Top Ten Smart Money Moves – October 24, 2017

Smart Money Moves_Final

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 October 24,  2017  Data)

Total Traded Value –  PhP  7.889  Billion – Low
Advances Declines – (Ideal is 2:1)   113 Declines vs. 80 Advances = 1.41:1  Neutral
Total Foreign Buying – PhP 3.851  Billion
Total Foreign Selling – (PhP  5.019)  Billion
Net Foreign Buying (Selling) – (PhP 1.168)  Billion – first day of Net Foreign Selling after a day of Net Foreign Buying

          

Data from the Philippine Stock Exchange

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Screenshot courtesy of: www.pse.com.ph

PSE HEAT MAP

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Screenshot courtesy of PSEGET

Top Ten Foreign Buying and Selling

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Top Ten in Total Traded Value

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Top Ten Gainers and Losers

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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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Bourse falls below 8,300 as profit taking persists

October 25, 2017

THE Philippine Stock Exchange (PSE) continued its retreat on Tuesday as investors continued to cash in on 10 near-successive record highs year to date since mid-September, with the benchmark index falling below the 8,300 line to its lowest level in three weeks.

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The PSE index lost 68.4 points or 0.81% to end 8,279.92 – its lowest point since its 8,256.28 finish last Oct. 2, while the all-shares index gave up 30.47 points or 0.62% to close 4,855.32. The six sectoral indices remained equally divided between those that lost and those that gained, while foreign investors reverted to net selling mode.
“The market took a breather today, and investors took advantage of high valuations and took profits since we’ve managed to post decent returns for these past few sessions,” AB Capital Securities, Inc. Senior Equity Analyst Lexter L. Azurin said in a mobile phone message yesterday.

Regina Capital Development Corp. Managing Director Luis A. Limlingan said separately via text that local shares “naturally… faced some resistance again after yesterday’s (Monday’s) dip” after “US stock market indexes took a pause from a string of record highs on Monday as major benchmarks came under pressure, with traders weighing the prospects for tax cuts and a mixed bag of earnings results.”

While all Wall Street retreated from last week’s record highs, many markets across Asia gained, with Japan’s Nikkei 225 and TOPIX Index, the Shanghai-Shenzhen CSI 300, South Korea’s KOSPI, Jakarta Composite, S&P/ASX 200 and the MSCI AC Asia Pacific rising by 0.50%, 0.67%, 0.73%, 0.02%, 0.28%, 0.06% and 0.09%, respectively.
Hong Kong’s Hang Seng Index, however, dropped by 0.53%.

Local sectoral indices that gained consisted of mining and oil which increased by 212.25 points or 1.64% to finish 13,079.94, services which rose by 3.41 points or 0.2% to 1,702.16 and industrials that edged up by 4.15 points or 0.03% to end 10,852.46.

Those that lost were financials which gave up 35.26 points or 1.72% to close 2,009.09, holding firms that went down 104.15 points or 1.22% to 8,422.76 and property which dropped 17.8 points or 0.45% to finish 3,913.08.

The list of Tuesday’s 20 most actively traded stocks saw Security Bank Corp.; Bloomberry Resorts Corp. and BDO Unibank, Inc. leading those that lost with falls of 4.23% to P249, 3.66% to P9.75 and 3.48% to P136 apiece, respectively. PLDT, Inc.; D&L Industries, Inc. and Robinsons Retail Holdings, Inc. led those that gained, adding 2.05% to P1,740, 1.39% to P10.20 and 1.09% to P93 apiece, respectively.

Yesterday saw stocks that lost still outnumbering those that advanced, 113 to 80, while 50 others were unchanged. Yesterday saw thinner trades, consisting of 670.66 million shares worth P7.89 billion compared to Monday’s 744.19 million stocks worth P13.29 billion. Tuesday saw P1.17-billion net foreign sales compared to Monday’s P7.57-billion net buying that had followed three straight trading days of net selling last week. – JCL

Source: http://bworldonline.com/bourse-falls-8300-profit-taking-persists/

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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.

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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:

WE ARE OUT OF WORDS-THANK YOU VERY MUCH

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.

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Book may also be obtained thru the branches of our publisher, Central Book Supply as follows:
• Quezon City (Main Branch): 927 Quezon Ave., Quezon City
(TEL. 372-35-50)
• SM MEGAMALL: 5th Level Bldg. A, SM Megamall, Ortigas Center, Mandaluyong City
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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)

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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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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.

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