Top Ten Smart Money Moves – March 3, 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 3, 2017 Data)
Total Traded Value – PhP 5.467 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 92 Declines vs. 81 Advances = 1.14:1 Neutral
Total Foreign Buying – PhP 3.038 Billion
Total Foreign Selling – (PhP 3.378 Billion)
Net Foreign Buying (Selling) – (PhP 0.340) Billion – 5th day of Net Foreign Selling after 2 days 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:
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Stocks gain amid caution ahead of US rate hike
Posted on March 04, 2017
INVESTOR worries about an impending rate hike by the US Federal Reserve weighed on Philippine stocks throughout the day, but last-minute buying allowed the index to close slightly up on Friday.
The bellwether Philippine Stock Exchange index (PSEi) gained 12.18 points or 0.17% to close the week at 7,247.12. The broader all-shares index was also up by 6.99 points or 0.16% at 4,385.86.
Decliners trumped advancers, 92 to 81, while 61 stocks were unchanged. Value turnover reached P5.467 billion, after 1.485 billion shares changed hands.
“We are continuously tracking movements on Wall Street. We’re still looking for the rate hike that will probably happen, so the market is being cautious,” Anton Alfonso, an analyst at RCBC Securities, Inc. said in a telephone interview.
The 30-member PSEi had been declining since the start of the week, but broke its fall on Thursday after the Dow Jones Industrial Average went past 21,000 for the first time in the US market’s history.
The Philippine market was slightly ahead of US stocks as profit-taking in financial stocks soured sentiment, said Regina Development Corp. Head of Sales Luis A. Limlingan.
“A weak start on negative leads turned to bargain hunting, despite the higher probability of a March rate hike by Fed which saw some heavyweight banks supporting the market, Mr. Limlingan said in an email.
Four counters posted gains, except industrials, which gave up 12.01 points or 0.11%, and mining and oil, which retreated by 53.98 points or 0.43%.
The property counter led gainers with an increase of 7.06 points or 0.22%, followed by services (up 2.46 points or 0.17%); financials (2.24 points or 0.12%); and holding firms (5.07 points or 0.07%).
“We see upside within the next few days until it touches 7,300 level but we once again expect an increase in selling pressure once it reaches this level,” Mr. Limlingan said.
Trade would still be in the range of 7,150 to 7,250 in the coming week, said Mr. Alfonso. — Arra B. Francia
Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-gain-amid-caution-ahead-of-us-rate-hike&id=141645
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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: ninjatrader19@gmail.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)
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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