Top Ten Smart Money Moves – March 19, 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 March 19, 2018 Data)
Total Traded Value – PhP 8.478 Billion – Medium
Advances Declines – (Ideal is 2:1) 168 Declines vs. 62 Advances = 2.71:1 Bearish
Total Foreign Buying PhP 3.829 Billion
Total Foreign Selling – (PhP 3.655) Billion
Net Foreign Buying (Selling) PhP 0.174 Billion – first day of Net Foreign Buying after 19 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
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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Local stocks end flat ahead of Fed policy review
March 19, 2018 | 7:39 pm
SHARES ended flat on Monday as investors chose to stay on the sidelines ahead of policy meetings by the local central bank and the United States’ Federal Reserve.
The bellwether Philippine Stock Exchange index (PSEi) went down 0.03% or 2.61 points to finish at 8,235.54, paring early day losses that saw the gauge hit a low of 8,169.
The broader all-shares index, meanwhile, dropped 0.67% or 33.70 points to 4,948.80.
“Philippine stocks traded rather flat to start the week as a series of central bank meetings will keep investors on the sidelines. Also US stocks closed just slightly higher on Friday so there was little impetus to bargain hunt,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message.
Wall Street recorded modest gains last Friday, with the Dow Jones Industrial Average adding 0.29% or 72.85 points to 24,946.51. The S&P 500 gained 0.17% or 4.68 points to 2,752.01, while the Nasdaq Composite Index closed unchanged at 7,481.99.
Asian indices, meanwhile, were mixed on Monday, as investors awaited the results of the United States Federal Reserve Open Market Committee policy meeting on March 20-21.
The Bangko Sentral ng Pilipinas is also set to conduct its policy meeting on March 22.
Four sectors moved to negative territory, with the mining and oil sub-index plunging 4.63% or 519.99 points to 10,702.84. Industrials shed 1.02% or 118.70 points to 11,500.72; services dropped 0.54% or 9.36 points to 1,719.87; while property edged lower by 0.12% or 4.48 points to 3,708.55.
On the other hand, financials increased 0.50% or 10.73 points to 2,152.73, while holding firms were mostly flat, up 0.05% or 4.79 points to 8,208.06.
A total of 5.01 billion issues valued at P8.48 billion switched hands, lower than Friday’s P19.7 billion.
Decliners trumped advancers, 168 to 62, while 37 issues were flat.
Foreign investors were back in the market, snapping their 19-day selling streak to log net purchases of P173.73 million on Monday against net sales which swelled to P2.52 billion last Friday.
Leisure and Resorts World Corp. was the top gainer for the day after confirming that its $500-million resort and casino in Boracay will push through, despite the ongoing clean-up in the island due to environmental concerns that tourism has done to the area.
Meanwhile, shares in Acesite (Philippines) Hotel Corp. and Waterfront Philippines, Inc. fell after announcing that hotel operations at the Manila Pavilion will be suspended until after the full extent of damage by the fire on Sunday has been assessed.
“Investors kept to cash even if it meant selling shares at more than 6% today,” Mr. Limlingan said.
Most Southeast Asian stock markets were also subdued on Monday, in line with broader Asia, as investors waited for clues on the US Federal Reserve’s policy tightening pace. — A.B. Francia with Reuters
Source: bworldonline.com/local-stocks-end-flat-ahead-of-fed-policy-review/
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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 continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:
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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.