Top Ten Smart Money Moves – March 9, 2017
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 9, 2017 Data)
Total Traded Value – PhP 6.587 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 105 Declines vs. 84 Advances = 1.25:1 Neutral
Total Foreign Buying – PhP 3.530 Billion
Total Foreign Selling – (PhP 3.590 Billion)
Net Foreign Buying (Selling) – (PhP 0.060 Billion) – 2nd day of Net Foreign Selling after 2 days 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
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 barely changed as investors look to Fed
Posted on March 10, 2017
STOCKS traded flat on Thursday as investors stayed on the sidelines ahead of the US Federal Reserve’s policy review next week, where it is almost certain to raise interest rates.
The bellwether Philippine Stock Exchange index rose 0.01% or 0.89 point to end at 7,295.45 yesterday. The broader all shares index also inched up by 0.03% or 1.51 points to 4,402.81.
“Philippine markets once again traded flat to slightly up as the market waited for additional cues ahead of the FOMC (Federal Open Market Committee) meeting happening next week in the US,” said Regina Capital Development Corp. Managing Director Luis A. Limlingan in a text message yesterday.
“This happened despite the S&P 500 and the Dow [Jones Industrial Average] falling for a third session Wednesday as oil prices settled at a three-month low, dragging on energy stocks,” Mr. Limlingan said, adding that stronger economic data reinforced expectations of an interest rate hike when the Fed meets.
The ADP National Employment Report showed that private employment rose by 298,000 in February, well above consensus expectations for an increase of 187,000 and its fastest pace since April 2014.
“Market remains in consolidation as most investors are opting to play safe ahead of a probable US rate hike next week,” First Grade Finance, Inc. Managing Director Astro C. del Castillo said in a text message yesterday.
Mr. Castillo said the lack of major market influencers caused investors to sit on the sidelines. “Same trend is expected until the FOMC announcement,” he said.
Sectoral indices closed mixed on Thursday. Services climbed 0.92% or 13.6 points to 1,484.06; mining and oil went up 0.19% or 24.02 points to 12,367.04; and holding firms rose 0.18% or 13.48 points to 7,294.22 .
Meanwhile, property fell 0.30% or 10.08 points to 3,266.79; financials dropped 0.22% or 4.07 points to 1,837.77; and industrials declined 0.15% or 17.19 points to 11,026.67.
Value turnover dropped to P6.59 billion from the previous day’s P6.60 billion, with 5.08 billion shares changing hands on Thursday. Losers outnumbered gainers, 105 to 84, while 44 remained unchanged.
Foreigners continued to dump shares with net selling logged at P60.42 million, albeit lower than the previous day’s net outflow worth P310.13 million.
Other markets in the region were tepid with investors cautious ahead of the Fed meeting next week.
The Singapore index fell as much as 0.84% during the day. Trading volumes were low, as investors remained wary of a possible rate hike at the upcoming Fed meeting.
MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.87% as at 0517 GMT.
The Thailand index fell nearly half a percent, with energy stocks losing ground. Indonesia was flat, with the index of the 45 most liquid stocks reflecting the subdued sentiment in the market. — J.C. Lim with Reuters
Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-barely-changed-as-investors-look-to-fed&id=141957
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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/.
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.
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