Top Ten Smart Money Moves – February 26, 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 26, 2018 Data)
Total Traded Value – PhP 9.893 Billion – Medium
Advances Declines – (Ideal is 2:1) 112 Declines vs. 105 Advances = 1.07:1 Neutral
Total Foreign Buying – PhP 2.706 Billion
Total Foreign Selling – (PhP 4.237) Billion
Net Foreign Buying (Selling) – (PhP 1.531 Billion) – 5th 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 snap losing streak to track Wall St.’s rise
February 26, 2018 | 6:37 pm
LOCAL SHARES snapped their three-day losing streak on Monday, lifted by the upswing in global markets as the US Federal Reserve hinted on more rate hikes this year.
The 30-member Philippine Stock Exchange index (PSEi) climbed 0.38% or 32.42 points to 8,499.98 yesterday, managing to reverse intraday losses that saw the market sink to as low as 8,373.68.
The broader all-shares index also eked out a gain of 0.05% or 2.82 points to 5,066.38.
“The PSEi trailed the strong closing price of the US markets last Friday after US Fed’s John Williams chooses to stick with gradual rate hike this year versus the aggressive stand that investors have been before Jerome Powell took seat. I think that tamed the market’s bearish mood in the morning trade,” Timson Securities, Inc. equities trader Jervin S. de Celis said in a mobile phone message.
The Dow Jones Industrial Average went up 1.39% or 347.51 points to 25,309.99 last Friday, while the S&P 500 index and Nasdaq Composite index rose 1.6% to 2,747.30 and 1.77% to 7,337.39, respectively.
Most Asian indices also trekked higher on Monday, boosted by the performance in its international counterparts.
Back home, most sectoral indices were in positive territory, led by the financials sub-index that increased 1.59% or 34.7 points to 2,211.76. Industrials rose 0.81% or 90.32 points to 11,241.57; mining and oil added 0.60% or 73.97 points to 12,312.03; while holding firms inched up 0.41 point to 8,622.18.
On the other hand, the property sector dropped 0.83% or 31.77 points to 3,793.65, while services shed 0.39% or 6.93 points to 1,737.14.
Timson Securities’ Mr. De Celis said investors are looking forward to more earnings reports in order to boost stock prices in the weeks ahead.
“Our index stocks have to justify the expensive valuation of our market through their earnings performance and aggressive expansion for this year to convince investors to return despite the heavy foreign selling after peaking at 9,078,” Mr. De Celis said.
Meanwhile, Papa Securities Corp. still expects uncertainties moving forward.
“We might see more hesitation in the next few weeks especially if investors anticipate higher inflation in February, and rising benchmark rates,” Papa Securities trader Gabriel Perez said in an e-mail, adding that both the US Fed and Bangko Sentral ng Pilipinas will hold their policy meetings on March 21 and 22, respectively.
Some 4.81 billion issues valued at P9.89 billion switched hands yesterday, slightly higher than Friday’s value turnover of P9.24 billion.
Despite the increase in the main index, declining stocks still outpaced those that advanced, 112 to 105, as 43 names remained unchanged.
Net foreign selling swelled to P1.53 billion on Monday against last Friday’s net sales of P1.04 billion. — Arra B. Francia
Source: http://bworldonline.com/shares-snap-losing-streak-track-wall-st-s-rise/
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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.
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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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.