Top Ten Smart Money Moves – March 21, 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 21, 2017 Data)
Total Traded Value – PhP 7.669 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 98 Advances vs. 98 Declines = 1.0:1 Perfectly Neutral
Total Foreign Buying – PhP 4.651 Billion
Total Foreign Selling – (PhP 4.574 Billion)
Net Foreign Buying (Selling) – PhP 0.0780 Billion – first 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 eke out gains ahead of BSP policy review
Posted on March 22, 2017
LOCAL EQUITIES saw an uptick on Tuesday as investors remained on the sidelines ahead of the Bangko Sentral ng Pilipinas’ (BSP) policy meeting and other developments overseas.
The bellwether Philippine Stock Exchange index rose 0.09% or 6.74 points to 7,323.31.
The broader all shares index edged up 0.02% or 1.03 points to 4,405.37.
“It’s just a last-minute sell-off but managed to end flat… Investors stay on the sideline ahead of BoJ (Bank of Japan) and [the Philippines’] central bank meeting on Thursday,” said Joylin F. Telagen, equity research analyst at IB Gimenez Securities in a text message on Tuesday, noting that the index will likely consolidate in the 7,250 to 7,200 level as it awaits market-moving news.
The BoJ will release the minutes of its January meeting today, while the BSP’s policy-setting Monetary Board holds its review tomorrow.
Ms. Telagen added that with the start of Wilcon Depot, Inc.’s initial public offering, the market is starting to see a rebalancing of fund to “much more” attractive stocks.
“Our local market shrugged off an anemic performance from the US, which struggled for traction before they closed narrowly mixed in a marginally more defensive tone,” said Luis A. Limlingan, managing director at Regina Capital Development Corp., in a text message on Tuesday.
Wall Street drifted lower on Monday as investors worried that President Donald J. Trump’s plan to cut taxes and boost the economy could take longer than previously expected.
The Dow Jones Industrial Average inched down 0.04% to end at 20,905.86 points, while the S&P 500 lost 0.20% to 2,373.47. The Nasdaq Composite edged up 0.01% to finish at 5,901.53 after briefly hitting an intraday record high.
Back home, the services counter rose 0.65% or 9.69 points to 1,498.41; financials climbed 0.14% or 2.71 points to 1,848.65; and property inched up 0.03% or 1.11 points to 3,251.77.
Meanwhile, mining and oil fell 0.10% or 12.45 points to 11,933.74 and industrial dropped 0.02% or 2.92 points to 11,015.93. Holding firms dropped 0.21 point to 7,347.80.
Decliners equaled advancers at 98 while 46 issues were unchanged.
Value turnover stood at P7.67 billion, higher than Monday’s P7.03 billion, as 1.39 billion shares changed hands.
Foreigners turned buyers yesterday, with net purchases totaling P77.80 million, a turnaround from the net outflow of P929.52 million recorded last Monday.
Most Southeast Asian stock markets also rose on Tuesday, in line with Asian peers on the prospects of a less hawkish US Federal Reserve policy trajectory.
Expectations that the Fed will have to step up rate hikes to counter inflationary pressure from Mr. Trump’s stimulus are also waning after the US central bank dropped no hints of an acceleration in credit tightening last week. — 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: firstname.lastname@example.org 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