Top Ten Smart Money Moves – October 5, 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 5, 2017 Data)
Total Traded Value – PhP 6.763 Billion – Low
Advances Declines – (Ideal is 2:1) 106 Declines vs. 90 Advances = 1.18:1 Neutral
Total Foreign Buying – PhP 3.530 Billion
Total Foreign Selling – (PhP 3.572) Billion
Net Foreign Buying (Selling) – (PhP 0.042) Billion –4th 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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Stocks drop as investors pocket profit from rally
October 6, 2017
SHARES finished in negative territory on Thursday as investors took profit from the previous days’ rallies, where the main index hit fresh record highs.
The bellwether Philippine Stock Exchange index dropped 0.60% or 50.04 points to 8,294.01.
“It’s just profit taking because we reached a new high,” Summit Securities, Inc. President Harry G. Liu said in a phone interview on Thursday.
At this point, Mr. Liu said volume has not expanded enough and markets may start consolidating.
“Philippine markets flatlined finally after consecutive days of breaking records,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message.
“Some inflationary concerns were also raised as the September tally of 3.4% came above the 3.1% median estimates. This prompted further speculation of a rate hike by our BSP (Bangko Sentral ng Pilipinas) towards the end of the year. Although the Dow Jones Industrial Average and S&P 500 cling to positive territory, internal readings of the broader market of stocks have already turned negative,” Mr. Limlingan added.
The Philippine Statistics Authority reported yesterday that prices of widely used goods and services increased by 3.4% last month, jumping from 3.1% in August and the 2.3% logged a year ago. It settled higher than market expectations at 3.2%, but still well within the 2.8-3.6% forecast range given by the BSP last week.
“The BSP remains of the view that the inflation environment will continue to be manageable over the policy horizon after taking into account the latest assessment of price levels in September,” BSP Governor Nestor A. Espenilla, Jr. said in a statement.
Meanwhile, US stocks edged up to extend their run of record closing highs on Wednesday as data on the services sector added to signs of strength in the economy and prospects for earnings.
The Dow Jones Industrial Average rose 19.97 points or 0.09% to end at 22,661.64, the S&P 500 gained 3.16 points or 0.12% to 2,537.74 and the Nasdaq Composite added 2.91 points, or 0.04% to 6,534.63.
Sector counters were mostly down. Mining and oil plunged 2.18% or 304.48 points to 13,265.57; holding firms declined 0.94% or 80.16 points to 8,372.82; property went down 0.64% or 25.06 points to 3,884.31; and industrials dropped 0.09% or 11.05 points to 11,169.64.
Meanwhile, services rose 0.26% or 4.57 points to 1,751.65 and financials expanded by just 0.18 point to 2,002.91.
Losers outnumbered advancers at 106 to 90, while 50 issues remained unchanged.
Value turnover rose to P6.76 billion from Wednesday’s P6.55 billion as P1.25 billion shares changed hands.
Foreign outflows continued and netted at P41.96 million, although down from net selling of P426.39 million in the previous day. — J.C. Lim with Reuters
Source: http://bworldonline.com/stocks-drop-investors-pocket-profit-rally/
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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.