Top Ten Smart Money Moves – September 21, 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 September 21, 2017 Data)
Total Traded Value – PhP 7.957 Billion – Low
Advances Declines – (Ideal is 2:1) 107 Advances vs. 95 Declines = 1.13:1 Neutral
Total Foreign Buying – PhP 4.163 Billion
Total Foreign Selling – (PhP 3.941) Billion
Net Foreign Buying (Selling) – PhP 0.222 Billion – second day of Net Foreign Buying after a day of Net Foreign Selling
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:
Stocks climb further after Fed policy statement
September 22, 2017
PROFIT TAKING got in the way of what was looking to be another closing high for the Philippine Stock Exchange index (PSEi) on Thursday, but the momentum stays and can propel local equities’ further ascent, analysts said.
The Philippine Stock Exchange index (PSEi) breached the 8,300 level and rose to a fresh all-time intraday high of 8,321.81 on September 21, 2017. — PSE
After rising by more than 1% in early afternoon trading, the PSEi settled with a 67.54-point gain or 0.82% to close at 8,286.86, a few points away from its all-time high of 8,294.14 logged on Monday.
The all shares index climbed 30.96 points or 0.63% to 4,885.
“[It’s just profit taking, but the trend is unmistakably up,” said Miko S. Sayo, trader at Angping & Associates Securities, Inc.
Harry G. Liu, president of Summit Securities, Inc., said he was not seeing any factor that could block the main index’s rise.
“The investing public is showing confidence,” he said, adding the PSEi’s “measured move” was an indication of a likely takeoff.
During yesterday’s session, the PSEi breached the 8,300 level and hit a new all-time intraday high of 8,321.81. The PSE noted that the index had gained 21.1% since the start of the year.
“I think 10,000 is good target to reach,” Mr. Liu said, adding that the level is “noticeable” and a “technical possibility.” He said 8,300 or 8,400 could be hit with the presence of a positive impetus, as he was not seeing any long-term problem that would be a cause for worry.
He said the protest movements during yesterday’s 45th anniversary of the martial law declaration in 1972 had not caused disruption in the stock and currency markets.
Mr. Liu added that the 10,000 level could be reached in a year or two, as technical charts show a line steadily moving upwards.
“Technicals move only with fundamentals behind it. Technicals move ahead of fundamentals,” he said. “Market buys on anticipation of profit.”
All sectors finished in the green. Holding firms led the rise with a 103.64-point climb or 1.27% to finish at 8,246.46. Industrials closed higher by 111.42 points or 0.98% to 11,452.58; services rose by 11.42 points or 0.66% to 1,731.62; the mining and oil index gained 58.47 points or 0.42% to close at 13,984.75; financials advanced by 4.56 points or 0.23% to 1,987.42; while property stocks moved up by 2.09 points or 0.05% to finish at 3,969.12.
Advancers outnumbered decliners at 107 to 95, while 54 issues closed unchanged. Trading value was at P7.96 billion, up from P7.09 billion the other day, with 1.7 billion shares changing hands.
Foreigners were net buyers at P222.18 million, down from the other day’s P380.43 million.
Southeast Asian stock markets were subdued on Thursday after the US Federal Reserve announced a plan to start shrinking its balance sheet and signaled one more rate hike later this year.
As expected, the Fed said it would begin to trim its massive holding of US Treasury bonds and mortgage-backed securities acquired in the years after the 2008 financial crisis.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.4%. — V.V. Saulon with Reuters
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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: firstname.lastname@example.org Subject: The Responsible Trader – Hard Copy.
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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 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.