Top Ten Smart Money Moves – October 25, 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 October 25, 2018 Data)
Total Traded Value – PhP 5.499 Billion – Low
Advances Declines – (Ideal is 2:1) 146 Declines vs. 38 Advances = 3.84:1 Bearish
Total Foreign Buying PhP 2.260 Billion
Total Foreign Selling – (PhP 3.377 Billion
Net Foreign Buying (Selling) – (PhP 1.117) Billion – 41st 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:
==================================================
PSE index sinks below 7,000 on global sell-off
October 25, 2018 | 9:00 pm
By Arra B. Francia, Reporter
LOCAL STOCKS tumbled on Thursday, sending the main index back below the 7,000 level alongside the global equity sell-off that saw Wall Street indices wipe out their gains for the year.
The 30-company Philippine Stock Exchange index (PSEi) spiraled down 2.28% or 162.58 points to close at 6,966.84. The main index hit an intraday low of 6,941.10 before paring down losses by the end of the day’s session.
The broader all-shares index likewise plunged 1.85% or 81.07 points to 4,281.24.
“This onslaught is mainly brought by the US market sell-off. Dow, S&P and Nasdaq have recently entered correction territory followed by Asian markets also. This is brought by weaker sales of houses and mixed earnings result, with Philippine equities affected by this negative sentiment,” Philstocks Financial, Inc. Research Associate Piper Chaucer E. Tan said via text.
Wall Street indices tanked overnight, with the Dow Jones Industrial Average dropping 2.41% or 608.01 points to 24,583.42. The S&P 500 index shed 3.09% or 84.59 points to 2,656.10, while the Nasdaq Composite index declined 4.43% or 329.14 points to 7,108.40.
“With global growth slowing, trade tensions escalating, and a string of weaker-than-expected Q3 earnings reports from US industrials, it was just a matter of time before equity markets worldwide finally dipped,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
Asian markets were not spared from the bloodbath, with MSCI’s broadest index of Asia-Pacific shares ex-Japan retreating by almost 2% on Thursday.
Back home, all sectoral indices moved to negative territory, led by property which gave up 2.64% or 92.92 points to 3,423.68. Financials followed with a 2.52% or 40.44-point decline to 1,562.08.
Industrials slumped 2.37% or 253.49 points to 10,432.05; holding firms slipped 1.93% or 134.70 points to 6,811.83; services went down 1.49% or 22.06 points to 1,457.97; while mining and oil fell 0.41% or 39.02 points to 9,426.18.
Decliners were about four times as many as advancers, 146 to 38, while 34 names remained unchanged.
Some 870.53 million issues switched hands valued at P5.50 billion, climbing from the previous session’s P4.64-billion turnover.
Net foreign outflows ballooned to P1.12 billion on Thursday, rising from the previous session’s P700.05-million net sales.
The list of 20 most actively traded stocks showed 16 losers, led by Universal Robina Corp. which released its earnings results on Thursday. The Gokongwei-led firm said attributable profit declined by 19% to P6.8 billion in the nine months ending September, blaming lower operating income and the weaker peso for the results.
Source: https://www.bworldonline.com/pse-index-sinks-below-7000-on-global-sell-off/
=====================================================
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)
===================================================
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.