Top Ten Smart Money Moves – October 22, 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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Total Traded Value – PhP 4.447 Billion – Low
Advances Declines – (Ideal is 2:1) 107 Advances vs. 83 Declines = 1.29:1 Neutral
Total Foreign Buying PhP 2.564 Billion
Total Foreign Selling – (PhP 2.646 Billion
Net Foreign Buying (Selling) – (PhP 0.082) Billion – 38th 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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Stocks up as SM Prime kicks off earnings season
October 22, 2018 | 9:00 pm
LOCAL EQUITIES firmed up on Monday as investor sentiment improved in anticipation of the third-quarter earnings season.
The bellwether Philippine Stock Exchange index jumped 1.18% or 84.64 points to 7,236.16 yesterday. The broader all-shares index likewise rose 0.89% or 39.08 points to finish at 4,398.73.
“Philippine markets started the week on a positive note as investors gear up for the start of earnings season. Investors brushed off the weaker performance of the US stocks as this was due to the lower than expected housing data, overshadowing solid corporate earnings,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
SM Prime Holdings, Inc. was the first PSEi-member firm to disclose its financial performance for the first nine months of the year. The Sy-led company booked a 17% profit increase to P23.44 billion in the nine months ending September, following a 15% uptick in consolidated revenues to P74.56 billion.
Shares in SM Prime were the most actively traded for the day, gaining 1.16% to P34.90 each, with turnover valued at P441.41 million.
Papa Securities Corp. trader Gabriel Jose F. Perez attributed the market’s increase to the muted net foreign selling figure for the day, which slimmed to P82.88 million versus the P220.42-million net sales posted last Friday.
The main index bucked the general weakness seen in international markets over the weekend. Only the Dow Jones Industrial Average managed to rise last Friday, adding 0.26% or 64.89 points to 25,444.34. The S&P 500 index slipped by 0.04% to 2,767.78, while the Nasdaq Composite index dropped 0.48% or 36.11 points to 7,449.03.
Asian markets also ignored Wall Street’s weaker performance, as investors focused on Chinese officials’ assurance of economic growth, even as the Chinese economy expanded by 6.5% in the third quarter, its slowest since 2009.
Most sectoral indices ended in positive territory back home, led by financials which gained 1.73% or 27.98 points to 1,640.53. Holding firms went up 1.48% or 101.96 points to 6,969.33; property climbed 0.67% or 24.26 points to 3,602.07; industrials added 0.53% or 57.52 points to 10,864.35 and services was higher by 0.28% or 4.28 points to 1,491.97.
Only the mining and oil counter recorded losses, slumping 1.16% or 112.35 points to 9,505.45.
Some 688.55 million issues valued at P4.45 billion switched hands, dropping slightly from the previous session’s P4.94 billion.
Advancers beat decliners, 107 to 83, while 38 names remained unchanged.
“With the index breaking out of a significant support area around the 7,130-7,150 level, next resistance should be in the area of its 50- and 100-day moving averages, and at Sept. 24’s high of 7,400-7,430. A caveat, net foreign selling still remains present and total value turnover is still noticeably low,” Papa Securities’ Mr. Perez said. — Arra B. Francia
Source: https://www.bworldonline.com/stocks-up-as-sm-prime-kicks-off-earnings-season/
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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.