Top Ten Smart Money Moves – July 17, 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 17, 2018 Data)
Total Traded Value – PhP 3.585 Billion – Low
Advances Declines – (Ideal is 2:1) 91 Advances vs. 90 Declines = 1.01:1 Neutral
Total Foreign Buying PhP 1.946 Billion
Total Foreign Selling – (PhP 2.427) Billion
Net Foreign Buying (Selling) (PhP 0.481) Billion – 9th 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:
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Investors turn attention to earnings reports
July 17, 2018 | 9:00 pm
By Arra B. Francia, Reporter
THE MAIN INDEX eked out last-minute gains on Tuesday after moving within a tight range as investors await the release of corporate earnings results in the coming weeks.
The 30-company Philippine Stock Exchange index (PSEi) climbed 12.24 points or 0.16% to finish at 7,381.68, bouncing back from the previous session’s losses, while the all-shares index added 2.78 points or 0.06% to 4,465.38.
“The Philippine market tried to rebound on opening, but failed to sustain its strength and traded in negative territory until market-on-close orders pushed it to finish 12.24 pts or 0.17% higher at 7,381.68,” RCBC Securities, Inc. noted in its Stock Market Daily Recap.
Timson Securities, Inc. trader Jervin S. de Celis said in a mobile phone message that “[i]nvestors are anticipating the release of second-quarter corporate earnings from some blue-chip companies in the next few weeks, though market participants are being selective.” “Although most of the index stocks have rallied from the past two weeks, our index is still trading below its average volume turnover,” Mr. De Celis added.
For Papa Securities Corp. trader Gabriel Jose F. Perez, PSEi’s performance reflected “hesitation felt all around,” noting in an e-mail that “7,400… remains to be the initial obstacle to overcome, but with the low volume we’ve been seeing and stochastics being overbought it might be best to still exercise caution.”
The six sectoral indices were equally divided between those that advanced and losers.
Those that gained consisted of services (up 14.04 points or 0.98% to 1,443.23), industrials (44.76 points or 0.42% to 10,515.49) and property (7.04 points or 0.19% to 3,596.15), while those that lost were holding firms (down 19.5 points or 0.26% to 7,230.25), financials (0.63 point or 0.03% to 1,823.20) and mining and oil (0.01% or 1.03 points to 9,658.62).
Some 456.02 million issues worth P3.59 billion changed hands, compared to Monday’s 919.84 million worth P4.28 billion. Stocks that gained narrowly outnumbered those that lost 91 to 90, while 55 others closed flat.
Net foreign selling persisted, growing 72.23% to P481.06 million from Monday’s P279.31 million. Timson Securities’ Mr. De Celis attributed this to investors’ anticipation of retail sales report and jobless claims in the United States this week that may persuade the US Federal Reserve to remain hawkish. “This may trigger further net foreign selling in that case,” Mr. De Celis said.
Half of Tuesday’s 20 most active stocks gained, led by Metropolitan Bank & Trust Co. (up 0.29% to P70 each); Ayala Land, Inc. (0.81% to P37.40); BDO Unibank, Inc. (0.86% to P129) and Universal Robina Corp. (1.63% to P130.80).
The same list showed eight that lost, including Security Bank Corp. (down 0.19% to P211.60), Megawide Construction Corp. (4.41% to P18.20) and Bank of the Philippine Islands (1.14% to P95.50 apiece).
Source: http://bworldonline.com/investors-turn-attention-to-earnings-reports/
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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.
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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.
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.