Top Ten Smart Money Moves – January 10, 2018

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 January 10,  2018  Data)

Total Traded Value –  PhP  6.525  Billion –  Low
Advances Declines – (Ideal is 2:1)  105 Advances  vs. 104 Declines = 1.01:1 Neutral
Total Foreign Buying – PhP 3.555  Billion
Total Foreign Selling – (PhP 2.929)  Billion
Net Foreign Buying (Selling) – PhP 0.626  Billion – 4th day of Net Foreign Buying after a day of Net Foreign Selling

 

Data from the Philippine Stock Exchange

PSE_20180110

Screenshot courtesy of: www.pse.com.ph

PSE HEAT MAP

PSE Heat Map_20180110

Screenshot courtesy of PSEGET

Top Ten Foreign Buying and Selling

FBS_20180110

Top Ten in Total Traded Value

TTV_20180110

Top Ten Gainers and Losers

TTGL_20180110

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 flat as investors pocket gains from rally

January 11, 2018

By Arra B. Francia, Reporter

LOCAL STOCKS were flat on Wednesday as investors resorted to profit taking ahead of the release of 2017 financial reports next month.

BW_20180110

The benchmark Philippine Stock Exchange index (PSEi) barely moved yesterday, shedding 0.03% or 3.43 points to 8,920.29.

The broader all-shares index meanwhile gained 0.10% or 5.54 points to 5,144.17.

“Locally, the market was tired after successive winning sessions including the last days of December. Index saw some pullback amid a lack of news-flow in the local front and as investors await the corporate results season which will be in full swing next month,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said.

The main index has been setting new record highs in the previous days, breaching the 8,900 mark for the first time on Tuesday, riding on the anticipation for corporate income tax cuts under the second package of the tax reform program.

“We saw a ‘pause to refresh’ after yesterday’s (Tuesday’s) big gains. We may see more pullbacks but these are all buying opportunities. The mining sector really held the market together with gains from SCC (Semirara Mining and Power Corp.),” Eagle Equities, Inc. Research Head Christopher John Mangun said in a text message on Wednesday.

Overnight, Wall Street bounced back, with the Dow Jones Industrial Average rising 0.41% or 102.8 points to 25,385.50. The S&P 500 index picked up 0.13% or 3.58 points to 2,751.29, while the Nasdaq Composite index inched up 0.09% or 6.19 points to 7,163.58.

Back home, sectoral counters were split, with four advancers and two decliners. The mining and oil sub-index jumped 2.18% or 253.53 points to 11,863.52, followed by services, which rose 1.37% or 22.13 points to 1,636.04. Financials added 1.23% or 28.20 points to 2,320.72, while industrials climbed 0.23% or 27 points to 11,691.14.

On the other hand, property gave up 1.33% or 55.28 points to 4,082.66, as holding firms lost 0.38% or 34.69 points to 9,095.73.

A total of 672.17 million issues changed hands on Wednesday for a value turnover of P6.53 billion. This is thinner than the P8.36 billion recorded on Tuesday.

Advancers narrowly beat decliners, 105 to 104, while 53 issues remained unchanged.

Foreign investors continued their buying streak, with net foreign inflows recorded at P626.45 million, although this was less than half of the P1.42 billion posted on Tuesday.

Most other Southeast Asian stock markets took a breather on Wednesday, in line with Asian peers, with the Philippine index retreating from a record high on profit booking.

Asia shares ex-Japan slipped 0.30% after six straight days of gains that had taken it within a stone’s throw from a record high touched in November 2007. — with Reuters

Source: http://bworldonline.com/shares-flat-investors-pocket-gains-rally/

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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.

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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)

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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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