Top Ten Smart Money Moves – October 1, 2018

Smart Money Moves_Final

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.

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Trading Notes for Today – (Based on October 1, 2018 Data)
Total Traded Value – PhP 4.235 Billion – Low
Advances Declines – (Ideal is 2:1) 101 Declines vs. 75 Advances  = 1.35:1 Neutral
Total Foreign Buying  PhP 2.050 Billion
Total Foreign Selling – (PhP 2.728)  Billion
Net Foreign Buying (Selling) – (PhP 0.678)  Billion – 23rd day of Net Foreign Selling after 2 days  of Net Foreign Buying

 

Data from the Philippine Stock Exchange

PSE_20181001

Screenshot courtesy of PSE.com.ph

PSE HEAT MAP

PSE Heat Map_20181001

Screenshot courtesy of PSEGET

Top Ten Foreign Buying and Selling

FBS_20181001

Top Ten in Total Traded Value

TTV_20181001

Top Ten Gainers and Losers

TTGL_20181001

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 falls ahead of Sept. inflation report

October 1, 2018 | 9:00 pm

By Arra B. Francia, Reporter

LOCAL SHARES fell on Monday as investors stayed on the sidelines while anticipating the release of inflation figures on Friday.

The benchmark Philippine Stock Exchange index (PSEi) started the first trading day of October and the fourth quarter on a negative note, giving up 0.75% or 54.74 points to finish at 7,222.08. The broader all-shares index also lost 0.51% or 22.83 points to 4,442.09.

“It was a slow and unenthusiastic start for October as the PSEi fell by as much as 100.62 points to its intraday low… Value turnover was noticeably weak at only P4 billion — which could be due to participants anticipating September’s inflation figure on Friday, Oct. 5,” Papa Securities Corp. trader Gabriel Jose F. Perez said in an e-mail.

Turnover weakened to P4.2 billion yesterday after some 705.5 million issues switched hands, compared to Friday’s P6 billion.

“We might see more of the low value turnover we’ve seen [on Monday] in the next few days as the market awaits Friday’s inflation release,” Mr. Perez added.

Regina Capital Development Corp. Managing Director Luis A. Limlingan said concerns are growing ahead of the next inflation report after the Bangko Sentral ng Pilipinas (BSP) gave an estimate of 6.3-7.1% for the September reading.
“The BSP has given a wide range, painting the possibility that this could hit as high as 7.1%,” Mr. Limlingan said in a mobile message.

In addition to its estimate range, the BSP said September inflation could have printed at 6.8%, while the Department of Finance said it could be unchanged from August’s 6.4% record.

The flat performance of international markets also failed to lift sentiments for the local index. Markets in the United States were mostly flat on Friday, with the Dow Jones Industrial Average adding 0.07% or 18.38 points to 26,458.31. The Nasdaq Composite index went up 0.05% or 4.39 points to 8,046.35, while the S&P 500 index slipped by 0.02 points to 2,913.98.

Most Asian indices also logged flat finishes as the China was closed for the Golden Week Holiday. The Hong Kong market was also closed for National Day celebration.

Back home, four sectoral indices ended in negative territory, including industrials which slumped 1.61% or 172.23 points to 10,475.30. Holding firms dropped 1.38% or 99.36 points to 7,060.57; mining and oil shed 1.31% or 117.88 points to 8,854.12; while property dipped 0.11% or 4.28 points to 3,616.56.

Meanwhile, services gained 0.48% or 7.25 points to 1,502.22, while financials barely moved, adding only 0.12 point to close at 1,620.68.

Decliners outpaced advancers, 101 to 75, while 53 names remained unchanged.
Foreign investors continued their selling spree, widening net outflows to P677.5 million from last Friday’s P29.1 million.

Source: https://www.bworldonline.com/pse-index-falls-ahead-of-sept-inflation-report/

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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.

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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)

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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)


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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.

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