Top Ten Smart Money Moves – October 18, 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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Total Traded Value – PhP 4.018 Billion – Low
Advances Declines – (Ideal is 2:1) 92 Advances vs. 85 Declines = 1.08:1 Neutral
Total Foreign Buying PhP 2.182 Billion
Total Foreign Selling – (PhP 2.331 Billion
Net Foreign Buying (Selling) – (PhP 0.149) Billion – 36th day of Net Foreign Selling after 2 days of Net Foreign Buying
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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PSE index posts gains on hawkish Fed minutes
October 18, 2018 | 9:00 pm
The local bourse climbed on Thursday amid last-minute buying and a hawkish US Federal Reserve.
The bellwether Philippine Stock Exchange index (PSEi)inched up 0.58% or 41.57 points to 7,141.25. The broader all-shares index also climbed 0.46% or 20.12 points to 4,632.40.
“Our index ended positive due to last-minute buying spree as investors try to retest the 7,200 level despite the absence of fresh local catalysts to lure back foreign investors in our stock market,” Jervin S. de Celis, trader at Timson Securities, Inc., said in a mobile phone message.
Mr. De Celis said yesterday’s movement was expected as the index stocks were heavily sold down last week following a triple-digit drop by the Dow Jones for two straight days. As such, the current factors do not point toward an actual recovery for the market.
“I guess this is more of a rebound but not convincing enough to assume that we’re in a reversal trend since most of the news coming from the west are still supportive or indicative of future strength for the US dollar and a hawkish stance from the US Fed which can further the foreign selling in our market,” Mr. De Celis added.
Regina Capital Development Corp. Managing Director Luis A. Limlingan said the “slightly hawkish” minutes of the recent Federal Open Market Committee (FOMC) meeting also pushed the local index upward.
“FOMC minutes from the September meeting showed that Fed officials debated how high to push interest rates, with a majority appearing to favor an eventual and temporary move above the level they deem neutral for the economy in the long run. The committee was otherwise in broad agreement over continuing on the current, gradual path of rate increases,” Mr. Limlingan said in a mobile message.
“The major indexes traded in a wide range before the minutes were released as investors grappled with a flood of corporate earnings and weakness in the housing market,” Mr. Limlingan added, also noting easing crude prices and the temporary halt on trade tensions between the US and China as positive factors.
Back home, all counters ended in the green. Mining and oil saw the biggest gains, soaring 3.04% or 278.25 points to 9,406.86; holding firms rose 1.22% or 83.16 points to 6,883.73; services climbed 0.31% or 4.63 points to 1,489.19; financials went up 0.28% or 4.56 points to 1,605.77; property increased 0.24% or 8.54 points to 3,556.40; and industrials inched up 0.05% or 5.93 points to 10,837.66.
Advancers outpaced losers, 92 to 85, while 47 issues were unchanged.
Value turnover totaled P4.02 billion as 457.65 million shares were traded, lower than the previous day’s P5.74 billion worth.
Foreigners continued to dump shares although selling eased to a net P149.63 million from the P633.66-million net outflow logged on Wednesday. — Janina C. Lim
Source: https://www.bworldonline.com/pse-index-posts-gains-on-hawkish-fed-minutes/
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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.