Top Ten Smart Money Moves – September 8, 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 8, 2017 Data)
Total Traded Value – PhP 7.888 Billion – Low
Advances Declines – (Ideal is 2:1) 99 Advances vs. 92 Declines = 1.08:1 Neutral
Total Foreign Buying – PhP 4.359 Billion
Total Foreign Selling – (PhP 4.379) Billion
Net Foreign Buying (Selling) –(PhP 0.020) Billion – 4th day of Net Foreign Selling after 2 days 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
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:
==================================================
PSEi to move sideways amid global uncertainties
September 11, 2017
NORTH KOREA and the global tension it is creating remains as among the biggest market movers this week as the investing community awaits the results of the United Nations (UN) Security Council meeting on Sept. 11.
On Friday, the Philippine Stock Exchange index (PSEi) closed at 8,022.75, barely moving from the previous day.
Week on week, the bellwether index was higher than its 7,958.57 close last Aug. 31.
2TradeAsia, online arm of F. Yap Securities, Inc., said for this week, investors would focus on the UN members’ vote on whether to support the sanctions against Pyongyang after its “unabated” missile tests.
“So far, the US raised its call to ban crude oil shipments to [North Korea],” it said, citing the list to include a ban on that country’s textile exports, a prohibition on overseas employment and a freeze on the assets of Kim Jong Un.
The US on Friday told the UN Security Council that it intends to call a meeting on Monday to vote on a draft resolution establishing additional sanctions on North Korea for its missile and nuclear program, the US Mission to the UN said in a statement.
The US wants the Security Council to impose an oil embargo on North Korea, ban its exports of textiles and the hiring of North Korean laborers abroad, and to subject leader Kim Jong Un to an asset freeze and travel ban, according to a draft resolution seen by Reuters on Wednesday.
It was not immediately clear how North Korean ally China and Russia would vote, but a senior US official on Friday night expressed skepticism that either nation would accept anything more stringent than a ban on imports of North Korean textiles.
A Security Council resolution needs nine votes in favor and no vetoes by permanent members Britain, the US, France, Russia or China to pass.
2TradeAsia.com also noted that “the vacuum that will be created in the Fed[eral Reserve] from vice-chairman Stanley Fischer’s October departure might keep policy stances on hold for now.” Mr. Fischer’s resignation comes with the expected expiry of Fed chair Janet L. Yellen’s term in early 2018.
The brokerage said efforts are likely to be concentrated on recovery efforts post-Hurricane Harvey and Irma’s wrath, while waiting on the move from the US on its debt ceiling issue.
“We view this continuing this week, possibly with stronger emphasis on sectors that would benefit most ahead of the 4Q (fourth-quarter) seasonal spending kick,” it said, citing retailers, banks and property developers.
“Several might be inclined to position ahead of the much-anticipated approval of the tax acceleration program of the administration, prior to its implementation in 2018,” it added.
It advised investors to aim for modest gains while the PSEi is moving within a sideways pattern.
“Immediate support is 7,970, resistance 8,050-8,100,” it said. — VVS with Reuters
Source: http://bworldonline.com/psei-move-sideways-amid-global-uncertainties/
=====================================================
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.
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:
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.
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)
===================================================
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.