Top Ten Smart Money Moves – May 30, 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 30, 2018 Data)
Total Traded Value – PhP 7.359 Billion – Low
Advances Declines – (Ideal is 2:1) 132 Declines vs. 56 Advances = 2.36:1 Bearish
Total Foreign Buying PhP 3.746Billion
Total Foreign Selling – (PhP 4.964) Billion
Net Foreign Buying (Selling) (PhP 1.218) Billion – 11th 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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PSE index plunges to lowest level in over a year
May 30, 2018 | 9:00 pm
LOCAL EQUITIES plunged to their lowest level in more than a year on Wednesday, falling alongside international markets amid political tensions in European Union (EU) and recent developments in the trade war between United States and China.
The bellwether Philippine Stock Exchange index (PSEi) dropped 1.73% or 132.22 points to 7,470.14, breaking the 7,500 support level it has established in the previous weeks.
This is the market’s lowest close since April 4, 2017, when the market finished at 7,446.49.
The broader all-shares index also shed 1.49% or 69.36 points to 4,571.31.
“I think investors are on a risk off mode as they digest a string of negative news from the west. The worsening political crisis in Italy is swaying investors away from risky assets as the populist party, Five Star Movement shows their exit plan from the EU,” Timson Securities, Inc. Equities trader Jervin S. De Celis said in a mobile phone message yesterday.
“This is causing so much uncertainty in the market because other EU members may also follow what the UK did,” he added.
At the same time, the US announced on Tuesday that it will be handing China a list of goods that will be slapped with tariffs on June 15. This dampened anew prospects of an easing of trade war between the two economies.
Aside from these political tensions, analysts also pointed to the rising US Treasury (UST) yields, which continued to affect the local market.
“Philippine stocks plummeted with the Italian debacle and the 10-year UST yield falling sharply to below 2.80% on a flight to safety,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a separate message.
Overseas, the Dow Jones Industrial Average dropped 1.58% or 391.64 points to 24,361.45, while the S&P 500 index also dipped 1.16% or 31.47 points to 2,689.86. The Nasdaq Composite index went down 0.5% or 7.26 points to 7,396.59.
Back home, the mining and oil sector was the lone sub-index that ended in positive territory, albeit with a minimal gain of 0.15% or 15.27 points to 9,745.01.
The financials sector led decliners, losing 2.56% or 48.68 points to 1,850.38. Property plummeted 1.66% or 63.02 points to 3,732.75.
Holding firms slumped 1.43% or 106.34 points to 7,316.01, while services also went down 1.32% or 19.76 points to 1,469.10. Industrials slipped 0.70% or 76.50 points to 10,814.04.
Net foreign selling swelled to P1.22 billion from the P169.14-million outflow posted in the previous session.
Value turnover climbed to P7.36 billion after 926 million issues switched hands. This is higher than the P6.11-billion turnover recorded on Tuesday.
Decliners trumped advancers, 132 to 56, while 49 names were unchanged.
After breaking through its support level of 7,500 on Wednesday, Regina Capital’s Mr. Limlingan predicts the main index could fall to as low as 7,200 in the coming days. — Arra B. Francia
Source: http://bworldonline.com/pse-index-plunges-to-lowest-level-in-over-a-year/
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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 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.