Top Ten Smart Money Moves – September 22, 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 22, 2016 Data)
Total Traded Value – PhP 8.488 Billion – Medium
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 109 Advances vs. 66 Declines = 1.65:1 Neutral
Total Foreign Buying – PhP 4.722 Billion
Total Foreign Selling – (PhP 4.802) Billion
Net Foreign Buying (Selling) (PhP 0.300) Billion – 21st 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 back above 7,700 mark as Fed holds steady
By Keith Richard D. Mariano, Reporter
Posted on September 23, 2016
THE MAIN INDEX soared toward the 7,700 mark on Thursday, after the Federal Reserve refrained from raising interest rates in the United States and subsequently eased concerns over a possible capital flight from emerging markets.
The Philippine Stock Exchange index (PSEi) rallied by 86.93 points or 1.13% to 7,762.35, extending its winning streak to four sessions. The broader all-shares likewise rose by 32.71 points or 0.71% to 4,603.05.
“The local market was up, as investors are again bullish on emerging markets as a sudden sizeable flight-to-safety move by foreign capital remains out of the picture,” Frank Gerard J. Barboza, equity trader at AP Securities, Inc., said in a mobile phone message.
Mr. Barboza attributed the bullishness of investors to the decision of the US central bank’s Federal Open Market Committee to defer another rate hike in a policy review that ended Wednesday in Washington.
Other markets in Southeast Asia climbed on Thursday, according to Reuters, following the decision of the Federal Reserve to keep interest rates in the world’s largest economy unchanged.
“The Fed’s decision to delay the interest rate increase has provided space for Asian lenders to even lower or maintain benchmark rate today (Thursday),” local brokerage DA Market Securities, Inc. noted in a market update.
All counters ended in the negative territory, except for the mining and oil sector that descended by 4.31 points or 0.04% to 10,860.27.
Services gained the most — 26.02 points or 1.70% — to close at 1,548.63. Holding firms rose by 101.56 points or 1.33% to 7,707.50; property by 28.17 points or 0.82% to 3,457.21; financials by 13.16 points or 0.70% to 1,868.25; and industrial by 73.70 points or 0.61% to 12,013.40.
Advancers led decliners, 109 versus 66, while 45 issues were unchanged. Investors traded 1.06 billion issues worth P8.49 billion. This compares with the P7.39 billion seen the previous session.
Foreign investors continued to dump more than what they bought, although net sales dropped over 11 times to P30.50 million from Wednesday’s P348.82 million.
“But again this may just be a chance to sell as a real bullish catalyst is hard to come by at this point for the index. Traders should become more cautious in the market as bias turns in favor of the bears,” AP Securities’ Mr. Barboza noted.
Investors have widely expected the Federal Reserve to leave interest rates unchanged this month although a December hike remains possible, First Grade Finance, Inc. Managing Director Astro C. del Castillo said separately.
“Moving forward, hopefully foreign funds will get back to the emerging markets,” Mr. del Castillo added.
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