Top Ten Smart Money Moves – March 26, 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 26, 2018 Data)
Total Traded Value – PhP 6.335 Billion – Low
Advances Declines – (Ideal is 2:1) 138 Declines vs. 65 Advances = 2.12:1 Bearish
Total Foreign Buying PhP 2.867 Billion
Total Foreign Selling – (PhP 3.575) Billion
Net Foreign Buying (Selling) (PhP 0.708) Billion – 5th 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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PHL stocks decline on US-China trade war fears
March 26, 2018 | 8:17 pm
By Arra B. Francia, Reporter
LOCAL EQUITIES edged lower on Monday due to lingering fears of a trade war between the United States and China.
The bellwether Philippine Stock Exchange index (PSEi) gave up 0.48% or 38.42 points to close at 7,932.38 today.
The broader all-shares index also dropped 0.57% or 27.49 points to 4,796.67.
“Philippine markets continued to slide after the Trump administration announced 25% tariffs on approximately $50 billion of imports from China over the weekend,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message.
US President Donald J. Trump’s imposition of new trade regulations against China follows a seven-month investigation into intellectual property theft, a concern that has long surrounded US-China trade relations.
The looming trade war also pulled down Wall Street’s major indices last Friday, with the Dow Jones Industrial Average closing 1.77% or 424.69 points lower at 23,533.20. The S&P 500 index decreased 2.1% or 55.43 points to 2,588.26, while the Nasdaq Composite index lost 2.43% or 174.01 points to 6,992.67.
Back home, the industrials sub-index was the lone sector that managed to eke out gains, adding 0.34% or 38.85 points to 11,288.27. The rest ended in negative territory, led by services that shed 1.54% or 25.99 points to 1,653.99, and property that declined 0.76% or 27.81 points to 3,601.25.
Financials also dropped 0.60% or 12.51 points to 2,040.64; mining and oil slumped 0.25% or 27.14 points to 10,799.89; while holding firms fell 0.20% or 15.81 points to 7,907.60.
Trading thinned on Monday as just 1.75 billion issues valued at P6.34 billion switched hands from Friday’s P8.65 billion.
“Players may have executed their trades last week, ahead of the shortened Easter trading. The average traded value last week hit P10.7 billion versus P8.8 billion year to date,” Papa Securities Corp. Deputy Research Head Arabelle C. Maghirang said in an e-mail.
Decliners outpaced advancers, 138 to 65, while 41 issues were unchanged.
Regina Capital’s Mr. Limlingan said investors are repositioning their portfolios ahead of the long weekend, as the PSE will be closed on Thursday and Friday for the Lenten break.
“Funds are winding down their portfolio as part of their window dressing ahead of the long weekend. To safeguard against volatility, many are keeping to cash to perhaps protect their funds’ net asset values,” he said.
Foreign investors were still on selling mode, unloading a net P708.18 million on Monday, although lower than Friday’s net sales of P1.07 billion.
“The market continues to trend downwards…We peg our first support level at 7,800, second at 7,700. Resistance levels are at 8,050 and 8,400,” Papa Securities’ Ms. Maghirang said.
Source: http://bworldonline.com/phl-stocks-decline-on-us-china-trade-war-fears/
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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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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.