Top Ten Smart Money Moves – August 25, 2016
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 August 25, 2016 Data)
Total Traded Value – PhP 7.459 Billion – Low
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 98 Advances vs. 97 Declines = 1.01:1 Neutral
Total Foreign Buying – PhP 3.301 Billion
Total Foreign Selling – (PhP 4.359) Billion
Net Foreign Buying (Selling) (PhP 1.058) Billion – 3rd day of 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
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
PSEi dives further below 7,900 as selling persists
Posted on August 26, 2016
PHILIPPINE shares lost for a third straight day, pulling the Philippine Stock Exchange Index (PSEi) further away from 7,900 territory amid investor caution over where US interest rates are headed.
Federal Reserve chief Janet L. Yellen is due to speak today before the annual Jackson Hole symposium, the culmination of a week when Philippine financial markets stayed quiet as investors await signals on further monetary tightening by the US central bank.
The PSEi gave up 11.59 points or 0.15% to close at 7,854.54. In contrast, the all-shares index inched up by 1.16 points or 0.03% to 4,663.79. Four of the six sectoral indices finished lower.
“If we fall below the recent low 7,850, we can test the next support at 7,6850 to 7,350,” said Nisha S. Alicer, chief equity analyst at DA Market Securities, Inc., referring to the PSEi.
She also said the “dip” of the main index would be an opportunity to buy stocks.
2TradeAsia.com expected the market yesterday to move in step with Wall Street’s overnight performance “as no major news are expected to boost market sentiment for the day” ahead of Ms. Yellen’s speech.
Asian stocks edged higher on Thursday but clung to recent well-worn trading ranges while the dollar held firm against regional currencies before that global central bankers’ meeting.
Market expectations have increased that Ms. Yellen might indicate a clearer time frame for the next U.S. rate hike after strong housing data this week and hawkish comments by other Fed officials, but many analysts expect her to strike a more neutral stance.
2TradeAsia.com said the “sideways to down bias may also be rooted on the repercussions of the recent adjustments in the indices and the imposition of new tax proposals as some are still digesting the overall impact of these in their portfolios.”
URC finished unchanged at P179.50 after it was dragged down the other day by news that it was facing an excise tax on sweetened beverages by January 2017, with a yearly 4% increase, Ms. Alicer earlier said.
The online arm of F. Yap Securities, Inc. suggested to trade within a range, and expected support at 7,830 and resistance at 7,930.
The market’s trading value dropped to P7.46 billion from P9.97 billion, while advancers slightly edged out decliners at 98 to 97, with 44 issues closing unchanged.
Foreign selling again outpaced buying, resulting in a net selling of P1.06 billion worth of shares, or lower than the previous day’s P1.49 billion.
The services sector was the biggest gainer among the sectoral indices as it gained 20.64 points or 1.32% to close at 1,579.27. Industrial stocks also finished higher by 46.38 points or 0.39% to 11,877.74.
Financials, holding firms, mining and oil, and property retreated by 0.52%, 0.21%, 0.60% and 0.49%, respectively. — VVS
THANK YOU VERY MUCH FOR YOUR SUPPORT! WE MADE IT TO THE TOP FIVE
Voting for the Angat Pilipinas Coalition for Financial Literacy Polls ended last night and we are glad to inform you that with your support, we were able to make it to the Top 5 in our Category – “Influential Author or the Year.” Apart from the online polls, there will still be judging of the Top 5 nominees for each category with most number of votes. The judges will come from three different independent institutions.
We would like to thank you for your Support. Win or Lose, we did our Best and that is the most important thing. More than the votes we received a lot of encouragement and these keep us going in our advocacy: Responsible Trading.
Again, from me and The Responsible Trader_com: Maraming salamat po sa inyong walang sawang pagtangkilik at umaasa kami ng mas maganda pang samahan ngayon, bukas at magpakailanman.
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/
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)
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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 P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion