Top Ten Smart Money Moves – November 17, 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 November 17, 2017 Data)
Total Traded Value – PhP 5.626 Billion – Low
Advances Declines – (Ideal is 2:1) 98 Advances vs. 91 Declines = 1.08:1 Neutral
Total Foreign Buying – PhP 3.161 Billion
Total Foreign Selling – (PhP 2.962) Billion
Net Foreign Buying (Selling) – PhP 1.099 Billion – first day of Net Foreign Buying after 2 days 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
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:
PSEi to hover around 8,200 amid lack of catalysts
November 20, 2017
THE Philippine Stock Exchange index (PSEi) is expected to continue a declining trend this week given a lack of catalysts after earnings season and increased risk sentiment.
The bellwether index on Friday climbed 104.64 points or 1.27% to 8,311.08, and the broader all-shares index rose 39.14 points or 0.81% to 4,873.82 points. The PSEi rebounded after days of downward movements even with the release of better-than-expected third-quarter gross domestic product (GDP) data.
The main index dropped from its 8,433.48 close last Nov. 10. The market was down for most of the week due to profit taking and uncertainties abroad, despite the economy growing 6.9%, above the estimates of analysts. Economists interviewed by BusinessWorld had an average estimate of 6.6%.
“We see some weakness in the market in the coming sessions given 10-year [Treasury note] rate creeping upwards (currently around 5.48%), which indicates increasing risk aversion. Foreign selling increased this week and earnings season has also come to an end, so no new catalysts expected for the meantime. Support is still at 8150 to 8200,” Manuel T. Lisbona, President of PNB Securities, Inc., said in a text message.
Listed companies in the local bourse have wrapped up their submissions of the third-quarter results on Friday, and with the release of GDP data and the 31st Association of Southeast Asian Nations Summit and related events done for the week, investors will be looking at new catalysts to drive the market.
Luis A. Limlingan, managing director at Regina Capital Development Corp., said that investors might take cues from the US Federal Reserve activity index, US jobless claims, minutes of the European Central Bank meeting, and domestic balance of payments.
“The index barely maintained itself above 8,300 level. Volume as of close is significant and still within average. Looking into the indicators, we can see hints of continued decline although as of now the 50-day moving average is respected,” Mr. Limlingan said in a text message.
Meanwhile, Wall Street ended the week on a sour note on Friday, with major indexes slipping modestly as investors weighed the fate of the Republicans’ tax overhaul plan.
Investors have been hopeful that a tax bill under debate in Congress will boost corporate earnings and further fuel the stock market’s record-setting run.
Congressional Republicans took important steps on Thursday toward the biggest US. tax-code overhaul since the 1980s, with the House of Representatives approving a broad package of tax cuts. The debate shifts to the Senate, where a bill has already encountered resistance within the Republican ranks.
The Dow Jones Industrial Average fell 100.12 points or 0.43% to 23,358.24, the S&P 500 lost 6.79 points or 0.26% to 2,578.85 and the Nasdaq Composite dropped 10.50 points, or 0.15% to 6,782.79. — P.P.C. Marcelo with Reuters
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: firstname.lastname@example.org 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: email@example.com Subject: The Responsible Trader – eBook Version.
The book continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:
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)
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.