Top Ten Smart Money Moves – February 28, 2017
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 28, 2017 Data)
Total Traded Value – PhP 7.100 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 116 Declines vs. 62 Advances = 1.87:1 Neutral
Total Foreign Buying – PhP 3.589 Billion
Total Foreign Selling – (PhP 4.360 Billion)
Net Foreign Buying (Selling) – (PhP 0.771) Billion – 2nd day of Net Foreign Selling after 2 days 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
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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PSEi declines further as investors look to Trump
Posted on March 01, 2017
THE Philippine Stock Exchange index (PSEi) extended its retreat on Tuesday to finish the month on a bad note mainly amid a lack of catalysts to drive the market higher.
The bellwether PSEi dropped by 0.28% or 20.38 points to close yesterday’s session at 7,212.09.
The broader all shares index closed lower by 15.97 points or 0.36% to 4,368.38.
“Philippine markets closed out the month in negative territory as US stocks pared morning losses and eventually closed the session in record territory after President Donald [J.] Trump said he would make a “big” statement on infrastructure in his Tuesday night address to a joint session of Congress,” said Luis A. Limlingan, business development head at Regina Capital Development Corp.
“Heightened expectations for a March interest rate hike also added to the pressure on bonds,” he added.
In the US, the probability of interest rates moving up has risen to almost 50%, he said, with chances of a May move by the Federal Reserve seen at 66.6% and a June hike at 78.4%.
Stocks were also dragged down by political uncertainties following Friday’s arrest of Senator Leila M. de Lima, who is a staunch critic of President Rodrigo R. Duterte’s war on drugs.
The arrest has “created some political tension, which I think is being used as a reason for lightening up on assets like equities,” said Jose A. Vistan, Jr., an analyst at AB Capital Securities, Inc.
Locally, holding firms and services companies were the only sectors that finished the month in the positive territory as they closed higher by 0.09% and 1.39% to 7,322.81 and 1,428.14, respectively.
The financials sector was the day’s biggest loser with a decline of 1.32% or 23.94 points to 1,778.50. The rest of the sectors slipped by less than a percentage point.
Trading value improved to P7.10 billion on Tuesday from P4.39 billion the other day as 2.28 billion shares changed hands.
Losers outnumbered gainers at 116 to 62, while 56 stocks closed unchanged.
Foreigners closed the month with a net selling of stocks worth P771.07 million, nearly six times more than the previous day’s net outflow of P131.70 million.
Most Southeast Asian stock markets moved sideways in thin trade on Tuesday as investors remained watchful of Mr. Trump’s speech later in the day to a joint session of Congress.
Markets have been awaiting more details on Mr. Trump’s proposed stimulus plans to judge if they would boost inflation and economic growth, and add to the case for higher US interest rates. Analysts have warned that a lack of clarity and details on the proposed plans may end Wall Street’s record-setting run.
The Thai index rose marginally as investors awaited January trade data due later in the day. Thailand’s industrial output rose for a third straight month in January, but missed expectations, the Industry Ministry said on Tuesday.
Singapore stocks lost 0.3%, on track for a third straight session of declines. Oil and natural gas sector led the losses. — VVS with Reuters
Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-declines-further-as-investors-look-to-trump&id=141425
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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/.
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.
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