Top Ten Smart Money Moves – July 25, 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 July 25, 2017 Data)
Total Traded Value – PhP 6.225 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 142 Declines vs. 65 Advances = 2.18:1 Bearish
Total Foreign Buying – PhP 2.977 Billion
Total Foreign Selling – (PhP 2.404) Billion
Net Foreign Buying (Selling) – PhP 0.573 Billion –3rd day of Net Foreign Buying after a day of Net Foreign Selling
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 inches higher as consolidation continues
Posted on July 26, 2017
THE MAIN INDEX inched higher on Tuesday as investors seemed to gain confidence in the administration’s direction following President Rodrigo R. Duterte’s State of the Nation Address (SONA) on Monday.
The bellwether Philippine Stock Exchange index (PSEi) rose 0.11% or 9.08 points to 7,971.72.
Meanwhile, the broader all-shares index fell 0.11% or 5.34 points to 4,753.33.
“The Philippine stock index managed to close a bit on the upside post SONA, positioning ahead of the sectors that will benefit most, and selling those that may be left behind the administrations platform,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message on Tuesday.
Mr. Limlingan noted that mixed US markets also gave the index a push.
Overnight, the Dow Jones Industrial Average fell 66.9 points or 0.31% to 21,513.17; the S&P 500 lost 2.63 points or 0.11% to 2,469.91; and the Nasdaq Composite added 23.05 points or 0.36% to 6,410.81.
“The market is still continuing consolidating at this point. What is needed is really a real good news to breach the 8,000 level. But everything is consolidating, with investors waiting for further developments especially the design of the tax reform package,” Harry G. Liu, president of Summit Securities, Inc. said in a text message yesterday.
Sectoral indices were mixed. Property climbed 0.73% or 27.57 points to 3,800.11; holding firms rose 0.08% or 6.81 points to 7,906.13; and services inched up 0.06% or 1.09 points to 1,694.30.
Meanwhile, financials went down 0.72% or 14.27 points to 1,948.85; mining and oil slumped 0.61% or 79 points to 12,849.09; and industrials dropped 0.35% or 39.92 points to 11,153.17.
On Tuesday, decliners beat advancers, 142 to 65, while 46 issues were unchanged.
Value turnover stood at P6.23 billion, higher than the P5.85 billion logged on Monday, as 1.74 billion shares changed hands.
Foreigners continued to be net buyers at P573.39 million, up from the P79.85 million in net purchases recorded the prior trading day.
Southeast Asian stock markets marked time on Tuesday ahead of a US Federal Reserve meeting later in the day as investors looked for hints on the timing of the Fed’s next policy tightening.
Though the Fed is widely expected to keep interest rates unchanged at the two-day meeting which ends on Wednesday, investors will be watching for any fresh hints on whether it might raise interest rates again this year, and when it will begin paring its bond holdings.
Singapore shares rose as much as 0.5%, led by financial and telecom stocks.
Thai shares edged up 0.3% to one-week highs, while Malaysian shares were flat.
Vietnam shares gave up early gains to trade flat.
Indonesian shares dropped as much as 0.4%, with falls in consumer staples pulling down the index. — J.C. Lim with Reuters
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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