Top Ten Smart Money Moves – March 23, 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 March 23, 2018 Data)
Total Traded Value – PhP 8.649 Billion – Medium
Advances Declines – (Ideal is 2:1) 143 Declines vs. 65 Advances = 2.20:1 Bearish
Total Foreign Buying PhP 4.724 Billion
Total Foreign Selling – (PhP 5.793) Billion
Net Foreign Buying (Selling) (PhP 1.069) Billion – 4th 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
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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Shares to consolidate in shortened trading week
March 25, 2018 | 7:57 pm
By Arra B. Francia, Reporter
SHARES may continue consolidating in the days ahead, given the shorter trading week due to the Lenten break.
The Philippine Stock Exchange index (PSEi) shed 1.89% or 153.65 points to close at 7,970.80 on Friday, pulling the market 3.25% lower on a weekly basis.
Week on week, the mining and oil sector dragged the main index as it dipped 3.53%, while holding firms also lost 3.41%. Net foreign outflows persisted at P6.4 billion, although slightly lower than the week prior’s P6.56 billion.
Among last week’s losers were three of the country’s largest conglomerates, namely GT Capital Holdings, Inc. which saw its shares slump 9.86% to P1,170 each; Alliance Global Group, Inc. which dropped 9.74% to P12.98 each; and Ayala Corp., which went down 7.27% to P918 each.
“With global equity markets crashing abroad, the Philippine stock market was not an exception…the PSEi would have been down even more if not for the temporary recovery that we saw on Thursday when the index gained more than 100 points,” Eagle Equities, Inc. Research Head Christopher John Mangun said in a market report.
International markets were mostly down last week due to the 25-basis point rate hike by the United States Federal Reserve, as well as looming trade wars after US President Donald J. Trump imposted tariffs on Chinese products.
The local central bank also chose to keep interest rates steady at its policy meeting last March 22, which investors assessed would affect the market.
This week, analysts expect less action from the bourse as it suspends trading for Holy Thursday, March 29, and Good Friday, March 30.
“Limited movement may ensue this week, as fund managers prepare for the Lenten break,” online brokerage 2TradeAsia.com said in a weekly market note.
Mr. Mangun noted that value turnover improved last week, climbing 10.53% to P10.71 billion week on week, which he sees as a positive sign that the market may start bouncing back soon.
“As we start to see trading volume pick up, this may be an indication that we may see a selling climax soon. We may see the market consolidate at these levels before it starts going up again. I don’t see this market going below 7,700 and I believe we will see this market recover in the following weeks,” he said.
Andrew L. Tan-led Travellers International Hotel Group, Inc. is set to release its 2017 earnings result this week, while Oriental Petroleum and Minerals Corp. will have it shareholder meeting.
2TradeAsia.com placed the market’s immediate support at 7,900 and secondary support at 7,800, while resistance will range from 8,000 to 8,200.
Source: http://bworldonline.com/shares-to-consolidate-in-shortened-trading-week/
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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.
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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)
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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.