Top Ten Smart Money Moves – August 11, 2017

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.

 

Trading Notes for Today –  (Based on August 11,  2017  Data)

Total Traded Value –  PhP  5.505  Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 108 Declines vs. 60 Advances = 1.80:1  Neutral
Total Foreign Buying – PhP 2.661  Billion
Total Foreign Selling – (PhP  2.409)  Billion
Net Foreign Buying (Selling) –PhP 0.252  Billion – fourth day of Net Foreign Buying after a day of Net Foreign Selling

          

Data from the Philippine Stock Exchange

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Screenshot courtesy of: www.pse.com.ph

PSE HEAT MAP

PSE Heat Map_20170811

Screenshot courtesy of PSEGET

Top Ten Foreign Buying and Selling

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Top Ten in Total Traded Value

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Top Ten Gainers and Losers

TTGL_20170811

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 decline further on geopolitical concerns

August 11, 2017

LOCAL STOCKS declined on Thursday as negative sentiment reigned in regional markets amid the United States’ (US) heightening political tensions with North Korea.

The bellwether Philippine Stock Exchange index dropped 0.24% or 19.58 points to 7,966.25.
The broader all-shares index declined 0.3% or 14.57 points to 4,708.56 points.
“Right now the market is viewing it as a lot of saber-rattling and a lot of smoke, but not much fire,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message on Thursday, referring to the political tension between US and North Korea.
Southeast Asian stock markets, except Singapore and Vietnam, edged lower on Thursday as lingering tensions between the US and North Korea dampened risk appetite in the region, which is geographically close to the epicenter of this crisis.
Asian shares snapped a brief foray into positive territory earlier in the day to drop 0.9%, extending losses from Wednesday when strong rhetoric drove investors out of stocks and into textbook safe havens like gold and Treasuries.
Pyongyang’s state-run KCNA news agency said it was considering plans to fire four intermediate-range missiles to land 30-40 kilometers from Guam, a US Pacific territory home to a military base that includes a submarine squadron and an air base.
This comes after US President Donald J. Trump said on Tuesday North Korea “will be met with fire and fury like the world has never seen” if it threatened the United States again.
Summit Securities, Inc. President Harry G. Liu said investors are likewise still digesting corporate earnings results for the first half.
“Overall, it’s still within the resistance and support level consolidating in the medium term… We need better news to push it to the 8,100 [level],” Mr. Liu said in a phone interview yesterday.
Regina Capital’s Mr. Limlingan also noted that investors were waiting for the result of the Bangko Sentral ng Pilipinas’ (BSP) policy meeting.
After markets closed yesterday, the BSP announced it kept interest rates steady, noting the inflation environment “remains manageable.”

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Sectoral counters ended mixed on Thursday. Industrials slumped 1.61% or 176.19 points to 10,749.66; holding firms went down 1.12% or 89.35 points to 7,859.37; and mining and oil dropped 0.8% or 102.34 points to 12,608.72.
Meanwhile, services surged by 1.73% or 28.64 points to 1,684.46; financials climbed 0.42% or 8.45 points to 1,994.42; and property inched up 0.23% or 8.93 points to 3,786.66.
Decliners trumped advancers, 111 to 84, while 52 issues closed unchanged.
Value turnover stood at P5.17 billion on Thursday, lower than Wednesday’s P6.93 billion, as 1.17 billion issues changed hands.
Net foreign buying continued and was logged at P168.94 million yesterday, down from the P342.71 million seen the previous trading day. — J.C. Lim with Reuters

Source: http://bworldonline.com/stocks-decline-geopolitical-concerns/

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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.

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