Top Ten Smart Money Moves – April 10, 2017
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 April 10, 2017 Data)
Total Traded Value – PhP 6.068 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 101 Advances vs. 88 Declines = 1.15:1 Neutral
Total Foreign Buying – PhP 3.289 Billion
Total Foreign Selling – (PhP 2.822 Billion)
Net Foreign Buying (Selling) – PhP 0.467 Billion – 7th day of Net Foreign Buying after 2 days of Net Foreign Selling
Data from the Philippine Stock Exchange
Screenshot courtesy of: www.pse.com.ph
PSE HEAT MAP
Screenshot courtesy of PSEGET
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:
PSE index extends gains to hit six-month high
Posted on April 11, 2017
THE MAIN INDEX breached the 7,600 mark on Monday for the first time in six months, as the market continued its upward rally with developments abroad calming down.
The Philippine Stock Exchange index (PSEi) rose 0.45% or 34.16 points to close at 7,617.91 on Monday, its best finish since ending at 7,609.31 last Oct. 24, 2016.
The all-shares index likewise climbed by 0.39% or 17.45 points up to start the week at 4,541.61.
“The market extended gains from last week. This was boosted by positive sentiments from Wall Street,” RCBC Securities analyst Jeremy G. Yumul said in a telephone interview.
Wall Street’s three major indexes edged lower on Friday in a choppy session as investors grappled with a weaker-than-expected job report, the US airstrike in Syria and a top Federal Reserve official’s comments on trimming the US central bank’s balance sheet.
The Dow Jones Industrial Average was down 6.85 points or 0.03% at 20,656.10, the S&P 500 lost 1.95 points or 0.08% to 2,355.54 and the Nasdaq Composite dropped 1.14 points or 0.02% to 5,877.81.
Traders were cautious last week as US President Donald J. Trump ordered his military to launch 59 missiles in Syria, following the chemical gas leak that reportedly killed around 70 and left hundreds more injured.
“Philippine market traded with an upward bias while US stocks ended a wild roller coaster of events last Friday before closing more or less unchanged as investors juggled implications of the US air strike against Syria, a mixed/disappointing — albeit weather-impacted — March jobs report and commentary on the Fed’s balance sheet trimming strategy,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said.
All sectoral counters posted gains, with property leading with a 1.12% or 37.24-point increase to 3,347.64, followed by services which rose 1.06% or 17.01 points to 1,608.41. The remaining counters showed increases of less than 1%: industrial went up by 0.64% or 71.55 points to 11,219.66; mining and oil rose 0.34% or 41.62 points to 12,139.59; financials added 0.01% or 0.32 point to 1,899.22; and holding firms ticked up by 0.01% or 0.97 point to 7,657.49.
Advancers beat decliners, 101 to 88, as 50 closed unchanged.
A total of 1.48 billion issues changed hands valued at P6.07 billion, down from Friday’s turnover of P9.74 billion. Net foreign buying settled at P466.66 million, down from the previous session’s net purchases worth P1.55 billion.
“Given the day’s volume, in general, today’s gains are not as pronounced as compared to last week,” RCBC’s Mr. Yumul said on Monday.
The bellwether PSEi is expected to continue its upward trend within the range of 7,500 to 7,667, the analyst said, “[a]ssuming no major developments happen.”
“There might be a shock if there are developments given the events between US and Syria,” Mr. Yumul added. — Arra B. Francia with Reuters
We aim to continue promoting financial literacy on the area of stock market trading and investing to our countrymen both here and abroad through the following:
1. The Book: “The Responsible Trader – a Thinking Person’s Guide for Trading the Philippine Stock Market” now earned the name “The Bible of Philippine Trading.” You can download Chapter 1, Section 1 of the book here: http://theresponsibletrader.com/the-responsible-trader-hope-for-trading-knowledge-test/.
As requested by those abroad and those who want the book in digital form, we have produced an eBook version. For those interested please send email to: firstname.lastname@example.org Subject: The Responsible Trader – eBook Version.
2. The Website: :http://www.theresponsibletrader.com where we publish our daily newsletter Top Ten Smart Money Moves, Stock Trading Lessons, and Inspirational Materials. (FREE)
3. The YouTube Channel: https://www.youtube.com/theresponsibletrader – where you can learn the course “Master’s Certificate in Technical Analysis” which was simplified in an easily understood manner. You can download these videos and learn them at your own convenient time. (FREE)
4. My Slideshare: http://www.slideshare.net/TheResponsibleTrader – where you can view and download copy of the Powerpoint Presentation of my TRT-POV (The Responsible Trader’s Point of View) of the videos posted in our Youtube Channel. (FREE)
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
NOTES: 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 PhP 8 Billion b. Medium – Total Traded Value Php 8 Billion but not more than P15 Billion c. High – Total Traded Value more than Php 15 Billion