Top Ten Smart Money Moves – May 15, 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 May 15, 2017 Data)
Total Traded Value – PhP 7.476 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 112 Declines vs. 85 Advances = 1.32:1 Neutral
Total Foreign Buying – PhP 3.482 Billion
Total Foreign Selling – (PhP 3.373) Billion
Net Foreign Buying (Selling) – PhP 0.109 Billion – first day of Net Foreign Buying after a day of Net Foreign Selling
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 fall in weak session ahead of GDP data
Posted on May 16, 2017
STOCKS opened the week on a weak note, extending Friday’s losses as investors opted to stay on the sidelines ahead of Thursday’s release of first quarter economic data.
The bellwether Philippine Stock Exchange index (PSEi) declined 42.60 points or 0.54% to end at 7,772.93. The benchmark index reached an intraday peak of 7,860.31 before profit-taking kicked in. The wider all-shares index also fell yesterday, giving up 16.09 points or 0.34% to 4,632.17.
“The market is basically still in the course of consolidating heading toward lower support side. There’s no change in the long term trend so far, and on just short term, some investors pocketed recent gains for the two IPOs (initial public offerings) which will eat up few billions from the market,” Summit Securities, Inc. President Harry G. Liu said via phone yesterday.
The two upcoming IPOs which were “both attractive to the market,” are Eagle Cement Corp. and Cebu Landmasters, Inc., Mr. Liu said.
Investors are also eyeing talks in China “if it will effect any global development,” he added. “After that, I don’t see any crisis, so what I see is just a market continuing to be soft and moving sideways as investors await more economic data for direction. Locally, the Q1 GDP (Gross Domestic Product) is also being looked upon whether it will really stay stable.”
AB Capital Senior Research Analyst Lexter L . Azurin meanwhile said: “Today the market drop is primarily from profit-taking since we’ve been rallying for the past few weeks, some took advantage taking gains and I guess in general the sentiment is staying on sidelines as investors await GDP results this week.”
Most sectoral indices ended in negative territory yesterday, except with holding firms which posted gains of 30.05 points or 0.38% to close at 7,930.85.
Three stocks fell for every two that gained, while 50 stocks were unchanged. Foreign investors were also net buyers in the stock market. They bought shares worth P3.48 billion and sold P3.37 billion, resulting in a net inflow of P109.05 million. Investors traded 1.39 billion issues on Monday valued at P7.48 billion.
Justino B. Calaycay, Jr., senior research analyst at Philstocks Financial, Inc., said this week’s “inflection point” may come on Thursday when the government releases the official first quarter GDP numbers.
“The NEDA (National Economic and Development Authority) is confident of achieving 7%, against our forecast of between 6.3% and 6.5%, even as we agree with the agency that the boost comes from the significantly improved trade as well as sustained consumer demand and the revving up of government spending,” Mr. Calaycay said in a report.
A BusinessWorld survey of 13 economists and analysts late last week yielded a 6.8% first-quarter growth estimate median. — ICCD
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: email@example.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)
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