Top Ten Smart Money Moves – February 22, 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 22, 2018 Data)
Total Traded Value – PhP 10.456 Billion – Medium
Advances Declines – (Ideal is 2:1) 136 Declines vs. 77 Advances = 1.77:1 Neutral
Total Foreign Buying – PhP 4.522 Billion
Total Foreign Selling – (PhP 4.912) Billion
Net Foreign Buying (Selling) – (PhP 0.390 Billion) – 3rd 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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Shares decline on hawkish Fed meeting minutes
February 22, 2018 | 7:54 pm
SHARES sank back to negative territory on Thursday, as hawkish tones from the United States Federal Open Market Committee (FOMC) prompted caution across global markets.
The main index shed 1.13% or 98.08 points to 8,515.57 Thursday, Feb. 22, quickly reverting its stance after managing to post gains in the previous session.
The broader all-shares index likewise dropped 0.68% or 34.98 points to 5,087.19.
“Rising bond yields continued to assert pressure on stocks in Wall Street, and the last FOMC minutes from then Chairman Janet Yellen giving strong sell signals to the Philippine market today. With the FOMC minutes indicating a slightly hawkish tone to inflation and growth in the US, markets globally took a precautionary stance,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said.
Minutes of the FOMC’s meeting last Jan. 30-31 stated that rate hikes will be implemented, alongside the US’ increased economic growth that is also triggering faster inflation.
US markets took this news negatively, with the Dow Jones Industrial Average losing 0.67% or 166.97 points to 24,797.78. The S&P 500 index gave up 0.55% or 14.93 points to 2,701.33, while the Nasdaq Composite index was down 0.22% or 16.08 points to 7,218.23.
Most Asian indices likewise followed suit, trekking lower today as investors turned cautious against the impending rate hikes.
Papa Securities Corp. noted that index heavyweight SM Investments Corp. (SMIC) also pulled down the market after falling 5% intraday and closing 3.55% lower to P950 apiece. Villar-led firms Golden Haven, Inc., which has posted a dizzying ascent in previous days, finally snapped its rally, losing 11.11% to P290 each.
“Looking forward, it might be best to remain cautious given the current volatility. The possibility of sudden downturns in the US market is also still ever-present, more so that US treasury yields are on the rise,” Papa Securities trader Gabriel Perez said in an e-mail on Thursday.
Most sectoral indices also posted a negative turn, with the mining and oil sector posting the largest loss at 1.87% or 231.52 points to 12,098.54. Holding firms followed with a decrease of 1.63% or 143.63 points to 8,623.05. Property moved 1.05% or 41.30 points lower to 3,862.19; financials dipped 0.78% or 17.51 points to 2,201.45; while industrials slipped 0.67% or 76.93 points to 11,245.09.
The services counter was the lone advancer, albeit gaining just 0.16 point to 1,745.60.
A total of 2.96 billion issues switched hands for a total value turnover of P10.46 billion, higher than Wednesday’s P9.53 billion.
Decliners outpaced advancers, 136 to 77, as 49 names closed flat.
Foreign investors were sellers for the third straight day, disposing a net P389.87 million from their portfolios. This is lower than Wednesday’s net sales of P516.38 million. — Arra B. Francia
Source: http://bworldonline.com/shares-decline-hawkish-fed-meeting-minutes/
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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 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:
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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.