Top Ten Smart Money Moves – July 6, 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 6, 2018 Data)
Total Traded Value – PhP 4.857 Billion – Low
Advances Declines – (Ideal is 2:1) 127 Declines vs. 65 Advances = 1.95:1 Neutral
Total Foreign Buying PhP 2.289 Billion
Total Foreign Selling – (PhP 2.927) Billion
Net Foreign Buying (Selling) (PhP 0.638) Billion – 2nd 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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Stocks to move sideways ahead of Q2 earnings
July 9, 2018 | 12:01 am
By Arra B. Francia, Reporter
THE Philippine Stock Exchange index (PSEi) is likely to continue trading sideways this week as investors anticipate second-quarter results that could push trading volume higher.
The bellwether PSEi dropped 0.64% or 46.86 points to end at 7,186.71 on Friday following the release of inflation data for June, which turned out to be much higher than expected.
The Philippine Statistics Authority reported that inflation picked up to 5.2% last month, a fresh five-year high that beat the local central bank’s estimate range of 4.3-5.1% and the Department of Finance’s 4.9% estimate, as well as the 4.7% median in a BusinessWorld poll.
On a weekly basis, the index ended 6.97 points lower or 0.10%, with the industrial sector losing the most at 0.80%, versus the 1.6% gain of the services counter. Turnover slowed to P4.92 billion on average per day, lower by 22% from the week before.
“We started the month slow ending almost unchanged from the close in June. However, the index held support at 7,150 which is impressive despite the very low trading volume that we saw this week. Based on the technicals, the index will continue to trade sideways,” Eagle Equities, Inc. Research Head Christopher John Mangun said in a weekly market note.
Given higher inflation, online brokerage 2TradeAsia.com said people will be tightening their belts or at least cut back on non-essentials. This should prepare investors to put their money in assets with “good inflation hedge.”
“In equities, these are common in real estate assets and companies with solid recurring income sources… While controlling inflation rests on the hands of competent economic managers, it would be best to stay defensive by carefully selecting stocks anchored on business models where demand is supported,” 2TradeAsia.com said in a weekly market note.
Sectors with such demand include food and beverage, telco services, utilities, and fuel.
Philstocks Financial, Inc. said last week that good companies to invest in would be those with strong leasing income streams, such as SM Prime Holdings, Inc., Ayala Land, Inc., Megaworld Corp., and DoubleDragon Properties Corp.
Abroad, leads include developments on the trade war between the United States and China. While analysts noted the trade war has no direct impact on Philippine exports, it still continues to weigh on investor sentiment.
“All told, investors are simply scouting for opportunities to re-enter once negative headlines are fully absorbed. In the meantime, eyes are on first-half results and whether listed firms remain on track with their second-half prospects,” 2TradeAsia.com said.
Eagle Equities’ Mr. Mangun placed the index’s immediate support at 7,070, with resistance at 7,340.
“It’s all going to come down to volume, if we see more volume come in then we may end higher but if we get another low-volume week then we will see it come down even further,” Mr. Mangun said.
Source: http://bworldonline.com/stocks-to-move-sideways-ahead-of-q2-earnings/
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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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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.