Top Ten Smart Money Moves – Apr. 19, 2016
Top Ten Smart Money Moves, starting January 2015, is the official trading newsletter of The Responsible Trader to promote his advocacy, Responsible Trading. This newsletter contains the previous day’s data from PSE, the Top Ten Foreign Buying and Selling, Top Ten in Total Traded Value, including Trading Notes based on the data of the previous day. This newsletter is given free to all the friends of The Responsible Trader and to members of the Facebook group and the other organizations where he is a member. For the previous issue where complete details about the newsletter was fully discussed, please refer to: Daily Top Tens October 17, 2014.
Trading Notes for Today – (Based on Apr. 19, 2016 Data)
Total Traded Value – PhP 6.697 Billion – Low
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 99 Declines vs. 86 Advances = 1.15:1 Neutral
Total Foreign Buying – PhP 3.070 Billion
Total Foreign Selling – (Php 3.777) Billion
Net Foreign Buying (Selling) – (Php 0.707) Billion – 1st day of Net Foreign Selling after a day of Net Foreign Buying
Data from the Philippine Stock Exchange‘
Screenshot courtesy of: www.bookaka.com
PSE Heat Map
Screenshot courtesy of: PSEGET Software
Top Ten Foreign Buying and Selling
Top Ten in Total Traded Value
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
Posted on April 19, 2016 07:40:00 PM
By Daphne J. Magturo, Reporter
PSEi extends slump as investors search for leads
LOCAL shares declined for a third straight session as investors remained on the sidelines amid the lack of major catalysts at home.
The Philippine Stock Exchange index (PSEi) erased 28.31 points or 0.39% to end Tuesday trading at 7,215.09.
The broader all-shares index also shed 0.77 point or 0.01% to settle at 4,271.42.
“We went contrary to other markets. Despite the US closing higher, with the Dow Jones [Industrial Average] up by more than 106 points, there was a sell-off due to the lack of any market-moving activity locally,” Luis A. Limlingan, business development head at Regina Capital Development Corp., said in a telephone interview after trading hours.
“For today, it’s just a technical correction since our market has already rallied about 20% since the low seen in January,” Lexter L. Azurin, head of research at Unicapital Securities, Inc., said in a separate phone interview on Tuesday.
“Valuations are already at roughly above historical averages, so in a way, the market took a breather for now,” he added.
Four out of six domestic subindices were in the red at the closing bell, with property leading losers after dropping 17.27 points or 0.58% to 2,935.67.
Holding firms declined by 32.49 points or 0.45% to 7,157.58; financials skidded by 7.48 points or 0.46% to 1,612.99; and industrials dipped by 4.30 points or 0.03% to 11,726.07.
In contrast, the mining and oil sector surged by 82 points or 0.77% to 10,685.33; while services gained 6.08 points or 0.39% to 1,532.31.
Tuesday’s major decliners were property giant Ayala Land, Inc. as well as conglomerates JG Summit Holdings, Inc. and GT Capital Holdings, Inc.
“Those three stocks accounted for 23 points of the decline [yesterday],” Unicapital’s Mr. Azurin said.
Value turnover improved to P6.70 billion yesterday after 4.73 billion shares changed hands, from the P5.31 billion logged on Monday.
Foreign investors returned to selling mode, with net outflow amounting to P706.66 million — a turnaround from the P186.46 million net foreign buying recorded in the preceding session.
Losers edged out advancers, 99 to 86, while 52 names were flat.
“The market is awaiting decisions from the US Fed meeting and some investors are already anticipating results for the first quarter,” Unicapital’s Mr. Azurin said, referring to the US Federal Reserve, which meets to review policy on April 26-27.
Long-term investors are now on a wait-and-see mode as they await the outcome of the elections, he said, citing the low trading volume over the past few days.
“As long as the 7,200 level holds, there is still potential for the market to close up. But it could go down to 7,150 if it fails to sustain it,” added Regina Capital’s Mr. Limlingan.
DISCLAIMER There is a very high degree of risk involved in TRADING. Past results are not indicative of future returns. Nothing contained in this newsletter constitutes a solicitation, recommendation, PROMOTION or endorsement of any security. In accordance with the Responsible TRADER’s Creed: I will never tell and you take full responsibility for all your TRADING results
Please take note of the following changes effective August 6, 2015:
1. Caption Market Breadth has been changed to Total Traded Value to simplify the presentation.
2. Market Breadth is expressed in terms of Number of Advances and Declines. Expressing this as a Ratio by using the larger number as Numerator we derive the Market Sentiment whether Bullish or Bearish.
3. Based on Past three-year data of Average Total Traded Values, following classifications will be used to make the presentation more relevant to present times. a. Low – Total Traded Value less than P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion