Top Ten Smart Money Moves – November 14, 2017

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 November 14,  2017  Data)

Total Traded Value –  PhP  8.879  Billion – Medium
Advances Declines – (Ideal is 2:1)   111 Declines  vs. 76 Advances = 1.46:1  Neutral
Total Foreign Buying – PhP 5.160  Billion
Total Foreign Selling – (PhP 5.105)  Billion
Net Foreign Buying (Selling) – PhP 0.055  Billion – first day of Net Foreign Buying after 3 days of Net Foreign Selling

 

Data from the Philippine Stock Exchange

PSE_20171114

Screenshot courtesy of: www.pse.com.ph

PSE HEAT MAP

PSE Heat Map_20171114

Screenshot courtesy of PSEGET

Top Ten Foreign Buying and Selling

FBS_20171114

Top Ten in Total Traded Value

TTV_20171114

Top Ten Gainers and Losers

TTGL_20171114

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 recover on weak China data, MSCI changes

November 15, 2017

SHARES rebounded on Tuesday on the back of weaker Chinese economic data and rebalancing of the MSCI.

BW-20171114

The Philippine Stock Exchange index (PSEi) closed at 8,379.64 yesterday, up 49.62 points or 0.59% and bouncing back after being down for most of the trading day.

The all-shares index closed at 4,913.91, also up 19.29 points or 0.39%.

“Funds are starting to take positions here since China reported weaker-than-expected data. The MSCI review was also a factor,” PNB Securities, Inc. President Manuel Antonio G. Lisbona said in a text message.
Chinese economic data were lower than expected, including fixed asset investment growth which between January and October slowed to 7.3%, below the 7.4% forecast.
Meanwhile, the semiannual review of the MSCI Global Standard Index saw Britannia Industries, Petronet LNG and Vakrangee included, while Apollo Hospitals has been removed.
For Luis A. Limlingan, managing director at Regina Capital Development Corp., the recovery of US stocks also boosted the local market.
“Philippine shares bounced back ahead of the ASEAN (Association of Southeast Asian Nations) summit conclusion and the release of GDP (gross domestic product) data. This is in line with US stocks, which slowly gained on Monday as uncertainty continued to swirl around the state of Republican tax-cut legislation,” Mr. Limlingan said in a text message.
US stocks slowly gained on Monday, recovering from the negative sentiment brought about by the uncertainty surrounding the tax reform plan of the Republican Party.
Meanwhile, third-quarter GDP data are due for release tomorrow.
“It’s possible the market may continue its upward move in the next few sessions,” PNB Securities’ Mr. Lisbona said.
Among PSEi’s six sectoral indices, industrials, holding firms, and mining and oil gained. Mining and oil went up 243.18 points or 1.98% to end at 12,513.83; holding firms climbed 99.42 points or 1.17% to 8,595.96; and industrials rose 101.02 points or 0.91% to 11,094.13.
Meanwhile, the other three subindices ended lower. Services dropped 9.39 points or 0.56% to 1,659.02; financials went down 3.9 points or 0.18% to 2,068.32; and property declined 0.07 points to close at 3,880.42.
Declining stocks outpaced advancers, 111 to 76, while 51 names closed flat.
Value turnover went up to P8.88 billion from Monday’s P8.22 billion, with 889.39 million shares changing hands.
Foreigners bought shares for a net inflow of P55.46 million, a reversal of the previous session’s P1.5-billion net selling.
Most other Southeast Asian stock markets also traded cautiously on Tuesday, in line with broader Asia, as disappointing Chinese economic data and worries over US tax reforms hurt risk appetite. — P.P.C. Marcelo with Reuters

Source: http://bworldonline.com/stocks-recover-weak-china-data-msci-changes/

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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.

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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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