Top Ten Smart Money Moves – May 18, 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 May 18, 2018 Data)
Total Traded Value – PhP 4.216 Billion – Low
Advances Declines – (Ideal is 2:1) 115 Declines vs. 86 Advances = 1.34:1 Neutral
Total Foreign Buying PhP 1.721 Billion
Total Foreign Selling – (PhP 2.436) Billion
Net Foreign Buying (Selling) (PhP 0.715) Billion – 3rd day of Net Foreign Selling after 2 days of Net Foreign Buying
Data from the Philippine Stock Exchange
Screenshot courtesy of 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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Stocks to move within tight range after results
May 21, 2018 | 12:01 am
THE MAIN INDEX may continue to trade in a tight range this week as investors look at whether companies can sustain their growth momentum in the first quarter for the rest of the year.
The Philippine Stock Exchange index (PSEi) dipped 0.28% or 21.84 points to 7,672.28 last Friday due to rising inflation woes alongside higher Treasury yields in the United States.
The market was down for most of the week except on Tuesday, when it saw extended optimism from investors after the Bangko Sentral ng Pilipinas raised interest rates by 25 basis points.
On a weekly basis, the index fell 1.03% or 79.83 points, weighed down by a 3% drop in holding firms and 2% decline in industrials. The property sector was the lone sub-index that ended in the green for the week, which analysts attributed to the growth of real estate developers for the first quarter.
“(S)everal companies posted tremendous growth in the first quarter. We continue to be bullish on property stocks as the real estate sector proves to be very strong in terms of sales,” Eagle Equities, Inc. Research Head Christopher John Mangun said in a weekly market report, noting that Megaworld Corp. and SM Prime Holdings, Inc. were among the top gainers for the week.
Meanwhile, net foreign selling stood at P550 million on average for the week.
“As we go into the new trading week, based on the market sentiment, the index will continue to trade within this congestion area between the strong support at 7,500 and the resistance at 7,830,” Mr. Mangun said.
Online brokerage 2TradeAsia.com said investors will be looking at whether index stocks will be able to sustain their double-digit growth last quarter.
“Greater weight has been placed on listed firms’ ability to weather out inflation, given the latest volatility in oil prices, provisions for the second phase of tax reform plan, and forex volatility, among others,” 2TradeAsia.com said in a weekly market note.
The company noted geopolitical tensions may also weigh on investor sentiment for the week.
US President Donald J. Trump recently announced the country’s withdrawal from its nuclear agreement with Iran, which was made together with Europe in 2015.
“The uncertain outcome of whether the US government would enter into a revise deal with Iran, will likely create increased volatility for commodities, as higher fuel prices will be weighed relative to real returns,” 2TradeAsia.com said.
Eagle Equities’ Mr. Mangun placed the index’s likely support at 7,500 to 7,625 and resistance from 7,830 to 7,900.
“If we see a pickup in volume, the index may break above resistance and try for the next one at 8,000. A break of 8,000 will confirm a trend reversal which will bring investors back into this market,” Mr. Mangun said. — Arra B. Francia
Source: http://bworldonline.com/stocks-to-move-within-tight-range-after-results/
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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.
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.
The book can also be ordered online through our publisher, Central Book Supply. Just go to: http://central.com.ph/bookstoreplus then click Search – The Responsible Trader.
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.
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.