Top Ten Smart Money Moves – February 7, 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 7, 2018 Data)
Total Traded Value – PhP 9.082 Billion – Medium
Advances Declines – (Ideal is 2:1) 127 Advances vs. 82 Declines = 1.55:1 Neutral
Total Foreign Buying – PhP 4.168 Billion
Total Foreign Selling – (PhP 4.767) Billion
Net Foreign Buying (Selling) – (PhP 0.599) Billion – 9th 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:
Shares rebound as rout eases valuation concerns
February 7, 2018
LOCAL SHARES bounced back on Wednesday along with the recovery of international markets, as the index’s steep decline from the 9,000 level brought back valuations to an acceptable level.
The 30-company Philippine Stock Exchange index (PSEi) ended its three-day losing streak yesterday, firming up 1.37% or 117.14 points to 8,667.56. The broader all-shares index also closed 1.15% or 58.17 points higher at 5,086.08.
“The local market took cue from the rebound of US stocks overnight coupled with the overdone decline of the local market over the past six days that brought down the leading relative valuation levels to more reasonable levels,” PCCI Securities Brokers Corp. Research Head Joseph James F. Lago said in an e-mail.
After losing more than a thousand points on Monday, the Dow Jones Industrial Average regained its losses by jumping 2.33% or 567.02 points to close at 24,912.77. The S&P 500 index saw a 1.74% uptick to 2,695.14 as well, with the Nasdaq Composite Index rising 2.13% to 7,115.88.
Meanwhile, Regina Development Corp. Managing Director Luis A. Limlingan said he expects the Bangko Sentral ng Pilipinas (BSP) to increase rates soon as the economy starts to feel the effects of the Tax Reform for Acceleration and Inclusion law, as January headline inflation coming in at 4%.
“Significant drivers were the surge in prices of alcoholic beverage and tobacco from 6.4% in December to 12.3% in January, food and non-alcoholic beverage from 3.5% to 4.5% in January, and restaurants and miscellaneous goods/services from 3% to 3.7%,” Mr. Limlingan said in a mobile phone message.
“Should the next month see no signs of cooling off, we’re inclined to expect the BSP to begin hiking rates in March, not even ruling out the possibility of one this Thursday,” he added.
Sectoral indices moved to positive territory, led by the industrials counter, which advanced 2.11% or 243.68 points to 11,757.26. Services followed, going up 1.71% or 28.89 points to 1,714.65; financials climbed 1.49% or 32.55 points to 2,212.46; property rose 1.36% or 52.83 points to 3,912.43; mining and oil added 1.25% or 144.40 points to 11,653.78; and holding firms increased 0.75% or 65.51 points to 8,755.12.
PCCI Securities’ Mr. Lago noted that the start of the release of earnings reports also contributed to the market’s rise on Wednesday.
“The initial stream of full year 2017 earnings reports while mixed were also encouraging. The slowing down of foreign portfolio selling today also was a factor which also helped the peso recover vis-à-vis the dollar,” he said.
The market saw some 1.28 billion issues switch hands, valued at P9.08 billion, lower than Tuesday’s P10.42-billion value turnover.
Advancers trumped decliners, 127 to 82, while 47 issues ended flat.
Foreigners remained sellers for the ninth day, as net foreign selling stood at P598.98 million, although lower than the P1.44-billion net outflow recorded on Tuesday. — Arra B. Francia
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: firstname.lastname@example.org 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: email@example.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:
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.
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)
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.