Top Ten Smart Money Moves – April 2, 2018
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 2, 2018 Data)
Advances Declines – (Ideal is 2:1) 113 Advances vs. 83 Declines = 1.62:1 Neutral
Total Foreign Buying PhP 2.243 Billion
Total Foreign Selling – (PhP 2.868) Billion
Net Foreign Buying (Selling) (PhP 0.625) Billion – 8th day of Net Foreign Selling after a day 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
Top Ten Gainers and Losers
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
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PHL shares trek higher amid thin trading volume
April 2, 2018 | 6:45 pm
STOCKS OPENED the second quarter on a positive note, trekking higher on the back of positive economic data from the United States amid thinner trading.
The 30-member Philippine Stock Exchange index (PSEi) rose 0.74% or 59.62 points to finish at 8,039.45 on Monday.
The broader all-shares index likewise climbed 0.59% or 28.99 points to 4,869.55.
“It was up after the economic data coming out from the US on consumer spending. It was lower than the estimate, thereby resulting in the US treasury yields going down to lower than 2.75%. This is indicative that aggressive rates increase by the US Fed (Federal Reserve) is still far-fetched,” Diversified Securities, Inc. equities trader Aniceto K. Pangan said by phone.
Mr. Pangan noted that easing concerns over higher interest rates in the US will create positive sentiment in emerging markets such as the Philippines.
Four sectoral indices moved to positive territory, led by holding firms, which posted a 1.61% or 126.78-point climb to 7,965.87. The mining and oil counter jumped 1.49% or 162.58 points to 11,049.51; property gained 0.96% or 35.12 points to 3,681.97; while industrials added 0.39% or 44.72 points to 11,474.37.
On the other hand, services dropped 0.34% or 5.68 points to 1,666.14 and financials gave up 0.33% or 6.97 points to 2,082.70.
Some 1.59 billion issues valued at P4.55 billion switched hands, significantly lower than the P7.82-billion turnover in the previous session.
Analysts attributed the day’s thin trading to the absence of investors who are only just returning from the Lenten break.
“Some regional markets remained closed as well, limiting the cues to trade with,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a phone message.
Advancers prevailed for the day at 131 against 81 that declined and 36 that closed flat. Net foreign outflows dropped to P625.30 million on Monday, lower than the P1.12 billion seen the previous session.
Twelve of the 20 most actively traded stocks saw gains, with Now Corp. soaring 12.33% to P9.20 each. MRC Allied Corp. also gained 6.9% to 62 centavos each, while SM Investments Corp. added 3.05% to P945 each.
The PSEi defied performances of some regional markets, which succumbed to losses due to muted trading during the Easter holiday.
Wall Street on the other hand finished strong last week, with the Dow Jones Industrial Average picking up 1.07% to 24,103.11. The S&P 500 gained 1.38% to 2,640.87, while the Nasdaq Composite index inched up 1.64% to 7,063.45.
Asked for an outlook for the second quarter, Mr. Pangan said the index will continue consolidating.
“The second quarter is still on consolidation until we get the start of the earnings for the first quarter. Whatever the results are will definitely give us a sense of how the market will perform from there,” he said. — Arra B. Francia
Source: http://bworldonline.com/phl-shares-trek-higher-amid-thin-trading-volume/
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In line with our VISION, A RESPONSIBLE IN EVERY FILIPINOS HOME, 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/. For those interested in the hard copy, please send email to: ninjatrader919@gmail.com Subject: The Responsible Trader – Hard Copy.
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: ninjatrader19@gmail.com Subject: The Responsible Trader – eBook Version.
The book can also be ordered online through our publisher, Central Book Supply. Just go to: http://central.com.ph/bookstoreplus then click Search – The Responsible Trader.
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)
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Good luck on all your TRADES today.
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.
Starting with August 11, 2017 data we are including the Top Ten Gainers and Losers for a more comprehensive coverage of significant stock movements during the day.