Top Ten Smart Money Moves – April 3, 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 3, 2018 Data)
Total Traded Value – PhP 6.110 Billion – Low
Advances Declines – (Ideal is 2:1) 104 Declines vs. 98 Advances = 1.06:1 Neutral
Total Foreign Buying PhP 3.311 Billion
Total Foreign Selling – (PhP 3.555) Billion
Net Foreign Buying (Selling) (PhP 0.239) Billion – 9th 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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PSEi inches higher as investors pick up bargains
April 3, 2018 | 6:30 pm
STOCKS INCHED UP on Tuesday, with investors going bargain hunting amid an ongoing trade war between the United States and China.
The bellwether Philippine Stock Exchange index (PSEi) eked out a gain of 0.11% or 9.27 points to finish at 8,048.72.
The broader all-shares index also added 0.04% or 2.35 points to 4,871.90.
“Philippine markets still continued with its bargain hunting as the country was viewed as a safe alternative given the ongoing trade wars… Some portfolio managers share the view that emerging markets such as our country may be a beneficiary to the trade wars,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said.
In response to US President Donald J. Trump’s announcement to impose higher tariffs on Chinese goods coming into the world’s largest economy, China said it will place tariffs of up to 25% on imports of 128 American-made products, including pork and seamless steel pipes.
Wall Street shares plunged on Monday as investors fled technology stocks amid resurgent trade war worries, with key indexes trading below their 200-day moving averages and the S&P 500 closing below that pivotal technical level for the first time since Britain’s vote to leave the European Union in June 2016.
Overnight, the Dow Jones Industrial Average shed 1.9% or 458.92 points to close at 23,644.19. The S&P 500 plunged 2.23% or 58.99 points to 2,581.88, while the Nasdaq Composite index also lost 2.74% or 193.33 points to 6,870.12.
Most Asian indices were also weighed down by the ongoing trade war, closing lower on Tuesday.
Back home, four sectoral indices advanced, while the remaining two declined. Leading gainers was the mining and oil counter, which picked up 1.43% or 158.56 points to 11,208.07. Holding firms rose 1.01% or 80.80 points to 8,046.67; services climbed 0.62% or 10.47 points to 1,676.61, while property was up 0.02% or 0.77 points to 3,682.74.
Meanwhile, the financials counter dropped 1.12% or 23.50 points to 2,059.20, while industrials gave up 0.89% or 103.09 points to 11,371.28.
The market saw some 2.34 billion issues exchange hands for a total value turnover of P6.11 billion. This marks a slight recovery from Monday’s thin trading that resulted in a P4.55-billion turnover.
Analysts have said that the PSEi will continue consolidating this quarter until it establishes a firm base at the 8,000 level.
Decliners beat advancers, 104 to 98, while 45 names were unchanged.
Net foreign outflows slowed to P238.61 million on Tuesday against the net sales of P625.30 million in the previous session.
Nine of the 20 most actively traded stocks ended with gains, with SM Investments Corp. adding 3.17% to P975 each. Globe Telecom, Inc. rallied 2.71% to P1,668 each, while LT Group, Inc. also climbed 1.42% to P20 apiece. — Arra B. Francia with Reuters
Source: http://bworldonline.com/psei-inches-higher-as-investors-pick-up-bargains/
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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.