Shares close higher as PLDT advances ahead of results

MANILA, Philippines -- (UPDATE) Shares closed a choppy session higher Friday as optimism about corporate earnings outweighed domestic political concerns, although the thin volumes reflected caution ahead of another anti-government rally later in the day.

*** Still, corporate results may outweigh political woes.

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Banks end-2007 bad loans ratio at 4.45%, lowest in 10 years

MANILA, Philippines -- Banks' non-performing loans ratio dropped to 4.45 percent at the end of 2007, the lowest in about a decade, from 4.99 percent in November, central bank data showed Friday.

***Good news

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EU slaps Microsoft with $1.35 billion fine | Tech news blog - CNET News.com

EU slaps Microsoft with $1.35 billion fine

Posted by Mike Ricciuti | 241 comments

This post was updated several times, most recently at 7:40 a.m. PST, with additional reporting provided by CNET News.com's Dawn Kawamoto.

European Union regulators on Wednesday fined Microsoft a record 899 million euros, or $1.35 billion, for failing to comply with sanctions.The fine specifically addresses sanctions over the pricing structure Microsoft had set for licensing of its interoperability protocols and patents.

EU slaps Microsoft with $1.35 billion fine | Tech news blog - CNET News.com

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Phisix - Where is it going?

It would seem to be turning sideways. But looking at a 5-year view, it would be different:




Based on long term trending, it is clear that the overall market trend is downwards. Bollinger bands (top image, uppermost window) however seems to signal a firming up. This signals a strength that may indicate an uptrend in the short term, given enough fuel that is.Relative Strength Index (RSI) is still in its downtrend. It is also still far from oversold levels (usually pegged at 20). Hence, if it continues in its downtrend, it will go farther down.MACD is still downtrend.Stochastic clearly paints a dismal figure.Technical analysis signals our exit from the market. It remains to consider things from fundamentals side. My whole porftolio was sold way back during the first signal of downtrend, except for Manila Water Corporation (MWC). I think it will also give way this week.