Top Ten Smart Money Moves – February 17, 2017
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 February 17, 2017 Data)
Total Traded Value – PhP 6.986 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 99 Declines vs.113 Advances = 1.06:1 Neutral
Total Foreign Buying – PhP 3.651 Billion
Total Foreign Selling – (PhP 3.698 Billion)
Net Foreign Buying (Selling) – (PhP 0.047) Billion – 1st 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:
Stocks likely to climb on bullish earnings outlook
Posted on February 20, 2017
THE Philippine Stock Exchange index (PSEi) is expected to post some improvement this week as technical indicators are showing some strength, some analysts said.
“There is a chance that the PSEi may break the 7,300-resistance line,” said Justino B. Calaycay, Jr., head of marketing and research at A&A Securities, Inc. in a market outlook.
He said the advance-decline line (ADL) levels over the two previous peaks “show an improvement in the latter indicating some degree of strength, or at least, resilience.”
“A few of the ‘majors’ have released fourth-quarter numbers and it has been more than decent,” he added.
The PSEi finished last week at 7,244.79, posting a rise of 0.13% from its 7,235.21 close last Feb. 10. Over a four-week period, the bellwether index gained 0.17%.
The broader all shares index was also up by 0.17% to 4,388.01 from a week earlier.
In its weekly review, BPI Asset Management said local equities ended marginally higher due to mixed corporate earnings data, citing the reports of Cemex Holdings Philippines, Inc., Bank of the Philippine Islands and Jollibee Foods Corp.
It said the local equities market stayed flat with a marginal increase as investors took in mixed corporate earnings results.
“On the other hand, the local fixed income market closed lower as investors priced in hawkish statements from the US Fed and strong economic print from the US,” it said.
“Global equities continued to outperform as optimism towards the US economy was amplified by Fed[eral Reserve] Chair [Janet L.] Yellen’s comments. In contrast, international bonds suffered from losses due expectations of rising interest rates after Yellen gave her congressional speech,” it said.
Ms. Yellen noted in her speech on Tuesday night that regulators may need to lift interest rates anew in their March 13-14 policy meeting as delaying the move could bring the Fed “behind the curve” and cause them to increase rates faster that would lead to a recession.
The US central bank also noted that they expect the US job market to remain robust and continue tightening as well as US inflation climbing to 2%.
However, Ms. Yellen noted uncertainties of the economic policies under US President Donald J. Trump’s administration.
On a sectoral comparison, financials led the gainers as it rose by 1.46% week on week to 1,793.86.
“The benchmarks for financial and conglomerates rose last week. Those for mining and oil, industrials and services fell. The property sector closed the week flat,” said Mr. Calaycay. “Short-term value flows remains relatively weak and below the average, however. There could be some short-term action and opportunities in the [financial] sector.”
Foreigners remained net sellers during the Feb. 13-17 week at P760.29 million, but lower than previous week’s P1.74 billion. — V.V. Saulon
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/.
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: firstname.lastname@example.org Subject: The Responsible Trader – eBook Version.
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 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