Top Ten Smart Money Moves – November 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.
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Trading Notes for Today – (Based on November 6, 2018 Data)
Total Traded Value – PhP 6.764 Billion – Low
Advances Declines – (Ideal is 2:1) 103 Declines vs. 82 Advances = 1.26:1 Neutral
Total Foreign Buying PhP 3.197 Billion
Total Foreign Selling – (PhP 3.990) Billion
Net Foreign Buying (Selling) – (PhP 0.793) Billion – 2nd day of Net Foreign Selling after a day 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 decline on steady October inflation print
November 6, 2018 | 9:00 pm
By Arra B. Francia, Reporter
SHARES DROPPED on Tuesday after October’s inflation print came in higher than expected despite showing signs of slowing down.
The 30-company Philippine Stock Exchange index (PSEi) slipped 0.46% or 33.33 points to close at 7,180.11 yesterday, snapping the main index’s two-day rise. The broader all-shares index likewise slumped 0.44% or 19.37 points to 4,372.08.
“I think the market was slightly disappointed that the reported inflation rate was still at 6.7% or a little higher than consensus expectation of 6.5%,” PNB Securities, Inc. President Manuel Antonio G. Lisbona said via text.
“While the print was higher than expected, the fact that it was the same as last month’s reading strengthens the indication that inflation could be topping out already. Oil prices have started to ease, as well as that of rice and other food items, which hopefully will be reflected in next month’s reading,” he said.
The Philippine Statistics Authority reported on Tuesday a headline inflation rate of 6.7% for the month of October, steady from September’s figure. This falls within the Bangko Sentral ng Pilipinas’ 6.2-7% estimate range, but is higher than the Department of Finance’s 6.5% projection.
Regina Capital Development Corp. Managing Director Luis A. Limlingan noted that with inflation expectations out of the picture, investors will now look toward the third-quarter gross domestic product growth data.
“Though the median estimate is at 6.2%, more people are split as to whether growth had improved or not,” Mr. Limlingan said in a mobile message.
Most markets abroad ended mixed as they awaited the results of the midterm elections in the United States. The Dow Jones Industrial Average gained 0.76% or 190.87 points to 25,461.70, while the S&P 500 index added 0.56% or 15.25 points to 2,738.31. The Nasdaq Composite index dropped 0.38% or 28.14 points to 7,328.85.
Back home, four sectoral indices fell, led by the property counter which shed 2.68% or 94.15 points to 3,416.65. Services followed with a 0.78% or 11.72-point decrease to 1,474.74. Industrials dipped 0.11% or 12.75 points to 10,756.54, while financials went down 0.09% or 1.56 points to 1,609.68.
Meanwhile, the mining and oil sub-index climbed 1.45% or 140.74 points to 9,830.24, and holding firms rose 0.78% or 55.40 points to 7,139.80.
Some 1.15 billion issues switched hands, resulting in a P6.76-billion turnover, lower than the previous session’s P22 billion which due to the crossing of shares in Energy Development Corp. (EDC).
Decliners trumped advancers, 103 to 82, while 52 names remained unchanged.
Foreign investors were net sellers for the second straight day, although net outflows dropped to P793.47 million from Monday’s P5.76 billion. The previous session’s figure included the shares crossed from EDC, which will be exiting the PSE this month.
Source: https://www.bworldonline.com/shares-decline-on-steady-october-inflation-print/
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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.