Top Ten Smart Money Moves – January 30, 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 January 30, 2018 Data)
Total Traded Value – PhP 10.054 Billion – Medium
Advances Declines – (Ideal is 2:1) 151 Declines vs. 58 Advances = 2.60:1 Bearish
Total Foreign Buying – PhP 3.469 Billion
Total Foreign Selling – (PhP 5.490) Billion
Net Foreign Buying (Selling) – (PhP 2.021) 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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Stocks decline to track sell-off in other markets
January 31, 2018
By Arra B. Francia, Reporter
STOCKS bled on Tuesday, tracking the sell-off seen in other regional markets after hitting consecutive record highs in previous weeks.
The 30-company Philippine Stock Exchange index (PSEi) dropped 1.63% or 148.14 points to settle at 8,910.48 yesterday, while the broader all-shares index lost 1.48% or 78.36 points to 5,194.64.
“I believe this is a correction, after we have been up from the start of the year within a span of less than a month. And the one that triggered this was the global market which was down today,” Diversified Securities, Inc. equity trader Aniceto K. Pangan said in a phone interview on Tuesday.
International markets were mostly down on Monday, with the Dow Jones Industrial Average shedding 0.67% or 177.23 points to 26,439.48. The Nasdaq Composite Index was down 0.52% or 39.27 points to 7,466.50, while the S&P 500 index dipped 0.67% or 19.34 points to 2,853.53.
Southeast Asian stock markets fell on Tuesday tracking Wall Street.
“Asian markets are tracking US equity markets, which finished broadly lower with tech and energy stocks accounting for much of the decline,” said Stephen Innes, head of trading in Asia-Pacific for Oanda in Singapore.
The dollar traded above a recent three-year low against a basket of major currencies on Tuesday, having drawn some support from a rise in US bond yields as traders awaited a Federal Reserve policy meeting for fresh catalysts.
BDO Capital and Investment Corp. President Eduardo V. Francisco also said the market’s decline was due to profit taking.
“There was just profit taking but fundamentals remain unchanged,” Mr. Francisco said.
Diversified Securities’ Mr. Pangan noted that yields in the United States had hit an all-time high on Monday at 2.7%, prompting investors to take profits.
“With the increase in rates, definitely this will reduce liquidity in the system…with that, it gave a signal to the investors to take profits,” he said.
All sectoral indices shed points on Tuesday. Holding firms slipped 1.85% or 173.18 points to 9,189.77; property was down 1.85% or 76.09 points to 4,028.38; mining and oil gave up 1.81% or 222.53 points to 12,011.52; services moved down 1.7% or 29.62 points to 1,706.68; industrials dropped 1.39% or 167.50 points to 11,849.03; while financials closed lower by 0.62% or 14.12 points to 2,244.03.
The market was valued at P10.05 billion yesterday after some 2.39 billion issues switched hands, higher than Monday’s P8.87 billion.
Decliners outpaced advancers, 151 to 58, as 55 issues remained unchanged.
Net foreign outflows widened to P2.02 billion on Tuesday from the P86.04 million recorded on Monday.
Mr. Pangan said the market could fall to as low as the 8,800 mark this week as it continues to correct. — with Reuters
Source: http://bworldonline.com/stocks-decline-track-sell-off-markets/
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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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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)
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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.