Top Ten Smart Money Moves – October 2, 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.
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Total Foreign Buying PhP 3.312 Billion
Total Foreign Selling – (PhP 3.709) Billion
Net Foreign Buying (Selling) – (PhP 0.397) Billion – 24th day of Net Foreign Selling after 2 days of Net Foreign Buying
Data from the Philippine Stock Exchange
Screenshot courtesy of 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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Stocks slump as oil prices stoke inflation concerns
October 2, 2018 | 9:00 pm
By Arra B. Francia, Reporter
LOCAL EQUITIES tumbled on Tuesday as the rise of global oil prices heightened inflation fears alongside the continued sell-off by foreign investors.
The 30-company Philippine Stock Exchange index dropped 1.24% or 89.72 points to close at 7,132.36 yesterday, falling for the third consecutive session. The main index plunged to as low as 7,093.92 for the day before paring losses in time for closing bell.
The broader all-shares index also gave up 0.97% or 43.29 points to finish at 4,398.80.
“Crude oil price continues to be on the bullish uptrend now at more than $75 per barrel while net foreign selling persists weakening the peso. Both are inflationary in nature thus will further push prices upward,” Diversified Securities, Inc. trader Aniceto K. Pangan said via text on Tuesday.
Oil prices jumped to their highest in nearly four years overnight, as markets project tighter supply once the United States’ sanctions against Iran take effect next month.
“This has made the investors jittery resulting in the market selling,” Mr. Pangan added.
Meanwhile, Papa Securities Corp. trader Gabriel Jose F. Perez noted that index heavyweight SM Prime Holdings, Inc. contributed to the market’s loss, as it was sold down by 5%. The Sy-led firm recorded the highest foreign outflow for the day at P292.7 million.
Foreign investors ended at a net selling position for the 24th straight day with net outflows worth P397.38 million, lower than Monday’s P677.5 million.
In contrast, markets in the United States climbed after Washington and the Canadian government inked a deal to replace the North American Free Trade Agreement. US President Donald J. Trump called the deal “truly historic.”
With this, the Dow Jones Industrial Average rose 0.73% or 192.90 points to 26,651.21, while the S&P 500 index added 0.36% or 10.61 points to 2,924.59. The Nasdaq Composite index however dipped 0.11% or 9.05 points to 8,037.30.
Asian indices mostly fell on Tuesday following cautious view on the global economy.
Back home, sectoral indices suffered another bloodbath, led by the property sector with a decline of 3.65% or 132.28 points to 3,484.28. Mining and oil shed 2.49% or 221.20 points to 8,632.92; financials slipped 0.71% or 11.57 points to 1,609.11; holding firms went down 0.63% or 45.14 points to 7,015.43; industrials gave up 0.41% or 43.50 points to 10,431.80; while services dipped 0.11% or 1.74 points to 1,500.48.
Decliners outpaced advancers, 112 to 72, while 56 issues ended flat.
Some 921.4 million issues valued at P5.70 billion switched hands, rising from the previous session’s P4.23-billion turnover.
“We might however continue to see more of the lackluster volume in the next few days as the market awaits Friday’s inflation data release,” Papa Securities’ Mr. Perez said in an e-mail.
Source: https://www.bworldonline.com/stocks-slump-as-oil-prices-stoke-inflation-concerns/
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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.
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)
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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.