Top Ten Smart Money Moves – April 18, 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 18, 2017 Data)
Total Traded Value – PhP 5.047 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 104 Declines vs. 49 Advances = 2.12:1 Bearish
Total Foreign Buying – PhP 2.606 Billion
Total Foreign Selling – (PhP 2.792 Billion)
Net Foreign Buying (Selling) – (PhP 0.186 Billion) – 2nd day of Net Foreign Selling after 9 days of Net Foreign Buying
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:
PSEi ends flat on weak remittances, lack of leads
Posted on April 19, 2017
STOCKS traded flat on Tuesday, as investors digested weak remittance data for February and continued to search for positive leads.
The bellwether index eked out a 0.45-point gain to close at 7,588.98 on Tuesday.
The broader all-shares index also rose 0.14% or 6.34 points to end the day at 4,536.84.
“Locally, lack of catalysts today and weak remittances from [Monday],” Regina Capital Development Corp. Managing Director Luis A. Limlingan said when asked on the local factors that affected yesterday’s trading.
Data released by the Bangko Sentral ng Pilipinas on Monday showed cash remittances from overseas Filipino workers stood at $2.169 billion in February, matching January’s inflows. Still, the month’s total was higher by 3.4% from the $2.098 billion recorded in February 2016.
“Investors are also watching the talks given by the Duterte administration as well as this afternoon for more clues to how government will mobilize,” Mr. Limlingan added, referring to a forum hosted by the country’s economic managers yesterday.
“Philippines traded flat, failing to match their US counterparts, which broke a three-day losing streak ahead of US corporate earnings data this week, due to mounting tension between North Korea and the US,” Mr. Limlingan said.
US stocks bounced back on Monday after the S&P 500 closed the previous session at a two-month low, in a broad rally led by recently beaten-down bank and technology shares.
Overnight, the Dow Jones Industrial Average rose 183.67 points or 0.90% to 20,636.92, the S&P 500 gained 20.06 points or 0.86% to 2,349.01 and the Nasdaq Composite added 51.64 points or 0.89% to 5,856.79.
Four sectoral counters ended in negative territory yesterday, but adjustments were minimal, reflecting the broader market’s movement. Financials fell 0.23% or 4.31 points to 1,873.42; mining and oil slipped 0.14% or 16.95 points to 12,083.21; services declined 0.01% or 0.28 point at 1,598.12, and industrials went down by 1.07 points to close at 11,298.
In contrast, the property and holding firms counters were up, rising 0.21% or 7.20 points to 3,312.21 and 0.14% or 11.31 points to 7,681.95, respectively.
Value turnover climbed to P5.05 billion on Tuesday from the P4.38 billion seen the previous day, with 1.25 billion shares changing hands. Decliners beat advancers, 104 to 87, while 49 issues remained unchanged.
Foreign outflows persisted, with net foreign selling growing to P186.37 million yesterday from Monday’s P109.65 million.
Meanwhile, most Southeast Asian stock markets rose on Tuesday, recovering from recent losses as investors moved past issues about North Korea and looked for triggers from local markets. — A.B. Francia with Reuters
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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: email@example.com Subject: The Responsible Trader – eBook Version.
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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)
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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