Hello PSEi 3,000 !!! Our PSEi broke out yesterday, and today it made a follow through kick above the psychological 3,000 level. My personal target is 3,200 for this current break-out.

Looking again at the contributors : TEL 20pts, PX 12pts, AC 10pts, ALI 8pts; curiously so, these 4 index heavyweights added up together is worth the 50pts advance we did today.

But looking at today’s advance, it seemed to me that today’s rally is quite broad based. This page can’t even fit what stocks moved today.

From ISM to AJO to PA  to CPM to MEG to AGI, I don’t know even where to start as I may have in the process missed a stock or two.

But one thing stood out today, JAP stocks are IN !!! I remember now those GEO/MIC/NI days circa 2006.. Oh, those were indeed happy times.. Happy times are back again, and if you don’t know where to go, just ask JAP for directions. BTW, JAP stocks are as follows, and were branded as the MAGNIFICENT SEVEN by JAP himself—
GEO/ MIC/ NI/ LIHC/ ACR/ SPH/ TUNA.

Congrats to all those who were able to make money, but as I have said mining to me is a bit extended, and maybe vulnerable to a mini correction of sorts. If you happen to be able to buy at the lows, THEN just keep your profits running., but to just go in at this time, hmmmm, well I personally wouldn’t do that.

Happy hunting as always everyone!!!

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