Top Ten Smart Money Moves – July 12, 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 July 12, 2018 Data)
Total Traded Value – PhP 5.532 Billion – Low
Advances Declines – (Ideal is 2:1) 106 Declines vs. 84 Advances = 1.26:1 Neutral
Total Foreign Buying PhP 2.747 Billion
Total Foreign Selling – (PhP 3.009) Billion
Net Foreign Buying (Selling) (PhP 0.262) Billion – 6th day of Net Foreign Selling after a day of Net Foreign Buying
Data from the Philippine Stock Exchange
Screenshot courtesy of 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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Shares inch up amid escalating US-China tensions
July 12, 2018 | 9:00 pm
SHARES closed a tad higher on Thursday, with no new leads to draw investors back to the market.
The 30-member Philippine Stock Exchange index (PSEi) added 0.23% or 16.85 points to close at 7,350.58.
The broader all-shares index also went up 0.16% or 7.19 points to 4,455.20.
The PSEi managed to defy Wall Street’s negative performance overnight, in response to rising trade tensions between the United States and China.
“The Philippine markets continue to be perceived as a safe haven when US stocks fell sharply after the Trump administration announced new tariffs on Chinese goods, further escalation tensions between the two economies in the world, which some investors fear could morph into a full-on trade war,” Regina Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
Mr. Limlingan earlier said that investors see the PSEi as a less volatile market since it is a net importer.
The Dow Jones Industrial Average dropped 0.88% or 219.21 points to 24,700.45, while the S&P 500 index shed 0.71% or 19.82 points to 2,774.02. The Nasdaq Composite index slipped 0.55% or 42.59 points to 7,716.61.
US President Donald J. Trump released earlier this week a fresh round of tariffs for $200 billion worth of Chinese goods, which now covers around 10,000 products. Mr. Trump said he’s prepared to slap tariffs on another $200 billion in goods in the future.
Meanwhile, most Asian markets closed higher on Thursday, mounting a recovery from the initial shock after Mr. Trump’s announcement on the new tariffs. MSCI’s index of shares in Asia Pacific excluding Japan went up 0.53% during afternoon trading.
Locally, four sectoral indices ended in positive territory, led by financials which jumped 0.97% or 17.57 points to 1,824.08. Industrials followed with a 0.74% uptick of 76.89 points to 10,390.30. Holding firms climbed 0.33% or 24.42 points to 7,248.80, while services went up 0.03% or 0.55 point to 1,432.98.
Meanwhile, property lost 0.53% or 19.19 points to 3,582.08 and the mining and oil counter gave up 0.28% or 27.17 points to 9,681.06.
Even as the main index advanced, decliners still outpaced gainers, 106 to 84, while 46 issues remained unchanged.
The market saw some 2.13 billion issues switch hands valued at P5.53 billion, higher than Wednesday’s P5.16-billion turnover.
“While the PSEi ended above its recent high, it might be too soon to be overly optimistic as the index still closed at practically the same level. Volume was also light at only P5.5B — a clear breakout would need a large accompanying volume,” Papa Securities Corp. trader Gabriel Jose F. Perez said in an e-mail.
Foreign investors accelerated their selling, with net foreign outflows climbing P262.82 million from the P85.69 million recorded in the previous session. — Arra B. Francia
Source: http://bworldonline.com/shares-inch-up-amid-escalating-us-china-tensions/
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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.
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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.