Top Ten Smart Money Moves – November 16, 2016
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 16, 2016 Data)
Total Traded Value – PhP 6.524 Billion – Low
Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 104 Advances vs. 75 Declines = 1.39:1 Neutral
Total Foreign Buying – PhP 2.678 Billion
Total Foreign Selling – (PhP 4.049 Billion)
Net Foreign Buying (Selling) – (PhP 1.370 Billion) – 6th 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 climb on hopes of good PHL growth data
Posted on November 17, 2016
THE MARKET ended in the green yesterday as investors picked up bargains after days of volatile trading, and on expectations of good Philippine third-quarter gross domestic product (GDP) data.
The bellwether Philippine Stock Exchange index (PSEi) bounced back by 109.13 points or 1.59% to end yesterday’s trading at 6,966.28 from Tuesday’s 6,857.15 points.
The index is now back in the green for the year from its end-2015 close of 6,952.08.
The broader all shares index also recouped 48.12 points or 1.15% to end at 4,211.45.
Lexter A. Azurin, head of research at Unicapital Securities, Inc., said shares rose on bargain hunting and as investors anticipate a good GDP growth print for the third quarter.
“What led the rally is also anticipation of Q3 GDP with indications pointing at favorable numbers. Investors were betting on good GDP,” he added.
Luis A. Limlingan, business development head at Regina Capital Development Corp., said “the local stock market sought comfort after days of heavy selling with the government’s hint that Q3 GDP would finish at possibly higher than 7%.”
Socioeconomic Planning Secretary Ernesto M. Pernia — who last week estimated 6.3-7.3% third-quarter GDP growth partly on expectations of flat, farm sector performance — said on Tuesday that the surprise 2.98% farm output expansion in the period could have helped fuel GDP to surpass its 7% second-quarter clip.
“In addition, crude oil: WTI (West Texas Intermediate) crude surged over 5.5% to $45.75/bbl (barrel), the largest in seven months following renewed OPEC (Organization of the Petroleum Exporting Countries) efforts to shore up a proposed production cut,” Mr. Limlingan said in a text message. The OPEC will meet on Nov. 30.
US stock indices also rose “following a sharp 6% rebound in crude prices, strong October retail sales and a respite in the bond market,” the analyst added.
All six sectoral indices advanced, led by property, which went up by 100.31 points or 3.33% to 3,105.03. The holding firms counter followed as it was up 97.05 points or 1.38% to 7,083.37, and services ended higher by 14.27 points or 1.09% to 1,315.47.
Industrials rose 82.19 points or 0.75% to 10,975.68; financials gained eight points or 0.46% to 1,716.98; and mining and oil inched up 16.42 points or 0.14% to 11,766.71.
Foreigners, however, continued to dump their shareholdings with net sales reaching P1.37 billion, slightly higher than Tuesday’s P1.33-billion outflow.
Value turnover fell to P6.52 billion from P7.7 billion after 1.27 billion shares changed hands.
Advancers beat decliners, 104 to 75, while 45 issues were unchanged.
For today, Mr. Azurin said the PSEi could trade at the 6,800-7,200 level “to retest resistance levels” as volatility is seen to continue the next few days amid both overseas and local drivers. — Imee Charlee C. Delavin
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/
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)
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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 P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion