Top Ten Smart Money Moves – July 27, 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 27, 2017 Data)
Total Traded Value – PhP 7.128 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 115 Declines vs. 94 Advances = 1.22:1 Neutral
Total Foreign Buying – PhP 3.365 Billion
Total Foreign Selling – (PhP 2.739) Billion
Net Foreign Buying (Selling) – PhP 0.626 Billion –5th 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:
Stocks climb further as Fed keeps rates steady
Posted on July 28, 2017
LOCAL SHARES climbed further on Thursday as US markets logged record highs, with investors also factoring in the widely expected decision from the Federal Reserve to leave interest rates steady.
The bellwether Philippine Stock Exchange index (PSEi) rose 0.10% or 8.27 points to 8,045.78 on Thursday, a new high for the year and its best finish since Aug. 10, 2016’s 8,051.40.
The broader all-shares index inched up 0.03% or 1.78 points to 4,781.58 points.
The PSEi is now just a few points shy of its all-time high of 8,127.48 logged last April 10, 2015. Year to date, the index is up 17.6%.
“Local shares traded on a slightly positive note based on new highs… after Fed kept interest rate unchanged and signaled that inflation remains persistently below its target,” Luis A. Limlingan, managing director at Regina Capital Development Corp., said in a text message yesterday.
As broadly expected by investors, the Fed maintained its benchmark lending rate and said it was continuing the slow path of monetary tightening. It said it expected to start winding down its massive holdings of bonds “relatively soon” in a sign of confidence in the US economy.
Following this, the Dow Jones Industrial Average rose 97.58 points or 0.45% to 21,711.01; the S&P 500 gained 0.7 point or 0.03% to 2,477.83; and the Nasdaq Composite added 10.57 points or 0.16% to 6,422.75.
Most Southeast Asian stock markets rose in line with global peers on Thursday, as risk appetite returned with the likelihood that a dovish Fed would leave US rates low for longer than some had expected. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.9% to its highest since December 2007.
Joylin F. Telagen, equity research analyst at IB Gimenez Securities, Inc., noted that the market reached 8,106.74 points intraday, nearing the index’s all-time high. “I think we will some correction ahead of release of corporate earnings.”
“As long as we’re able to sustain that [and] the market doesn’t move below 8,000, then that should be okay,” Manuel Antonio G. Lisbona, president of PNB Securities, Inc., said by phone.
Most counters ended in the green yesterday. Holding firms climbed 0.56% or 45.16 points to 8,011.78; mining and oil went up 0.53% or 69.07 points to 13,049.57; industrials rose 0.35% or 39.87 points to 11,157.77; and financials gained 0.19% or 3.71 points to close Thursday’s session at 1,961.22.
Meanwhile, property dropped 0.68% or 26.62 points to 3,837.43 and services fell 0.38% or 6.58 points to 1,696.17.
Decliners trumped advancers, 115 to 94, while 53 names closed unchanged. Value turnover went down to P7.13 billion yesterday from the P8.17 billion recorded on Wednesday, with 1.96 billion shares changing hands.
Net foreign buying thinned to P626.26 million yesterday from the P693.26 million logged in the previous session. — JCL with Reuters
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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/.
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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