Top Ten Smart Money Moves – March 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 March 6, 2018 Data)
Total Traded Value – PhP 8.606 Billion – Medium
Advances Declines – (Ideal is 2:1) 122 Declines vs. 93 Advances = 1.31:1 Neutral
Total Foreign Buying PhP 3.941 Billion
Total Foreign Selling – (PhP 4.678) Billion
Net Foreign Buying (Selling) – (PhP 0.737 Billion) – 11th day of Net Foreign Selling after a day of Net Foreign Buying
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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Stocks extend decline on faster PHL inflation data
March 6, 2018 | 7:10 pm
STOCKS extended their decline on Tuesday following the release of February inflation data that accelerated to its fastest pace in three years.
The bellwether Philippine Stock Exchange index (PSEi) gave up 0.30% or 25.95 points to 8,360.22 today, marking its fifth consecutive day of losses.
The broader all-shares index also closed lower by 0.20% or 10.17 points to 5,033.72.
“Philippine markets closed lower as the lack of any positive developments led investors to sell down the market a fifth consecutive trading day. Investors were also surprised to see that based on the 2006 base, inflation for February came in at 4.5%,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message.
The Philippine Statistics Authority (PSA) reported that inflation for February — based on 2006 prices — stood at 4.5%, piercing the 2-4% target set by the Bangko Sentral ng Pilipinas (BSP), but within the BSP’s Department of Economic Research’s revised target range of 4-4.8%. The figure also breached the median 4.2% forecast from BusinessWorld’s poll of 14 economists.
This is the fastest inflation since August 2014’s 4.9%.
Using 2012 as the new base year, prices of widely used goods rose by 3.9% in February according to the PSA, picking up from 3.4% in January and 3.1% in February 2017.
“This raises the possibility of a rate hike in the upcoming Monetary Policy meeting this coming March 22,” Papa Securities Corp. Deputy Head of Research Arabelle C. Maghirang said in an e-mail.
International markets in contrast ended in positive territory, as concerns on the potential trade war triggered by US President Donald J. Trump’s statements eased. With this, the Dow Jones Industrial Average jumped 1.37% or 336.70 points to 24,874.76. The S&P 500 index added 1.1% or 29.69 points to 2,720.94, while the Nasdaq Composite index was up 1% to 7,330.71.
Majority of Asian indices tracked the positive movements of US markets as investors also relaxed their concerns on the trade war.
Back home, services was the lone sector that posted gains, climbing 0.55% or 9.65 points to 1,749.39.
Mining and oil recorded the largest decline, shedding 1.64% or 195.62 points to 11,731.05. Property dropped 0.88% or 33.54 to 3,749.67; financials lost 0.34% or 7.63 points to 2,178.24; industrials went down 0.27% or 31.45 points to 11,457.03; while holding firms slipped 0.14% or 11.81 points to close at 8,360.82 today.
Some 4.5 billion issues switched hands, resulting to a value turnover of P8.61 billion. This is higher than the P6.12-billion turnover recorded in the previous session.
Decliners trumped advancers 122 to 93, while 45 names were unchanged.
Foreign investors remained on a selling streak for the 11th day, as net outflows swelled to P737.18 million, against net sales of P290.15 million on Monday. — Arra B. Francia
Source: http://bworldonline.com/stocks-extend-decline-faster-phl-inflation-data/
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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:
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.