Top Ten Smart Money Moves – November 9, 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 9, 2017 Data)
Total Traded Value – PhP 9.324 Billion – Medium
Advances Declines – (Ideal is 2:1) 114 Declines vs. 88 Advances = 1.28:1 Neutral
Total Foreign Buying – PhP 4.152 Billion
Total Foreign Selling – (PhP 4.391) Billion
Net Foreign Buying (Selling) – (PhP 0.239) Billion – first day of Net Foreign Selling after 5 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
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 climb as buying picks up ahead of ASEAN
November 10, 2017
THE Philippine Stock Exchange index (PSEi) bounced back on Thursday after two days of downward movements, lifted by earnings results, but fell short of its previous high.
The main index closed at 8,519.82, up by 11.33 points or 0.13%, missing the latest high of 8,523.07 recorded on Monday.
The all-shares index closed at 4,979.82, up by 8.79 points or 0.17%.
“The buying momentum continued…ahead of the ASEAN (Association of Southeast Asian Nations) Summit and more earnings announcements,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a text message.
Jervin S. de Celis, equities trader at Timson Securities, Inc. said the market is still consolidating, but the earnings results of big players have been key for the PSEi staying above the 8,500 mark.
“Investors are waiting for a major catalyst — that’s why the index has been consolidating for the past three days. The earnings disclosures of blue-chip stocks are also keeping our market above the 8,500,” Mr. De Celis said in a text message.
Leading firms such as DMCI Holdings, Inc., SM Investments Corp., and Metro Pacific Investments Corp. reported good earnings for the third quarter.
Mr. De Celis said the release next week of the gross domestic product (GDP) data for the third quarter might be the catalyst needed by the market. “We have the GDP report by next week so we might see a major move on the day of the announcement.”
Among the sectors, holding firms, services, and property posted gains yesterday. Holding firms closed at 8,707.47, up by 55.81 points or 0.64%. Property rose 12.52 points or 0.31% to 4,037.43 and services climbed 4.29 points or 0.25% to 1,700.86.
Meanwhile, mining and oil led declining counters as it plunged by 645.47 points or 4.9% to end at 12,537.42. Financials closed at 2,086.71, down by 9.86 or 0.47%, and industrials dropped 19.91 points or 0.18% to close the session at 10,994.15. Losers outnumbered advancers at 114 to 89, while 37 names were unchanged.
Value turnover reached P9.32 billion, rising from the previous day’s P7.67 billion, with 1.5 billion shares changing hands.
Foreigners sold their shareholdings, with net outflows recorded at P238.76 million, a reversal of Wednesday’s net foreign buying of P144.67 million.
Meanwhile, other Southeast Asian stock markets were largely buoyant on Thursday, with Singapore inching higher to a fresh two-year high and Vietnam set to extend its gaining run to the fifth session, scaling a 10-year peak.
Record-setting gains overnight on Wall Street brought cheer to broader Asia, lifting MSCI’s index of Asia-Pacific shares outside Japan to a fresh 10-year high.
Meanwhile, data showing surprisingly strong producer prices in China last month and a pickup in consumer inflation underscored the resilience of the economy. — P.P.C. Marcelo with Reuters
Source: http://bworldonline.com/stocks-climb-buying-picks-ahead-asean/
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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 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:
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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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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.