Top Ten Smart Money Moves – March 30, 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 30, 2017 Data)
Total Traded Value – PhP 7.638 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 92 Declines vs. 91 Advances = 1.01:1 Neutral
Total Foreign Buying – PhP 4.549 Billion
Total Foreign Selling – (PhP 4.728 Billion)
Net Foreign Buying (Selling) – (PhP 0.179 Billion) – 2nd 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 inch up as investors rebalance holdings
Posted on March 31, 2017
PHILIPPINE STOCKS traded flat on Thursday as investors opted to stay on the sidelines and amid window-dressing activities among corporate managers to end the first quarter of the year.
The bellwether Philippine Stock Exchange index inched up by 0.11% or 8.59 points to 7,332.59. The broader all-shares index increased 0.16% or 7.35 points to 4,411.65.
“I think it’s rebalancing of funds ahead of possible window dressing tomorrow e.g. investor bought back JFC, a stock that have been oversold,” said Joylin F. Telagen, equity research analyst at IB Gimenez Securities, Inc., in a text message on Thursday, referring to Jollibee Foods Corp. by its ticker symbol.
JFC shares closed at P194.50 apiece yesterday, gaining P6.50 or 3.46%.
Ms. Telagen noted that the United Kingdom’s triggering of its exit from the European Union did not significantly impact local equities.
“The Philippine stock market had another flat trading performance with US stocks closing narrowly mixed as the Dow lost ground for a ninth day in ten and the Nasdaq climbed for a fourth consecutive session,” Luis A. Limlingan,
managing director at Regina Capital Development Corp., said in a text message yesterday.
The analyst noted that energy stocks drove US market up as crude rallied 2% while health care flat-lined amid talk that House Republicans are set to consider a new health legislation next week.
The benchmark S&P 500 edged up on Wednesday as the stronger energy sector offset declines in financial shares and investors began looking ahead to first-quarter earnings season.
The Dow Jones Industrial Average edged lower, falling for the ninth session out of the past 10.
Investors have been assessing what the Republicans’ failure to pass a health care bill means for tax reform and the rest of President Donald J. Trump’s agenda, hopes for which have helped drive stocks to record highs.
The Dow Jones Industrial Average fell 42.18 points, or 0.20%, to 20,659.32, the S&P 500 gained 2.56 points, or 0.11%, to 2,361.13 and the Nasdaq Composite added 22.41 points, or 0.38%, to 5,897.55.
Locally, the industrial counter rose 1.08% or 118.07 points to 10,961.63; mining and oil climbed 0.54% or 65.44 points or 12,028.29; services went up 0.11% or 1.77 points to 1,531.95; and holding firms inched up 0.26 point to 10,961.63.
Meanwhile, property fell 0.33% or 10.69 points to 3,159.60 and financials declined by 0.15 point to 1,824.29.
Value turnover dropped to P7.64 billion as 864.73 million shares changed hands, from Wednesday’s P14.29-billion worth.
Decliners narrowly beat advancers, 92 to 91, while 49 names closed flat.
Net foreign selling thinned to P179.43 million yesterday from the previous session’s P6 billion.
Most Southeast Asian stock markets likewise moved sideways on Thursday in thin trading in the absence of market-moving macroeconomic triggers. — 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