Top Ten Smart Money Moves – November 5, 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.
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Trading Notes for Today – (Based on November 5, 2018 Data)
Total Traded Value – PhP 22.565 Billion – High
Advances Declines – (Ideal is 2:1) 100 Advances vs. 93 Declines = 1.08:1 Neutral
Total Foreign Buying PhP 5.204 Billion
Total Foreign Selling – (PhP 10.963) Billion
Net Foreign Buying (Selling) – (PhP 5.759) Billion – 1st day of Net Foreign Selling after a day of Net Foreign Buying
NOTE: We have to observe during the coming weeks whether last October 31st Net Buying is just a temporary break from the Foreign Net Selling streak for the past 44 trading days.
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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PSEi surges as market plays catch-up after break
November 5, 2018 | 9:00 pm
By Arra B. Francia, Reporter
LOCAL EQUITIES surged on Monday as investors flooded the market after the long holiday break in anticipation of inflation figures to be released on Tuesday morning.
The benchmark Philippine Stock Exchange index (PSEi) climbed 1.02% or 73.15 points to close at 7,213.44. The broader all-shares index also added 0.48% or 20.99 points to 4,391.45.
“The index may have caught up to the positive momentum we all saw from markets abroad during the break. (Peso appreciation) may have also added some boost to the overall sentiment,” P2P Trade Online Sales Associate Gabriel Jose F. Perez said in an e-mail.
The Dow Jones Industrial Average index ended mostly higher last week, rising 2.36% on a weekly basis. It failed to hold gains on Friday however, tumbling down 0.43% or 109.91 points to 25,270.83. The S&P 500 index and Nasdaq Composite index followed suit, losing 0.63% or 17.31 points to 2,723.06 and 1.04% or 77.06 points to 7,356.99, respectively.
Mr. Perez also noted that some of the buying may be related to the release of October’s inflation print on Tuesday, citing the Department of Finance’s estimate of 6.5% — lower than September’s 6.7%.
The Bangko Sentral ng Pilipinas, meanwhile, projects inflation for October to have settled within 6.2-7%, lower than its estimate range of 6.3-7.1% last September.
“Philippine investors made bets ahead of the inflation data which is out [Tuesday] and the GDP on Thursday, as many are starting to become more bullish given the tone of the buying so far,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
All sectoral indices moved to positive territory, led by services which jumped 1.63% or 23.91 points to 1,486.46. The mining and oil counter followed with a 1.22% or 117.45-point climb to 9,689.50.
Holding firms rose 1.15% or 80.87 points to 7,084.40; industrials advanced 1.13% or 120.50 points to 10,769.29; property improved 0.43% or 15.31 points to 3,510.80; while financials went up 0.2% or 3.34 points to 1,611.24.
Value turnover swelled to P22.57 billion, mainly due to the block sale of Energy Development Corp. (EDC) amounting to P14.57 billion. Shares in the company were crossed off from the exchange today as part of its voluntary delisting plan. Advancers outpaced decliners, 100 to 93, while 44 names were unchanged.
P2P Trade’s Mr. Perez noted that foreign investors remained in buying mode. Removing EDC’s P5.9-billion block transaction from foreign investors, the session would have recorded a net buying figure of P162 million, albeit lower than the previous session’s P229 million.
The analyst projects a resistance from 7,430 to 7,480 for the PSEi in the coming days.
Source: https://www.bworldonline.com/psei-surges-as-market-plays-catch-up-after-break/
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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.
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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.