Top Ten Smart Money Moves – March 9, 2018

Smart Money Moves_Final

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 9, 2018 Data)

Total Traded Value – PhP 6.579 Billion – Low
Advances Declines – (Ideal is 2:1)  125 Advances vs. 82  Declines = 1.52:1 Neutral
Total Foreign Buying  PhP 1.988 Billion
Total Foreign Selling – (PhP 2.561) Billion
Net Foreign Buying (Selling) – (PhP 0.573 Billion) – 14th day of Net Foreign Selling after a day of Net Foreign Buying

Data from the Philippine Stock Exchange

PSE_20180309

Screenshot courtesy of: www.pse.com.ph

PSE HEAT MAP

PSE Heat Map_20180309

Screenshot courtesy of PSEGET

Top Ten Foreign Buying and Selling

FBS_20180309

Top Ten in Total Traded Value

TTV_20180309

Top Ten Gainers and Losers

TTGL_20180309

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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Corporate earnings seen top of investors’ minds

March 11, 2018 | 5:20 pm

BARRING any jarring global development, investors in Philippine stocks will likely have their eyes glued to more corporate earnings data that will be released this week, analysts said over the weekend.

BW-20180309

The Philippine Stock Exchange index (PSEi) dropped 0.11% or 9.34 points from Thursday to close at 8,372.51 on Friday last week, as investors stayed on the sidelines in the wake of mounting warnings of a trade war after United States President Donald J. Trump’s announcement of tariffs on aluminum and steel.

A further pickup in inflation last February — reported at 4.5% based on 2006 prices and 3.9% based on 2012 prices — has also made some investors cautious, despite widespread expectations that the pace of overall price increase of basic goods will quicken further, possibly piercing the ceiling of the government’s 2-4% target range this year.
“Value turnover was P35.76 billion [for the week], which is below average for our market,” Eagle Equities, Inc. Research Head Christopher John Mangun said in a report.

“This proves that investors are still on the sidelines.”

PSEi lost 1.017% on a weekly basis, with the mining and oil sector posting the biggest drop of 3%, followed by financials that gave up 1.6% and holding firms that fell by 1.3%.

This week, the focus will switch to the release of more corporate earning reports as well as listed firm’s outlook for 2018.

“Just like other listed shares, the focus should now be on companies’ capex deployment for the year and attributes that go with it in terms of plowback to the earnings cycle,” online brokerage 2TradeAsia.com said in a note.

Firms lined up to report 2017 earnings this week are Ayala Corp.; Security Bank Corp.; San Miguel Corp.; San Miguel Pure Foods Company, Inc.; Petron Corp.; Ginebra San Miguel, Inc., LT Group, Inc., Philippine National Bank and Max’s Group, Inc.

2TradeAsia.com said investors may also watch the US Federal Open Market Committee’s March 20-21 meeting which some analysts believe could yield a rate hike.

Eagle Equities’ Mr. Mangun said the market continues to consolidate from successive gains in January.
“It has held our support at 8,330 which may be a pivot level and we may see the market start to recover,” Mr. Mangun said.

“The other scenario is if support is broken at that level we may lose another 200 points as it tests our next major support at 8,070,” he added.

“… [W]e need to see more volume before we see the market recover.”

Analysts also said investors should watch less-known listed firms that have been accumulating value in past weeks due to speculations about the third major telecommunications service provider that will challenge Smart Communications, Inc. and Globe Telecom, Inc.

Mr. Mangun placed initial market support at 8,250-8,330 and resistance at 8,550-8,700. — Arra B. Francia

Source: http://bworldonline.com/corporate-earnings-seen-top-investors-minds/

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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.

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