Top Ten Smart Money Moves – June 1, 2016
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 June 1, 2016 Data)
Total Traded Value – PhP 8.170 Billion – Medium
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 104 Advances vs. 73 Declines = 1.42:1 Neutral
Total Foreign Buying – PhP 5.495 Billion
Total Foreign Selling – (Php 5.027) Billion
Net Foreign Buying (Selling) Php 0.468 Billion – 6th day of Net Foreign Buying after 3 days of Net Foreign Selling
Data from the Philippine Stock Exchange‘
Screenshot courtesy of: www.pse.com.ph
PSE Heat Map
Screenshot courtesy of: PSEGET Software
Top Ten Foreign Buying and Selling
Top Ten in Total Traded Value
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
==================================================
Posted on June 01, 2016 08:53:00 PM
Stocks rebound on positive data out of US, China
STOCKS bounced back on Wednesday, as upbeat economic data from China and the United States buoyed investor sentiment.
The bellwether Philippine Stock Exchange index (PSEi) gained 99.19 points or 1.34% to close at 7,500.79.
The broader all-shares index added 46.35 points or 1.04% to settle at 4,479.17.
Luis A. Limlingan, business development head at Regina Capital Development Corp., cited China’s official Purchasing Managers’ Index (PMI) to have moved markets in the region.
“Regionally, China PMI came slightly better than anticipated at 50.1 [versus] 50.0,” Mr. Limlingan said in a text message.
China’s manufacturing gauge was unchanged in May from the previous month although the output sub-index rose, newswire service Reuters reported.
Mr. Limlingan noted US stocks closed “narrowly mixed” as data pointed to a drop in consumer confidence despite upbeat consumer spending.
“The major averages climbed off session lows in the final hour on the back of a US$1 billion-plus on-close buy imbalance,” Mr. Limlingan added.
Summit Securities, Inc. President Harry G. Liu, however, noted that Wednesday’s trading reflected a continuing consolidation in the local bourse.
“It’s a continuation of the positive attitude towards the long term. The developments, the president’s direction [and] what he’s doing… the investing public is taking it with a positive attitude.”
Mr. Liu further noted that investors continue to better understand the San Miguel Corp.’s decision to sell its telecommunications assets to Philippine Long Distance Telephone Co. and Globe Telecom, Inc.
Most subindices ended in the green save for mining and oil, which dropped 55.16 points or 0.49% to 10.994.40.
Among gainers, the property counter posted the biggest advance at 53.15 points or 1.69% to 3,189.64. The services index followed, adding 23.48 points or 1.53% to settle at 1,551.46, while industrials gained 153.33 points or 1.32% to 11,731.07; holding firms rose 75.98 points or 1.02% to 7,497.47; and financials went up 15.9 points or 0.94% to 1,693.73.
Value turnover reached P8.17 billion after 2 billion shares changed hands. This was only a fourth of the P32.80 billion recorded on Tuesday.
Wednesday’s trading saw 104 stocks advance, 73 decline and 56 remain unchanged.
Net foreign buying dropped to P468.08 million yesterday from the P2.31 billion seen last Tuesday.
Developments in China, movements in global oil prices and interest rate adjustments in the US could have an impact on the local stock market, Mr. Liu said.
“As long as it’s absorbable, then the market will be stable,” Mr. Liu noted. “The market is acting more positive than negative.”
The main index could reach 7,800 to 8,000 upon breaching the 7,650 mark, with the resistance placed at the 6,800 level, Mr. Liu said. — K.R.D. Mariano
Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-rebound-on-positive-data-out-of-us-china&id=128406
==================================================
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 P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion
