Top Ten Smart Money Moves – September 26, 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 26, 2016 Data)
Total Traded Value – PhP 7.222 Billion – Low
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 123 Declines vs. 62 Advances = 1.98:1 Neutral
Total Foreign Buying – PhP 3.898 Billion
Total Foreign Selling – (PhP 3.915) Billion
Net Foreign Buying (Selling) (PhP 0.0170) Billion – 23rd 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 falls back to 7,600 as bleeding continues
Posted on September 27, 2016
By Keith Richard D. Mariano, Reporter
LOCAL STOCKS continued to bleed when trading resumed on Monday, with the benchmark falling back to the 7,600 level, in sync with regional peers’ weak performances ahead of the presidential debates in the United States and the meeting of major oil producers.
The Philippine Stock Exchange index (PSEi) settled at 7,632.46 after losing another 91.14 points or 1.18% throughout the session. The broader all-shares likewise dropped by 50.11 points or 1.09% to close at 4,536.60.
“For this session’s rout, I think we just followed the broad decline among Asian markets, which took their cue from Wall Street’s decline last Friday,” Ralph Christian G. Bodollo, research analyst at RCBC Securities, Inc., said in a mobile phone message.
“In a way that intensified the profit taking following the Thursday rally,” Mr. Bodollo said, with the local market succumbing to investors cashing in gains from a four-session winning streak at the close of last week’s trading.
Philippine equities plunged along with other Asian shares on Monday amid still dim growth outlook for the global economy, Jonathan J. Latuja, research analyst at Unicapital Securities, Inc., noted in a mobile phone message.
“Since 2008 recession, the global economy has yet to show signs of a recovery,” Mr. Latuja said, with the upcoming presidential elections in the world’s largest economy adding to the concerns particularly of foreign investors.
Mr. Latuja noted that local politics was not much of a concern among investors during the session, saying: “Regional and US markers were down, so I don’t think that local politics is the culprit for today’s decline of the PSEi.”
All counters ended in the negative territory, with property stocks retreating ahead by 60.12 points or 1.74% to 3,398.44. Services descended next by 26.45 points or 1.72% to 1,515.92; financials by 26.61 points or 1.43% to 1,834.42; mining and oil by 116.89 points or 1.06% to 10,894.46; holding firms by 76.66 points or 1% to 7,587.77; and industrial by 15.67 points or 0.13% to 11,889.19.
Unicapital Securities’ Mr. Latuja said the meeting of the Organization of the Petroleum Exporting Countries in Algiers on Sept. 26-28 sidelined investors in the mining and oil sector, in particular. The group is expected to tackle the supply glut that has depressed oil prices across the globe.
Decliners outnumbered advancers by almost double, 123 to 62, while 45 names were unchanged.
Value turnover further decreased to P7.22 billion, after 1.29 billion issues exchanged hands, from the P7.61 billion recorded on Friday. Foreign selling, however, decelerated during the session, with the net sales declining 16 times to P16.91 million from P270.50 million.
“I believe the decision of [the US Federal Reserve] to delay rate hike is reason enough for these funds to pause from pulling out money from the emerging markets, including us,” RCBC Securities’ Mr. Bodollo noted.
THANK YOU VERY MUCH FOR YOUR SUPPORT! WE MADE IT TO THE TOP FIVE
Angat Pilipinas Coalition for Financial Literacy Polls for the Influential Author of the Year was announced with Marvin Germo as the winner. Congratulations to Marvin for winning.
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/
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)
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