Top Ten Smart Money Moves – April 6, 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 6, 2018 Data)
Total Traded Value – PhP 7.585 Billion – Low
Advances Declines – (Ideal is 2:1) 130 Declines vs. 80 Advances = 1.63:1 Neutral
Total Foreign Buying PhP 4.252 Billion
Total Foreign Selling – (PhP 4.735) Billion
Net Foreign Buying (Selling) (PhP 0.483) Billion – 2nd 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 to continue struggle amid lack of fresh leads
April 9, 2018 | 5:22 pm
WHILE TRADERS turn to inflation figures of the United States and its heating trade tension with China, the main index is expected to struggle to breach the 8,100 mark this week amid the lack of fresh leads.
The local bellwether Philippine Stock Exchange index (PSEi) dropped 0.95% or 76.5 points to 7,945.66 points on Friday. Week on week, it slid 0.42% amid heightening tensions between the US and China.
Value turnover stood at P7.58 billion last week, while net foreign selling was logged at P1.5 billion.
For this week, investors will focus on US reports and developments between Washington and Beijing.
“Investors are anticipating the release of the core inflation report in the US on April 11,” Timson Securities, Inc. equity trader Jervin S. de Celis said in a mobile message on Monday.
An uptick in inflation in March might be taken by the markets as indicative of stronger and stable US economic growth and will signal that the US Federal Reserve will raise borrowing rates a few more times this year. About three hikes are expected.
In his first speech as Fed Chairman delivered last week, Jerome H. Powell expressed optimism on a robust US economy, also noting that tightening monetary policy in a gradual pace will be necessary.
Rate hikes will result in heavier foreign selling of local equities as investors transfer their funds to US treasuries due to attractive rates.
“I think that aside from the pessimism that the trade wars are causing the world markets right now, we should keep our eyes on the US inflation rate report this week as it will be the main catalyst whether or not the FOMC (Federal Open Market Committee) will be more hawkish or dovish in increasing interest rates for the remaining policy meetings this year,” Mr. De Celis added.
For his part, Regina Capital Development Corp. Managing Director Luis A. Limlingan said investors will keep watch over updates on the escalating trade war between the world’s two biggest economies.
“Markets will be taking cues from the latest developments of the trade war to kick off the week,” Mr. Limlingan said in a mobile message today, April 9.
US President Donald J. Trump ordered officials to look into slapping higher tariffs on $100 billion worth of Chinese products. This is on top of the proposal covering $50 billion worth of products that has been elevated to the World Trade Organization.
Current resistance stands at 8,100. For support, Timson Securities’ Mr. De Celis said it remains at 7,800, which might be retested after the index failed to close above resistance level last week.
As local markets were closed for a holiday, other Southeast Asian stock markets inched higher on Monday as a bounceback in US stock futures whetted risk appetite, although heightened trade tensions between the United States and China tempered the gains. — JCL with Reuters
Source: http://bworldonline.com/psei-to-continue-struggle-amid-lack-of-fresh-leads/
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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.
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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.
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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.