Top Ten Smart Money Moves – June 18, 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 June 18, 2018 Data)
Total Traded Value – PhP 7.748 Billion – Low
Advances Declines – (Ideal is 2:1) 161 Declines vs. 44 Advances = 3.66:1 Bearish
Total Foreign Buying PhP 4.083 Billion
Total Foreign Selling – (PhP 5.375) Billion
Net Foreign Buying (Selling) (PhP 1.292) Billion – 22nd day of Net Foreign Selling after 2 days 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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PHL stocks down on cautiousness ahead of BSP
June 18, 2018 | 9:00 pm
LOCAL EQUITIES plunged on Monday, bringing the index to a new low for the year as investors stayed cautious ahead of the Bangko Sentral ng Pilipinas’ (BSP) meeting on Wednesday amid a weakening peso.
The 30-member Philippine Stock Exchange index (PSEi) sunk to as low as the 7,300 level Monday, June 18, before paring down losses to 1.53% or 115.43 points to settle at 7,414.11 by the closing bell. The main index recorded an intraday low of 7,328.30, its lowest so far for the year.
The broader all-shares index likewise gave up 1.35% or 62.14 points to 4,531.04.
“The peso’s unrelenting depreciation continued its barrage on the index as its new 2018 high of P53.53 in the morning led the PSEi to gap down 125 points at the open. With the index opening below its previous 2018 low of 7,457.05, sellers immediately took this as a bearish sign,” Papa Securities Corp. trader Gabriel F. Perez said in an e-mail.
Mr. Perez said they are looking forward to the BSP’s policy meeting on Wednesday, which could further prompt weakness in the peso.
“Investors likely lightened ahead of the BSP’s policy decision this Wednesday. A retaliatory response by China after the US decided to levy more tariffs on Chinese imports may have also dragged sentiment for the day,” China Bank Securities Corp. Research Director Garie G. Ouano said via text.
US President Donald J. Trump announced last week that Washington slapping a 25% tariff on $50 billion worth of Chinese goods. In response, China is imposing a similar-sized set of levies on $50 billion worth of American goods such as beef, poultry, tobacco, and cars.
Aside from China, the US has also imposed 25% tariffs on steel and 10% on aluminum against the European Union, Canada and Mexico.
Following this, the Dow Jones Industrial Average shed 0.34% or 84.83 points to 25,090.48. The S&P 500 index declined by 0.10% or 2.83 points to 2,779.66, while the Nasdaq Composite index also went down by 0.19% or 14.66 points to 7,746.38.
Locally, sectoral indices bled on Monday. The mining and oil counter led the decline with a loss of 2.82% or 286.58 points to 9,844.19. Financials shed 2.15% or 40.61 points to 1,841.83, while holding firms slumped 1.79% or 135.11 points to 7,379.55.
Services slipped 1.57% or 23.49 points to 1,469.94; industrials went down by 1.53% or 164.91 points to 10,560.78; while property dipped 0.22% or 8.22 points to 3,587.83.
Some 1.61 billion issues switched hands, resulting in a turnover of P7.75 billion, dropping from the previous session’s P12.31 billion.
Decliners outpaced advancers, 161 to 44, while 40 names remained flat.
Foreign investors remained sellers, albeit the net outflow dropped to P1.29 billion on Monday from the P2.22-billion net sales seen last Thursday. — Arra B. Francia
Source: http://bworldonline.com/phl-stocks-down-on-cautiousness-ahead-of-bsp/
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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.
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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.