the channel as well.
Another Wait and See Mode. In other words, do nothing for now.
This is not financial advise. I use this as my trading journal/notes for ongoing reference for the succeeding week. The above technical analysis (charts) are just used for guidance while studying market behavior and trying my hand on market timing. Please Do Your Own Research (DYOR).