Top Ten Smart Money Moves – October 12, 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 October 12, 2017 Data)
Total Traded Value – PhP 8.209 Billion – Medium
Advances Declines – (Ideal is 2:1) 122 Declines vs. 82 Advances = 1.49:1 Neutral
Total Foreign Buying – PhP 4.668 Billion
Total Foreign Selling – (PhP 4.421) Billion
Net Foreign Buying (Selling) – PhP 0.247 Billion –first 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
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 hits new record on Fed rate hike bets
October 13, 2017
THE BELLWETHER INDEX hit a fresh record high on Thursday following the minutes from the Federal Reserve’s September meeting and comments from central bank officials that maintained the US economy is stable enough to withstand another rate hike by the end of the year.
The Philippine Stock Exchange index (PSEi) climbed 0.53% or 44.34 points to 8,402.81, a fresh all-time high.
The broader all-shares index rose 0.41% or 20.40 points to 4,928.28 points.
“The market welcomed the favorable statements from the Fed last night, signaling a strong US economic rebound,” Lexter A. Azurin, senior equity analyst at AB Capital Securities, Inc., said in a text message on Thursday.
“Philippine markets resumed the upward trajectory as the minutes from the Federal Open Market Committee meeting confirmed what was on many analysts’ mind,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said.
Federal Reserve policy makers had a prolonged debate about the prospects of a pickup in inflation and slowing the path of future interest rate rises if it did not, according to the minutes of the US central bank’s last policy meeting last Sept. 19-20 released on Wednesday.
The readout of the meeting, at which the Fed announced it would begin this month to reduce its large bond portfolio mostly amassed following the financial crisis and unanimously voted to hold rates steady, also showed that officials remained mostly sanguine about the economic impact of recent hurricanes.
Nevertheless, many policy makers still felt that another rate increase this year “was likely to be warranted,” the Fed said.
The call to not lose faith in gradual rate rises was echoed on Wednesday by two Fed policy makers.
Kansas City Fed President Esther George urged her colleagues to be less fixated on the 2% inflation target and argued further rate hikes are necessary to ward off unwanted inflationary pressures. Likewise, the San Francisco Fed’s John Williams said that low unemployment also made him believe inflation was likely to move back to the Fed’s target.
Counters were mostly positive. Property surged 1.43% or 55.14 points to 3,912.10; industrials climbed 0.80% or 88.58 points to 11,056.06; holding firms went up 0.59% or 50.80 points to 8,637.95; and mining and oil gained 0.41% or 57.01 points to 13,790.65.
Meanwhile, services declined 0.98% or 17 points to 1,712.76 and financials dropped 0.10% or 2.05 points to 2,025.62.
Despite the PSEi’s new high, market breadth was still negative as decliners trumped advancers at 122 to 82, while 48 issues remained unchanged.
Value turnover declined Thursday to P8.21 billion from P11.63 billion as 3 billion shares changed hands.
Foreigners turned buyers with net purchases worth P247.24 million, reversing Wednesday’s net selling worth P1.3 billion. — J.C. Lim with Reuters
Source: http://bworldonline.com/pse-index-hits-new-record-fed-rate-hike-bets/
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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 continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:
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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)
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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.