Top Ten Smart Money Moves – October 23, 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 5.145 Billion – Low
Advances Declines – (Ideal is 2:1) 120 Declines vs. 74 Advances = 1.62:1 Neutral
Total Foreign Buying PhP 2.574 Billion
Total Foreign Selling – (PhP 2.677 Billion
Net Foreign Buying (Selling) – (PhP 0.103) Billion – 39th 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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Main index snaps rally on geopolitical concerns
October 23, 2018 | 9:00 pm
By Arra B. Francia, Reporter
THE MAIN INDEX snapped its five-day winning streak on Tuesday, tracking the equity sell-off seen across international and regional markets triggered by various geopolitical concerns, including tensions between the United States and Saudi Arabia.
The bellwether Philippine Stock Exchange index (PSEi) dropped 0.53% or 38.54 points to close at 7,197.62 yesterday. The broader all-shares index likewise shed 0.33% or 14.89 points to 4,383.84.
“The market corrected due to the global sell-off on geopolitical concerns, like the straining relationship between US and Saudi due to the death of the Washington post journalist. Also, the continued concern on the US tariff trade war,” Diversified Securities, Inc. trader Aniceto K. Pangan said in a phone interview yesterday.
Overnight, the Dow Jones Industrial Average lost 126.93 points or 0.5% to 25,317.41. The S&P 500 index dipped 0.43% or 11.90 points to 2,755.88, and the Nasdaq Composite index added 0.26% or 19.60 points to 7,468.63.
“Philippine shares tracked the US market after four sessions of bargain hunting turned investors into profit takers, given there were no significant economic data nor earnings released,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
Most Asian markets also edged lower on Tuesday, as investor sentiment was weighed down by the US trade war with China, alongside the former’s rising tensions with Saudi Arabia.
Mr. Pangan noted that the Philippines managed to temper its losses to less than one percent due to the earnings report of SM Prime Holdings, Inc. (SMPH) released on Monday. The Sy-led property developer said net income jumped 17% to P23.44 billion in the first three quarters of the year, after revenues gained 15% to P74.56 billion.
“Market had a less than one percent correction on better earnings release by SMPH together with continued increase in energy sales by Meralco after nine-month period indicative of strong GDP (gross domestic product) after third quarter,” Mr. Pangan said.
Four sectoral indices slipped to negative territory, led by property which gave up 1.65% or 59.54 points to 3,542.53. Services retreated 1.2% or 17.93 points to 1,474.04; industrials slumped 0.83% or 90.37 points to 10,773.98; while financials shed 0.5% or 8.30 points to 1,632.23.
In contrast, the mining and oil counter went up 0.43% or 41.56 points to 9,547.01 and holding firms gained 0.34% or 24.07 points to 6,993.40.
Turnover improved to P5.14 billion after some 650.03 million issues switched hands, higher than Monday’s P4.45 billion.
Market breadth was negative as 120 decliners beat 74 advancers, while 40 names remained unchanged. Net foreign selling persisted, rising to P102.84 million from the previous session’s P82.88-million net outflow.
Source: https://www.bworldonline.com/main-index-snaps-rally-on-geopolitical-concerns/
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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 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.