Top Ten Smart Money Moves – July 26, 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 26, 2017 Data)
Total Traded Value – PhP 8.173 Billion – Medium
Advances Declines Ratio – (Ideal is 2:1) 98 Advances vs. 94 Declines = 1.04:1 Neutral
Total Foreign Buying – PhP 3.695 Billion
Total Foreign Selling – (PhP 3.002) Billion
Net Foreign Buying (Selling) – PhP 0.693 Billion –4th 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:
Index ends above 8,000 as investors turn bullish
Posted on July 27, 2017
THE BELLWETHER INDEX climbed to its highest level for the year on Wednesday, breaching the 8,000 level after months of trading in consolidation phase, tracking Wall Street’s rise and as investors became bullish on the Philippines’ outlook following President Rodrigo R. Duterte’s State of the Nation Address.
The Philippine Stock Exchange index (PSEi) went up 0.82% or 65.79 points to 8,037.51 yesterday.
The all-shares index also rose 0.55% or 26.47 points to 4,779.80.
“Today’s closing level is the highest for the index since Aug. 10, 2016 when it closed at 8,051.40 points,” the local bourse said in a statement on Wednesday.
Year to date, the PSEi is up 17.5%.
“I think the investing public saw some plus signs on the economy growing in the next years. Of course, the volume is not big, but it will follow the most fundamental reason,” Harry G. Liu, president of Summit Securities, Inc., said in a phone interview yesterday, citing progress in the tax reform package, and an easing in the Marawi situation, among others, as some catalysts.
“If news continue to come in positive, then we might see another record high later,” Mr. Liu added.
Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a text message that local shares also followed US markets.
“[E]arnings powered Wall Street higher overnight. US banks led the rally following the yield move higher, covering lost grounds ahead of the FOMC (Federal Open Market Committee) meeting, which will conclude later today,” Mr. Limlingan said on Wednesday.
The Dow Jones Industrial Average rose 100.26 points or 0.47% to 21,613.43; the S&P 500 gained 7.17 points or 0.29% to 2,477.08; and the Nasdaq Composite added 1.37 points or 0.02% to 6,412.17.
The Federal Reserve is expected to keep borrowing costs unchanged at this week’s meeting, but could drop hints on the future path of interest rate hikes.
Mr. Limlingan also noted that mining stocks bounced back from the prior trading day’s slump.
“Another push at 8,000 may be seen as we approach window dressing,” he added.
Of the sectoral counters, only industrials ended in the red, dropping 0.31% or 35.27 points to 11,117.90.
Property surged 1.68% or 63.94 points to 3,864.05; mining and oil climbed 1.02% to 131.41 points to 12,980.50; holding firms rose 0.76% or 60.49 points to 7,966.62; services went up 0.49% or 8.45 points to 1,702.75; and financials gained 0.44% or 8.66 points to 1,957.51.
Advancers outnumbered decliners, 98 to 94, while 60 names closed unchanged.
Value turnover stood at P8.17 billion yesterday, higher than the P6.23 billion on Tuesday, with 1.82 billion shares changing hands.
Net foreign buying persisted, clocking in at P693.26 million on Wednesday, higher than the prior trading day’s P573.39 million. — J.C. Lim with Reuters
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: email@example.com Subject: The Responsible Trader – eBook Version.
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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)
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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