Top Ten Smart Money Moves – February 12, 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 February 12, 2018 Data)
Total Traded Value – PhP 5.863 Billion – Low
Advances Declines – (Ideal is 2:1) 118 Declines vs. 94 Advances = 1.26:1 Neutral
Total Foreign Buying – PhP 2.004 Billion
Total Foreign Selling – (PhP 3.272) Billion
Net Foreign Buying (Selling) – (PhP 1.268) Billion – 12th day of Net Foreign Selling after a day of Net Foreign Buying
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:
==================================================
Stocks end lower on inflation, rate hike concerns
February 12, 2018 | 8:51 pm
SHARES continued to drop on Monday as investors stayed cautious amid fears of rate hikes and inflationary pressures that continue to affect Western markets.
The 30-company Philippine Stock Exchange index (PSEi) gave up 0.18% or 15.78 points yesterday to close at 8,487.91, marking the third day of losses for the bellwether.
The broader all-shares index also lost 0.04% or 2.48 points to finish at 5,025.90.
“Our index fell below 8,500 on the lack of fresh leads and the correction last week is still making investors stay in a cautious mood towards emerging markets like the Philippines,” Timson Securities, Inc. equity trader Jervin S. de Celis said in a mobile phone message.
Mr. De Celis noted that investors were also veering away from index stocks, as they “are the most affected when the Western markets dip due to inflation and rate hike fears.”
“Negative market sentiment continues from uncertainty amid wide swings in the US markets… We attribute this to lingering inflationary concerns as the BSP (Bangko Sentral ng Pilipinas) has revised its inflation target to 4.3% from 3.4% previously,” Papa Securities, Corp. Research Head Ramon Vicente T. Kabigting said in an e-mail.
The financial sector was the sole sub-index that managed to post gains, rising 0.65% or 14.35 points to 2,198.89.
On the other hand, the mining and oil counter was down 1.22% or 139.76 points to 11,284.45, followed by industrials, which dropped 0.82% or 95.53 points to 11,470.62. Property ended 0.29% or 11.26 points lower at 3,812.85; services slipped 0.24% or 4.18 points to 1,692.21; while holding firms shed 0.08% or 7.67 points to 8,607.61.
The market saw thinner trading on Monday, with a value turnover of P5.86 billion after some 2.39 million issues switched hands, down from the P8.62-billion turnover recorded last Friday.
Decliners trumped advancers, 118 to 94, while 36 issues were flat.
Net foreign selling, meanwhile, swelled to P1.27 billion today, significantly higher than the net outflow of P136.80 million recorded last Friday.
Papa Securities’ Mr. Kabigting attributed the increase on outbound funds to continued volatility in the market.
Meanwhile, Timson Securities’ Mr. De Celis said investors are looking forward to the corporate earnings season as well as the MSCI index rebalancing announcement on Tuesday, which will be effective on Mar. 1.
“I guess this will also urge investors to keep cash for more buying power to spend on the new stocks that will be included in the index.”
Meanwhile, most Southeast Asian stocks rose on Monday as Wall Street’s recovery in the last session instilled some confidence into Asian markets.
Wall Street’s main stock indexes climbed more than 1% on Friday, giving investors some solace after a week of major swings that shook the market out of months of calm. — Arra B. Francia with Reuters
Source: http://bworldonline.com/stocks-end-lower-inflation-rate-hike-concerns/
=====================================================
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.