Top Ten Smart Money Moves – July 16, 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 16, 2018 Data)
Total Traded Value – PhP 4.277 Billion – Low
Advances Declines – (Ideal is 2:1) 90 Declines vs. 82 Advances = 1.10:1 Neutral
Total Foreign Buying PhP 2.746 Billion
Total Foreign Selling – (PhP 3.025) Billion
Net Foreign Buying (Selling) (PhP 0.279) Billion – 8th 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:
==================================================
Bourse caps four-day rally amid lack of leads
July 16, 2018 | 9:00 pm
By Arra B. Francia, Reporter
EQUITIES slipped on Monday as the market consolidated amid a lack of catalysts.
The bellwether Philippine Stock Exchange index (PSEI) snapped its four-day winning streak Monday, July 16, dropping 29.74 points or 0.4% to end at 7,369.44, while the broader all-shares index gave up 12.29 points or 0.27% to finish at 4,462.60.
“The market is still consolidating and trying to test the 7,400. It’s range-bound between 7,400 and 7,200. So it has to test and trade within that range first, before it tests new highs,” First Metro Investment Corp. Vice-President Cristina S. Ulang said in an interview on the sidelines of the company’s midyear economic briefing in Makati City. “That’s the behavior of the market, it’s just consolidating.”
For Regina Capital Development Corp. Managing Director Luis A. Limlingan, a “[l]ack of catalysts remained the culprit once again, as some investors were profit taking after the release of China GDP (gross domestic product) and renewed fears of an escalating trade war.”
“Value turnover remained weak as there were not enough leads to push the index past the 7,400 resistance,” Mr. Limlingan said in a mobile message.
The PSEi shrugged off gains seen in Wall Street last week, with the Dow Jones Industrial Average climbing 0.38% or 94.52 points to 25,019.41 last Friday.
Most Asian indices also closed lower on Monday, following the release of China’s latest GDP growth figure which came in at 6.7% — meeting market expectations, but still slower than the preceding quarter’s 6.8%.
Back home, the industrial counter was the lone winner among the sectoral indices, gaining 23 points 0.22% to 10,470.73.
Holding firms led losers, shedding 55.20 points or 0.75% to 7,249.75, followed by property’s 23.81-point or 0.65% drop to 3,589.11; mining and oil’s 60.48-point or 0.62% fall to 9,659.65; services’ 2.72-point or 0.19% decline to 1,429.19; and financials’ 1.91-point or 0.10% dip to 1,823.83.
Some 919.84 million issues worth P4.28 billion switched hands, compared to Friday’s 1.49 billion stocks worth P5.46 billion. Decliners outpaced advancers, 90 to 82, while 55 names were unchanged.
Foreigners remained in selling position for the eighth straight trading day, with net selling accelerating to P279.31 million on Monday from Friday’s P37.78 million.
Half of Monday’s 20 most active stocks ended in negative territory, with Ayala Land, Inc. losing 1.46% to P37.10 each; Megawide Construction Corp. falling 1.75% to P19.04; BDO Unibank, Inc. dipping by 0.78% to P127.90 each, while SM Investments Corp. plunged 1.64% to P901 each.
Shares of Metropolitan Bank & Trust Co. were the most actively traded, gaining 0.43% to P69.80 each, after the company clarified that talks of a P400-million branch fraud, as bared in a gossip piece, were false.
Source: http://bworldonline.com/bourse-caps-four-day-rally-amid-lack-of-leads/
=====================================================
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 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)
===================================================
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.