Top Ten Smart Money Moves – May 23, 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 May 23, 2018 Data)
Total Traded Value – PhP 5.880 Billion – Low
Advances Declines – (Ideal is 2:1) 116 Declines vs. 66 Advances = 1.76:1 Neutral
Total Foreign Buying PhP 3.154 Billion
Total Foreign Selling – (PhP 3.804) Billion
Net Foreign Buying (Selling) (PhP 0.650) Billion – 6th day of Net Foreign Selling after 2 days of Net Foreign Buying
Data from the Philippine Stock Exchange
Screenshot courtesy of 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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Shares slide on uncertainty over US-China deal
May 23, 2018 | 9:00 pm
STOCKS FELL for the sixth consecutive session on Wednesday amid renewed geopolitical woes due to US President Donald J. Trump’s comments on trade talks with China.
The bellwether Philippine Stock Exchange index (PSEi) gave up 1.12% or 85.73 points to close at 7,560.47 yesterday.
The broader all-shares index likewise edged lower by 0.87% or 40.46 points to 4,612.
“Investors are still in risk-off mode particularly foreign funds who have been steadily liquidating since February. To date, net foreign selling has amounted to P47.8 billion for the year, almost reversing the net buy of P55 billion for the entire 2017,” PNB Securities, Inc. President Manuel Antonio G. Lisbona said in a text message.
Net foreign outflows for the day reached P649.85 million, higher than the previous session’s P628.52 million. This is the sixth day of net selling for the market.
“On the whole, foreign investors seem to be cashing in and adopting a risk-averse stance amid renewed concerns on trade between the US and China,” Mr. Lisbona said.
Mr. Trump said the US government did not arrive at a deal with China for its trade dispute, despite top US officials saying earlier they have agreed on a framework and have put the trade war on hold.
Wall Street also ended in the red following these developments. The Dow Jones Industrial Average plunged 0.72% or 178.88 points to 24,834.41. The S&P 500 index went down 0.31% or 8.57 points to 2,724.44, while the Nasdaq Composite index dipped 0.21% or 15.58 points to 7,378.46.
Most Southeast Asian stock markets likewise fell sharply on Wednesday as Mr. Trump tempered optimism over trade talks between Washington and Beijing, with Malaysia extending losses amid uncertainty over the size of debt its previous government had left behind.
Broader Asian stocks outside Japan were down 0.40% after Mr. Trump said he was not pleased with recent US-China trade talks, renewing uncertainty.
China Bank Securities Corp. Research Director Garie G. Ouano, meanwhile, attributed the PSEi’s decline to technicalities.
“Probably due to technical factors since there were no major market-moving developments today and the index has so far formed a trading range around 7800-7500,” Mr. Ouano said.
All sectoral indices closed in negative territory, led by holding firms with a 1.75% drop or 132.17 points to 7,381.05. Financials shed 1.52% or 28.65 points to 1,851.86, while services slipped 0.59% or 9.10 points to 1,514.29. Industrials went down 0.38% or 41.96 points to 10,905.02; mining and oil lost 0.28% or 28.27 points to 9,958.01; while property declined 0.07% or 3 points to 3,801.78.
A total of 1.86 billion issues switched hands resulting in a turnover of P5.88 billion, up from Tuesday’s P4.78 billion.
Decliners outpaced advancers, 116 to 66, while 55 issues remained unchanged. — Arra B. Francia with Reuters
Source: http://bworldonline.com/shares-slide-on-uncertainty-over-us-china-deal/
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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.
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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.