Top Ten Smart Money Moves – July 10, 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 July 10, 2018 Data)
Total Traded Value – PhP 5.065 Billion – Low
Advances Declines – (Ideal is 2:1) 113 Advances vs. 73 Declines = 1.55:1 Neutral
Total Foreign Buying PhP 2.817 Billion
Total Foreign Selling – (PhP 3.327) Billion
Net Foreign Buying (Selling) (PhP 0.510) Billion – 4th day of Net Foreign Selling after a day of Net Foreign Buying
Data from the Philippine Stock Exchange
Screenshot courtesy of 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:
==================================================
PHL stocks climb as trade war fears overseas ease
July 10, 2018 | 9:00 pm
LOCAL EQUITIES climbed on Tuesday, tracking the positive finishes of its global counterparts.
The bellwether Philippine Stock Exchange index (PSEi) firmed up 0.64% or 46.67 points to 7,233.29 Tuesday, July 10, while also slightly recovering from a thin value turnover in the previous session.
The broader all-shares index likewise gained 0.64% or 28.14 points to 4,413.44.
“Positive momentum from strength in the US markets last night helped prop up the local index today… The Dow Jones notably gained 320 points [on Monday] to close above its 50-day moving average for the first time in a few weeks (a positive sign in technical analysis) on the back of strong economic data amid trade war fears,” Papa Securities Corp. trader Gabriel Jose F. Perez said in an e-mail.
Wall Street rallied on Monday, lifted by the financial and services sectors after the release of strong economic data, allaying fears of the rising trade war between the United States and China.
The Dow Jones Industrial Average soared 1.31% or 320.11 points to 24,776.59, while the S&P 500 index rose 0.88% or 24.35 points to 2,784.17. The Nasdaq Composite index also posted an uptick of 0.88% or 67.81 points to 7,756.20.
Most Southeast Asian stock markets also climbed on Tuesday, with Singapore and Indonesia extending their rally, as US stocks gained overnight on hopes of strong corporate earnings, boosting positive sentiment across Asia.
“Global markets seemed to react better as we head into the first effective week of US-China trade tariffs. However, headlines of China tying new strings and opening up more cooperation globally might smoothen concerns for China imports/exports issues,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
Back home, all sectors ended in positive territory, led by financials which jumped 1.23% or 21.95 points to 1,795.96. Industrials went up 0.66% or 68.45 points to 10,299.50; services rose 0.52% or 7.34 points to 1,419.08; mining and oil added 0.44% or 42.75 points to 9,603.02; holding firms ended 0.39% or 27.48 points higher to 7,078.34; while property inched up 0.1% or 3.6 points to 3,556.73.
Some 697 million issues valued at P5.06 billion switched hands, much higher than the P3.38-billion turnover seen in the previous session.
Advancers outpaced decliners, 113 to 73, while 54 issues were unchanged. Eleven of the 20 most actively traded stocks rose on Tuesday, led by Metropolitan Bank & Trust Co., which added 1.4% to P68.80 each, and Ayala Corp., gaining 2.04% to P924 apiece.
Foreign investors remained in a net selling position, albeit thinner at P509 million compared to Monday’s P730-million net foreign outflows.
“Should the PSEi experience further upside [today], we look to its recent high of 7,348 as its initial resistance,” Papa Securities’ Mr. Perez said. — Arra B. Francia with Reuters
Source: http://bworldonline.com/phl-stocks-climb-as-trade-war-fears-overseas-ease/
=====================================================
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 can also be ordered online through our publisher, Central Book Supply. Just go to: http://central.com.ph/bookstoreplus then click Search – The Responsible Trader.
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)
===================================================
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.