Top Ten Smart Money Moves – March 20, 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 March 20, 2017 Data)
Total Traded Value – PhP 7.025 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 111 Declines vs. 64 Advances = 1.73:1 Neutral
Total Foreign Buying – PhP 3.783 Billion
Total Foreign Selling – (PhP 4.712 Billion)
Net Foreign Buying (Selling) – (PhP 0.929) Billion – first day of Net Foreign Selling after a day of Net Foreign Buying
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 decline on profit taking as Wall St. slips
Posted on March 21, 2017
LOCAL EQUITIES opened the week succumbing to profit taking, with the influence of last week’s US Federal Reserve meeting subsiding as investors await for other market influencers.
The bellwether Philippine Stock Exchange index dropped 0.38% or 28.45 points to 7,316.57. The broader all-share index fell 0.29% or 12.86 points to 4,404.34 points.
“[The] market is just taking a pause after last weeks run-up of almost 3%. Most opted to take profit as investors await for market moving news and [the] BSP (Bangko Sentral ng Pilipinas) meeting on Thursday,” said First Grade Finance, Inc. Managing Director Astro C. del Castillo in a text message yesterday, adding that the main index is seen to hover around the 7,300 level it benchmarked last week.
“Philippine markets traded in the red, taking cues from US stocks awaiting for the next catalyst as their Friday narrowly traded lower amid further weakness in both financials and health care,” Luis A. Limlingan, managing director of Regina Capital Development Corp., said in a text message yesterday.
US stocks dipped on Friday as bank shares fell alongside Treasury yields. Indices were little changed for a second day even if the Nasdaq Composite touched a record intraday high. Analysts say investors are expecting a catalyst to thrust stocks higher after bets on US President Donald J. Trump’s promises of tax cuts and a fiscal stimulus drove Wall Street to all-time highs on a weeks-long rally.
The Dow Jones Industrial Average fell 19.93 points or 0.10% to end at 20,914.62, the S&P 500 lost 3.13 points or 0.13% to 2,378.25, and the Nasdaq Composite added 0.24 point to 5,901.00.
At home, most sectoral indices ended in the red. The property counter saw the biggest loss, slumping 1.03% or 33.99 points to 3,250.66; financials slid 0.84% or 15.64 points to 1,845.94; mining and oil went down 0.49% or 58.87 points to 11,946.19; industrial fell 0.39% or 43.79 points to 11,018.85; and services dropped 0.04% or 0.61 points to 1,488.72. The holding firms counter was the lone sector to close in the green, adding 0.07% or 5.34 points to 7,348.01.
Decliners outnumbered advancers, 111 to 64, while 59 issues were unchanged.
Value turnover stood at P7.03 billion on Monday, just more than half the P13.99 billion on the prior trading day, as 1.27 billion shares changed hands.
Foreigners dumped shares with net outflows totaling P929.52 million, a reversal from the net purchases of P169.08 million seen last Friday.
Other Southeast Asian stock markets were mixed in thin trade on Monday, with Indonesia heading for its first fall in six sessions while the Federal Reserve’s dovish stance continued to drag the dollar lower.
The dollar slowly ceded ground in Asia on Monday with greenback bulls still nursing grudges after the Fed’s rate guidance last week proved to be less “hawkish” than many had wagered on. — 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.
2. The Website: :http://www.theresponsibletrader.com where we publish our daily newsletter Top Ten Smart Money Moves, Stock Trading Lessons, and Inspirational Materials. (FREE)
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)
4. My Slideshare: http://www.slideshare.net/TheResponsibleTrader – where you can view and download copy of the Powerpoint Presentation of my TRT-POV (The Responsible Trader’s Point of View) of the videos posted in our Youtube Channel. (FREE)
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