Top Ten Smart Money Moves – July 20, 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 20, 2018 Data)
Total Traded Value – PhP 3.429 Billion – Low
Advances Declines – (Ideal is 2:1) 96 Advances vs. 93 Declines = 1.03:1 Neutral
Total Foreign Buying PhP 1.468 Billion
Total Foreign Selling – (PhP 1.913) Billion
Net Foreign Buying (Selling) – (PhP 0.445) Billion – 2nd 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 expected to climb as focus turns to SONA
July 23, 2018 | 12:01 am
By Arra B. Francia, Reporter
LOCAL SHARES may move up this week as investors anticipate the president’s state of the nation address (SONA) on Monday.
The benchmark Philippine Stock Exchange index (PSEi) went up 0.15% or 11.74 points to close at 7,399.61 on Friday, staying flat from a week ago with a 0.01% increase.
The property sector’s 1.2% gain and industrials’ 0.82% uptick failed to offset the decrease in holding firms, which gave up 1.83% for the week. Turnover remained thin, dropping by 37% to P3.4 billion on average.
“Gauges turned relatively unchanged during the week, with sessions limited within 7,334-7,459. Activity was light with MOC (market on close)-boost mostly prevalent, ahead of Pres. Duterte’s SONA [this] week,” online brokerage firm 2TradeAsia.com said in a weekly market note.
Analysts are banking on what President Rodrigo R. Duterte will be saying during his third SONA on Monday, where he is expected to deliver a report on his administration’s accomplishments and plans moving forward.
“The president will be giving his state of the nation address on Monday which may give investors the assurance that they have been longing for. This event may turn out to be the catalyst to get investors back into this market,” Eagle Equities, Inc. Research Head Christopher John Mangun said in a market report.
2TradeAsia.com said stock investors will likely focus on the next phase of the tax reform program, especially to changes on corporate taxes, the retention or removal of fiscal incentives and provisions on renewable energy.
Extra attention will also be given to updates on the government’s flagship infrastructure program called “Build, Build, Build” as well as the Duterte administration’s stance on the country’s territorial dispute with China.
“Specifically, investors would like to see if the key direction hasn’t changed or may divert in light of the initial phase of the tax reform plan’s impact on inflation. This will be crucial to listed companies’ capex rollout, including timing of budget preparation for large-ticket infra undertakings. As such, any hint to affirm this year’s growth prospects could invigorate appetite for equities, especially if these would lead to increased direct investments & job creation,” the online brokerage said.
Should the president’s report fail to uplift market sentiment, Eagle Equities’ Mr. Mangun said the main index may continue moving sideways and retain its low trading volume instead.
At the same time, 2TradeAsia.com said investors are also looking forward to the release of second-quarter corporate earnings. It noted that with the recent outflow of foreign funds from the local market, foreigners may be positioning themselves and are “merely waiting for opportunities to move in.”
Eagle Equities’ Mr. Mangun said support is from 7,340 to 7,185, while the resistance to overcome is 7,450 to 7,500.
Source: http://www.bworldonline.com/shares-expected-to-climb-as-focus-turns-to-sona/
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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.