Top Ten Smart Money Moves – March 15, 2018
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 March 15, 2018 Data)
Total Traded Value – PhP 7.592 Billion – Low
Advances Declines – (Ideal is 2:1) 118 Declines vs. 92 Advances = 1.28:1 Neutral
Total Foreign Buying PhP 3.166 Billion
Total Foreign Selling – (PhP 4.571) Billion
Net Foreign Buying (Selling) – (PhP 1.405 Billion) – 18th 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
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:
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PSE index extends slide on US retail sales report
March 15, 2018 | 8:59 pm
By Arra B. Francia, Reporter
THE Philippine Stock Exchange index (PSEi) took another beating on Thursday, falling by almost 10% from its latest record high logged in January, tracking regional markets as the United States saw weaker retail sales data.
The main index plunged 1.9% or 158.73 points to finish at 8,190.01 yesterday, while the broader all-shares index also dropped 1.37% or 69.41 points to 4,966.44.
Thursday’s close puts the index 9.58% below its all-time high record of 9,058.62 last Jan. 29.
“The main factor was that the US market was down substantially last night because of the unexpected retail sales, it was below the estimate,” Diversified Securities, Inc. equities trader Aniceto K. Pangan said in a phone interview on Thursday.
Regina Capital Development Corp. Managing Director Luis A. Limlingan noted the same, adding that trade war concerns also continued to weigh on investor sentiment.
“Philippine markets continued their slump as Wall Street posted sizable losses once more, with trade war concerns being at the center once again of attention. Much of the protectionist concern stemmed not only from the actions taken so far, but the prospect of further action, directed specifically at China,” Mr. Limlingan said in a mobile phone message.
US’ main indices were down on Wednesday, with the Dow Jones Industrial Average falling by a percentage point to 24,758.12. The S&P 500 index lost 0.57% to 2,749.48, while the Nasdaq Composite index also gave up 0.19% to 7,496.81.
In the local front, Diversified Securities’ Mr. Pangan said the faster inflation posted in February remained to be a factor for the PSEi’s slump.
“Also the inflationary pressures that were caused by tax reform, next week we’ll see if the BSP (Bangko Sentral ng Pilipinas) will adopt any change in the interest rate, considering inflation rate was beyond the range of 2-4%, based on 2006 base,” Mr. Pangan said, noting that inflation was still on the higher end of the government’s target despite adjusting the base to 2012.
The mining and oil sector was the lone sub-index that ended in positive territory, adding 0.06% to 11,403.05. The rest declined, led by property which shed 2.8% or 105.35 points to 3,654.56. Holding firms sunk 1.89% or 158.32 points to 8,202.05; industrials dipped 1.47% or 170.55 points to 11,420.04; financials slipped 1.21% to 2,144.48; while services were down 0.52% or 9.08 points to 1,724.19.
Some 8.14 billion issues valued at P7.59 billion switched hands, slightly up from the previous session’s turnover of P7.48 billion.
Decliners outpaced advancers, 118 to 92, as 47 issues remained unchanged.
Net foreign outflows persisted the 18th straight day at P1.40 billion, slightly lower than net sales of P1.43 billion on Wednesday.
Source: http://bworldonline.com/pse-index-extends-slide-us-retail-sales-report/
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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: ninjatrader919@gmail.com Subject: The Responsible Trader – Hard Copy.
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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.