Top Ten Smart Money Moves – May 11, 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 May 11, 2017 Data)
Total Traded Value – PhP 15.588 Billion – High
Advances Declines Ratio – (Ideal is 2:1) 108 Advances vs. 94 Declines = 1.15:1 Neutral
Total Foreign Buying – PhP 10.069 Billion
Total Foreign Selling – (PhP 8.785) Billion
Net Foreign Buying (Selling) – PhP 1.284 Billion – 8th day of Net Foreign Buying after a day 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
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 lifted by foreign buying, region’s rally
Posted on May 12, 2017
LOCAL STOCKS returned to the green territory on Thursday on foreign buying as investors digest more corporate earnings results.
The Philippine Stock Exchange index (PSEi) advanced 0.28% or 22.23 points to 7,816.40 yesterday, clawing back from some losses that brought it back to 7,700 level the day before.
The all-shares gauge likewise climbed 0.27% or 12.93 points to reach 4,656.88 at the closing bell.
The PSEi touched a low of 7,773.17 and a high of 7,863.97 yesterday.
“There was no change in the overall picture,” Summit Securities, Inc. President Harry G. Liu said via phone on Thursday.
“It was just an ongoing consolidation as investors are slowly buying on the support level, awaiting for new economic developments going to the GDP (Gross Domestic Product) release next week.”
Most sectoral indices ended in the positive territory yesterday with property leading the gainers after adding 0.71% or 25.18 points to 3,558.46. Holding firms rose 0.70% or 55.41 points to close at 7,917.89; mining and oil gained 0.35% or 44.21 points to 12,680.54; and financials increased 0.21% or 4.06 points to 1,910.31.
Industrial and services saw declines at the end of Thursday’s session. Industrial lost 0.28% or 32.30 points to 11,201.14, while services also fell 0.74% or 12.16 points to 1,625.15.
AB Capital Senior Research Analyst Lexter L . Azurin said the market this week “will be closely monitoring” the performance of new South Korean President Moon Jae-in and earnings from top companies, as well as would rely on optimism over first quarter GDP results due out on May 18.
“It will mostly be earnings-driven this week and looking forward to Q1 GDP. Initial statements suggest favorable figures,” he said.
Equity markets rallied across Asia, with South Korean shares rebounding to a new record and Shanghai stocks reversing an earlier loss.
Wall Street wavered on Wednesday after US President Donald J. Trump fired his FBI chief.
Yesterday saw more advancers than decliners 108 to 94, while 45 stocks were unchanged.
Investors traded more issues on Thursday at 3.92 billion, with value surging to P15.59 billion from the previous day’s P10.46 billion.
Foreign funds, meanwhile bought more shares than they sold. Foreigners bought shares worth P10.07 billion (from P4.90 billion) and sold P8.78 billion (from P4.36 billion), resulting in a net buying of P1.28 billion, also more than the P540.22 million recorded on Wednesday.
From today “to the medium term,” Mr. Liu of Summit Securities said the market will continue to consolidate.
“I think market will be technically moving the support at 7,700 and resistance at 8,000. Long term trend is looking upward,” he added. — I.C.C. Delavin with Bloomberg
Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-lifted-by-foreign-buying-region&8217s-rally&id=145114
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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.
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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