How to trade this market: some support levels to think of

Assuming regular correction only (short to medium term):
-These stocks will correct back to uptrendline, and some of the targets are still pretty far off:

*(newly updated in bold)

TEL 2500

AT – macd crossover sell 01/26/2010. S: 10, 8.90
FPH – macd crossover sell 01/26/2010 s:45.0 (still an uptrend if it hits that), break of 45 = 35
EDC – macd crossover sell on 01/26/2010 s:4.50 (still an uptrend if it hits that), break of 4.50 = 4, 4.05

*note. uptrendline supports slant up diagonally by nature, and time and duration to reach trendline may force price variation.

Already broken their uptrendline: in parenthesis (when broken)

AC (September 2009).  Current support 279. If breaks the downtrend channel, then headed to around 250.  Read more... (313 words, estimated 1:15 mins reading time)

Daily Market Notes December 1, 2009

PSEi      3,097.92         UP     52.95
value php      3,098,071,865.00

DOW    34.92 +0.34% 10,344.84
NASDAQ 6.16 +0.29% 2,144.60
S&P 500 4.14 +0.38% 1,095.63

Wall Street takes on its pre destined rout last Friday, as it trades half the day for Thanksgiving holiday.  While we were sleeping for Bonifacio Day Holiday yesterday, Asia turns positive and continued their rally today, while Europe that was positive last Friday turned sour yesterday.  Wall street was flat yesterday as some early holiday numbers from the National Retail Federation showed that, while there were more shoppers this year, they spent less.

Local value turnover was found wanting again, not the hallmarks needed for newer highs.  Leading the index gainers were ALI 12.50, or 12 pts gain for the psei on 94m nfb.  This was complemented by rallies in other property counters FLI .92, 13M NFB, and MEG 1.46, 12m nfb.    Read more... (273 words, estimated 1:06 mins reading time)