Top Ten Smart Money Moves – January 16, 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 January 16, 2017 Data)
Total Traded Value – PhP 4.472 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 94 Declines vs. 94 Advances = 1.0:1 Perfectly Neutral – second time this year
Total Foreign Buying – PhP 1.693 Billion
Total Foreign Selling – (PhP 1.941 Billion)
Net Foreign Buying (Selling) – (PhP 0.248) Billion – 2nd day of Net Foreign Selling after 10 days 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 ends flat on renewed concerns over ‘Brexit’
Posted on January 17, 2017
THE MAIN INDEX failed to break out of negative territory, as reports about the United Kingdom pursuing its exit from the European Union (EU) triggered a sell-off in markets across the region.
The Philippine Stock Exchange index (PSEi) closed at 7,238.45 on Monday — just 0.07 point below its 7,238.52 finish on Friday — after investors shifted to a selling position in the afternoon session.
The broader all shares index, on the other hand, managed to remain in the green toward the closing bell. The measure settled 4.04 points or 0.09% higher at 4,364.87.
“The PSEi fell flat after being up most of the day as investors were waiting for the biggest market in the US to resume due to the extended holiday (Martin Luther King Day),” Luis A. Limlingan, head of business development at Regina Capital Development Corp., said in a mobile phone message.
“In addition, some late sell-off was triggered by the pound falling against the dollar, dropping below $1.20 for the first time since October’s flash crash, after reports said UK Prime Minister Theresa May will signal plans to quit the EU single market to regain control of Britain’s borders and laws.”
Most sectors posted losses, with the industrials sub-index shedding 77.44 points or 0.69% to 11,128.38. Financials also declined by 10.56 points or 0.60% to 1,737.06; services by 5.52 points or 0.39% to 1,381.49; and mining and oil by 28.24 points or 0.23% to 12,210.02.
The property and holding firms counters bucked the descent, closing higher by 41.66 points or 1.28% to 3,293.33 and 9.05 points or 0.12% to 7,382.65, respectively.
Aside from renewed concerns over the possible impact of Britain’s separation from the EU, investors took into account the retail sales report from the US and the annual exports data from China last Friday, Mr. Limlingan said.
Retail sales in the US increased 0.6% in December, driven by stronger demand for motor vehicles. The improvement reflects a boost in consumer confidence after the US election, Mr. Limlingan noted.
Meanwhile, exports from China dropped for the second consecutive time in 2016. The reading posted a 7.7% decline — the worst since the global crisis in 2009 — raising concerns about the economy’s health.
Value turnover further declined to P4.47 billion after 3.19 billion issues exchanged hands, from the P5.37 billion registered last Friday. Advancers and decliners were even at 94, while 46 issues were unchanged.
Foreign investors extended their net selling position to a second day, withdrawing P247.65 million more than what they channeled to the market. This adds to the P340.39 million net foreign sales booked in the previous session.
The market is expected to witness thin trades, as some investors prefer to wait on the sidelines ahead of the inauguration of billionaire Donald J. Trump as the 45th president of the United States on Jan. 20, according to 2TradeAsia.com. — Keith Richard D. Mariano
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)
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