Top Ten Smart Money Moves – October 3, 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 3, 2017 Data)
Total Traded Value – PhP 7.253 Billion – Low
Advances Declines – (Ideal is 2:1) 105 Advances vs. 94 Declines = 1.12:1 Neutral
Total Foreign Buying – PhP 3.110 Billion
Total Foreign Selling – (PhP 3.800) Billion
Net Foreign Buying (Selling) – (PhP 0.690) Billion – 2nd day of Net Foreign Selling after a day of Net Foreign Buying
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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Local stocks rise further to track global markets
October 4, 2017
STOCKS extended their climb to reach a new record high on Tuesday as investors anticipate the nearing approval of the government’s tax reform package.
The bellwether Philippine Stock Exchange index (PSEi) rose 0.68% or 56.65 points to 8,312.93.
Yesterday’s close was a fresh peak for the main index, eclipsing the 8,294.14 logged last Sept. 18.
The all-shares index climbed 0.5% or 24.64 points to 4,892.
“Philippine stocks broke new ground once more and US stock benchmarks traded in record territory Monday afternoon, as equities resumed a steady run-up that could set the tone for the final three months of 2017,” said Regina Capital Development Corp. Managing Director Luis A. Limlingan in a text message.
“The moves for stocks occurred amid an upbeat tone on Wall Street despite a mass shooting event in Las Vegas that is being described as the worst in US history. European stocks kicked off the week in an upbeat mood on Monday, getting a boost from a weaker euro that tumbled after violent clashes in Catalonia in Spain,” Mr. Limlingan added.
US stocks started the fourth quarter on a strong note on Monday, with all three major indexes hitting record high closes as data pointed to underlying strength in the economy.
The Dow Jones Industrial Average rose 152.51 points or 0.68% to 22,557.6; the S&P 500 gained 9.76 points or 0.39% to 2,529.12; and the Nasdaq Composite added 20.76 points or 0.32% to 6,516.72. All three posted record high closes.
“On catalysts, I’m looking at the passing of the tax reform package of the government,” said Ramon Emmanuel B. Badiola, equity analyst/trader at Meridian Securities, Inc. in a phone interview yesterday, although noting that the proposal’s impact will “not [be] that high in terms of the value,”
The Senate version of the tax reform bill is expected to generate up to P59.9 billion in additional revenues in the first year of implementation, much lower than the projected revenue programmed in the 2018 national budget and 55.23% lower than the P133.8 billion estimated net gain from the House version of the bill.
“We’re also eyeing the positive results of third-quarter earnings,” Mr. Badiola added.
Most sector counters went up on Tuesday.
Services led the charge, surging 1.17% or 20.10 points to 1,731.38; financials jumped 1.03% or 20.46 points to 1,996.97; holding firms climbed 0.52% or 44.05 points to 8,427.25; property went up 0.38% or 14.89 points to 3,901.92; and industrials inched up 0.08% or 9.25 points to 11,115.77. Only mining and oil closed in the red, falling 0.06% or 8.60 points to 13,879.19.
Advancers outnumbered losers at 105 to 94 as 55 issues were unchanged.
Value turnover went down to P7.25 billion from Monday’s P7.41 billion as 1.47 billion shares changed hands.
Foreigners continued to dump shares with net selling at P689.83 million, higher than Monday’s net outflow of P271.46 million. — Janina C. Lim with Reuters
Source: http://bworldonline.com/local-stocks-rise-track-global-markets/
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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)
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.