Top Ten Smart Money Moves – Feb. 23, 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 Feb.23, 2016 Data)
Total Traded Value – PhP 12.563 Billion – High (Boosted by Block Sales of SCC PhP4.327 Billion and STR PhP3.352 Billion)
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 107 Advances vs. 69 Declines = 1.55:1 Neutral
Total Foreign Buying – PhP 2.722 Billion
Total Foreign Selling – (Php 2.672) Billion
Net Foreign Buying (Selling) – Php 0.050 Billion – 1st day of Net Foreign Buying after a day of Net Foreign Selling
Data from the Philippine Stock Exchange
Screenshot courtesy of: www.pse.com.ph
PSE Heat Map
Screenshot courtesy of: PSEGET Software
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:
Posted on February 23, 2016 07:41:00 PM
By Krista A. M. Montealegre, Senior Reporter
PSEi returns above 6,800 on corporate earnings
THE BENCHMARK Philippine Stock Exchange index (PSEi) returned above the 6,800 line yesterday, buoyed by domestic earnings results and overnight gains in Wall Street, but analysts warned that a pullback may be imminent amid persisting uncertainties.
The bellwether PSEi added 36.26 points or 0.53% to close at 6,819.34.
The wider all-shares index advanced 14.32 points or 0.36% to close at 3,926.21.
“Earnings are beginning to make an impact on individual counters and this should further intensify in the coming days and weeks. The release of fourth-quarter 2015 figures should provide some positive distraction to the market from pervasive negativity that greeted trades this year,” Justino B. Calaycay, Jr., head of marketing and research at A & A Securities, Inc., said in a report.
Local stocks moved in tandem with Wall Street, as key US major averages rallied more than 1.4% overnight with a recovery in oil prices boosting battered energy stocks.
The Dow Jones industrial average jumped 1.39% to end at 16,620.66 points. The Standard & Poor’s 500 climbed 1.45% to 1,945.5 and the Nasdaq Composite rose 1.47% to 4,570.61.
“What drove the market up was the 6.2% jump in US crude price to close at more than $33 [a barrel], reacting to Friday’s US rig count data which showed the number of oil drilling rigs in operation falling to a December 2009 low,” Luis A. Limlingan, business development head at Regina Capital Development Corp., said in a mobile phone message.
The movement of oil prices have determined the direction of global equities markets this year. Oil prices have been taking a beating on fears of oversupply.
All counters finished in positive territory. Property led the charge with a gain of 48.45 points or 1.79% to 2,749.61.
Likewise, services climbed 5.95 points or 0.38% to 1,545.83; mining and oil rose 37.18 points or 0.35% to 10,636.21; holding firms went up 17.50 points or 0.27% to 6,422.58; industrial inched up 24.99 points or 0.22% to 11,114.66; and financials improved by 2.11 points or 0.13% to 1,527.72.
Value turnover accelerated to P12.56 billion after 1.84 billion shares changed hands, from Monday’s P4.41 billion.
Advancers beat decliners, 107 to 69, while 42 issues were unchanged.
Net foreign selling eased to P49.99 million from P81.85 million the previous day.
The PSEi is poised to test the 6,850 level, but the local barometer may be vulnerable to profit taking, analysts said.
“We continue to warn of the heightened possibility of a sudden pullback as investors remain sensitive to the developments in China, the oil market, Europe, US interest rates and now the emerging concerns of the global economy,” A & A Securities’ Mr. Calaycay said.
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
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