Top Ten Smart Money Moves – July 18, 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 18, 2018 Data)
Total Traded Value – PhP 4.253 Billion – Low
Advances Declines – (Ideal is 2:1) 108 Advances vs. 76 Declines = 1.42:1 Neutral
Total Foreign Buying PhP 2.216 Billion
Total Foreign Selling – (PhP 2.012) Billion
Net Foreign Buying (Selling) PhP 0.204 Billion – first day of Net Foreign Buying after 9 days of Net Foreign Selling
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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Bourse ends at one-month peak on Fed cues
July 18, 2018 | 9:00 pm
By Arra B. Francia, Reporter
THE Philippine Stock Exchange index (PSEi) finished at a one-month high on Wednesday, drawing strength from Wall Street’s rise on Federal Reserve Chairman Jerome Powell’s optimistic remarks on the US economy and solid earnings results.
PSEi gained 69.69 points or 0.94% to close 7,451.37 — the best finish since June 18’s 7,414.11 — while the all-shares index climbed 27.13 points or 0.6% to 4,492.51.
Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message that PSEi’s “activity focused on the… statement from Powell and strong US macro data” that fueled the rise of all three major Wall Street indices.
Joining PSEi in its rise were Japan’s Nikkei (up 0.43%) and TOPIX indices (0.36%), while Hong Kong’s Hang Seng Index, the Shanghai SE Composite Index and the blue-chip Shanghai-Shenzhen CSI 300 gave up 0.23%, 0.35% and 0.52%, respectively.
China Bank Securities Corp. Research Director Garie G. Ouano said the PSEi’s rise was likely due to bargain hunting. “(The PSEi’s performance was) still likely just a continuation of broad bargain hunting after the index exited bear territory,” Mr. Ouano said in a text message. “The fact that the market largely ignored bad news today (e.g. more BSP rate hikes, weak auto sales) suggests that these developments have been price in already.”
Expectations have been mounting among bank economists that quickening inflation — which picked up for the sixth straight month to a fresh five-year-high 5.2% in June — will force the Bangko Sentral ng Pilipinas (BSP) to raise policy interest rates further next month after back-to-back increases of 25 basis points each in May and June.
All six sectoral indices moved to positive territory, led by the property sector which gained 1.35% or 48.83 points to 3,644.98, followed by holding firms that increased by 1.06% or 77.06 points to 7,307.31; mining and oil which climbed 0.84% or 81.67 points to 9,740.29; financials which rose by 0.64% or 11.77 points to 1,834.97; services which went up 0.52% or 7.53 points to 1,450.76; and industrials which added 0.33% or 35 points to 10,550.49.
Turnover picked up to P4.25 billion on Wednesday after some 1.24 billion issues changed hands, versus the preceding day’s 456.02 million issues worth P3.59 billion.
Stocks that gained outnumbered those that lost 108 to 76, while 52 others ended flat.
Overseas investors snapped their nine-day selling streak, ending Wednesday with P203.79-million net foreign buying.
Thirteen of the 20 most active stocks gained, including Ayala Land, Inc. (2.94% to P38.50); SM Investments Corp. (1.11% to P910) and SSI Group, Inc. (9.39% to P1.98) after announcing it will bring in New York-based burger joint Shake Shack by 2019. The five on the list that lost included Metropolitan Bank & Trust Co. (0.36% to P69.75) and Megawide Construction Corp. (6.59% to P17).
Source: http://bworldonline.com/bourse-ends-at-one-month-peak-on-fed-cues/
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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 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)
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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.