Top Ten Smart Money Moves – February 21, 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 February 21, 2018 Data)
Total Traded Value – PhP 9.526 Billion – Medium
Advances Declines – (Ideal is 2:1) 128 Declines vs. 82 Advances = 1.56:1 Neutral
Total Foreign Buying – PhP 3.857 Billion
Total Foreign Selling – (PhP 4.373) Billion
Net Foreign Buying (Selling) – (PhP 0.516 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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Stocks decline on lingering concerns overseas
February 21, 2018 | 6:45 pm
LOCAL STOCKS plunged on Wednesday, snapping their five-day climb, as the index continued to consolidate.
The 30-company Philippine Stock Exchange index (PSEi) dropped 1.25% or 109.05 points to close at 8,613.65, while the broader all-shares index also gave up 0.14% or 7.62 points today, Wednesday Feb. 21.
“Mainly the red flags coming overseas continue to dampen most markets, including ours. We see more of the yields in the US bond market continue to trek higher, which could translate to immediate rate hikes in the Fed (US Federal Reserve),” First Grade Finance, Inc. President and Managing Director Astrolito Romulo C. del Castillo said in a phone interview today.
Mr. Del Castillo added that oil prices, while dropping at the world market today, are likely to continue to inch higher.
“Again this is inflationary, not only in our own economy, but other economies as well,” he said.
On the domestic front, Mr. Del Castillo said no specific news is driving the market, which indicates that current movements remain to be a part of its consolidation.
Eagle Equities, Inc. President Joseph Y. Roxas also said that the market is still consolidating, noting the lack of news that may have prompted the index’s sudden drop.
Wall Street also ended lower on Tuesday, with the Dow Jones Industrial Average plummeting by 1.01% or 254.63 points to 24,964.75. The S&P 500 index was down 0.58% or 15.96 points to 2,716.26, while the Nasdaq Composite index was flat at 7,234.31, although still losing 0.07% or 5.16 points to 7,234.31.
Back home, four sectoral counters ended on a negative note. Property dropped 1.38% or 54.67 points to 3,903.49, followed by industrials that lost 1.29% or 148.84 points to 11,322.02. Holding firms dipped 1.08% or 96.12 points to 8,766.68, while the financials sub-index was down 1.03% or 23.24 points to 2,218.96.
Meanwhile, the mining and oil and services counters inched up, adding 2.63% or 316.51 points to 12,330.06 and 0.40% or 7.04 points to 1,745.44, respectively.
The market saw some 1.92 billion issues exchange hands for a value turnover of P9.53 billion, higher than the previous session’s turnover of P7.85 billion.
Decliners prevailed for the day at 128 versus the 82 that advanced and the 46 that remained unchanged.
Foreign investors maintained their selling position, widening net outflows to P516.38 million, against Tuesday’s P423.42 million.
“Volatility will remain. Other investors, specially the foreigners, they go to safer dollar investments. But there’s no reason to panic, it’s just consolidation of both markets,” First Grade Finance’s Mr. Del Castillo said.
Meanwhile, most Southeast Asian stock markets rose on Wednesday, tracking broader Asian peers.
Asia shares ex-Japan, which lost 0.20% in early trade, recovered to rise as much as 0.7%. — Arra B. Francia with Reuters
Source: http://bworldonline.com/stocks-decline-lingering-concerns-overseas/
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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 continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:
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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.