Top Ten Smart Money Moves – September 20, 2016
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 September 20, 2016 Data)
Total Traded Value – PhP 6.377 Billion – Low
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 107 Advances vs. 72 Declines = 1.49:1 Neutral
Total Foreign Buying – PhP 3.564 Billion
Total Foreign Selling – (PhP 3.937) Billion
Net Foreign Buying (Selling) (PhP 0.373) Billion – 19th day of Net Foreign Selling after a 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
From now on, I will just quote the related article from Business World so that we will have everything in one piece: ==================================================
PSEi extends climb as investors pick up bargains
By Keith Richard D. Mariano, Reporter
Posted on September 21, 2016
STOCKS further advanced on Tuesday after investors continued to hunt for bargains while awaiting monetary policy actions in Japan and the United States.
The Philippine Stock Exchange index (PSEi) climbed 95.88 points or 1.26% to 7.671.72, while the broader all-shares rose 21.58 points or 0.47% to 4,563.55 amid thin trading.
“It’s more of a recovery after the oversold condition that prevailed on the market these past trading days,” Aniceto K. Pangan, trader at Diversified Securities, Inc., said in a telephone interview.
The PSEi, which recovered 22.08 points or 0.29% to 7,575.84 on Monday, continued its ascent as soon as trading resumed on Tuesday. The bellwether opened at 7,590.19, the lowest level it touched during the session.
“The extent of the market’s decline since it last closed at the 8,100-level which reached as much as -7.5% has opened up bargains, in light of the still unchanged macroeconomic outlook,” Justino B. Calaycay, Jr., head of marketing and research at A&A Securities, Inc., said in a market note.
Investors, however, remain cautious ahead of the policy announcements of the Federal Reserve and the Bank of Japan (BoJ), Joylin F. Telagen, equity analyst at IB Gimenez Securities, Inc., noted in a mobile phone message.
Ms. Telagen cited the subdued trading activity in the market as a manifestation of the wait-and-see attitude of investors, with the value turnover dropping to P6.38 billion, after 1.26 billion shares exchanged hands, from Monday’s P7.21 billion.
“Traders took queues early from Japanese shares as they swung between gains and losses,” Luis A. Limlingan, managing director at Regina Capital Development Corp., said in a mobile phone message.
The industrial sector bucked the uptrend, dropping 27.03 points or 0.22% to 11,906.96.
Mining and oil stocks, meanwhile, buoyed the market most after soaring by 256.39 points or 2.45% to 10,692.42. Services also rose by 36.51 points or 2.43% to 1,534.21; property by 47.62 points or 1.41% to 3,413.37; holding firms by 101.55 points or 1.35% to 7,612.61; and financials by 10.98 points or 0.59% to 1,853.99.
Winners outnumbered losers, 107 to 72, while 48 issues were unchanged. Foreign selling declined to P372.53 million or barely half the net outflow of P892.20 million posted on Monday.
Diversified Securities’ Mr. Pangan expects the market’s recovery to continue until the Federal Open Market Committee (FOMC) and the BoJ announce their monetary policy decisions late Wednesday.
“Markets do not expect the FOMC to touch target rates at this time while wanting the BoJ to add more stimuli to prop the Japanese economy. The problem however, is that the BoJ must be innovative considering deposit rates are already negative,” A&A Securities’ Mr. Calaycay said.
THANK YOU VERY MUCH FOR YOUR SUPPORT! WE MADE IT TO THE TOP FIVE
Voting for the Angat Pilipinas Coalition for Financial Literacy Polls ended last night and we are glad to inform you that with your support, we were able to make it to the Top 5 in our Category – “Influential Author or the Year.” Apart from the online polls, there will still be judging of the Top 5 nominees for each category with most number of votes. The judges will come from three different independent institutions. We would like to thank you for your Support. Win or Lose, we did our Best and that is the most important thing. More than the votes we received a lot of encouragement and these keep us going in our advocacy: Responsible Trading. Again, from me and The Responsible Trader_com: Maraming salamat po sa inyong walang sawang pagtangkilik at umaasa kami ng mas maganda pang samahan ngayon, bukas at magpakailanman.
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/
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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 P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion