Top Ten Smart Money Moves – October 5, 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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Advances Declines – (Ideal is 2:1) 129 Declines vs. 66 Advances = 1.95:1 Neutral
Total Foreign Buying PhP 1.743 Billion
Total Foreign Selling – (PhP 2.628) Billion
Net Foreign Buying (Selling) – (PhP 0.885) Billion – 27th 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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Shares to decline further amid lack of fresh leads
October 8, 2018 | 12:01 am
SHARES may continue falling in the week ahead given the lack of catalysts that may encourage investors to return to the market.
The bellwether Philippine Stock Exchange index (PSEi) gave up 0.21% or 15.14 points to close at 7,078.20 on Friday, bringing its week-on-week loss to 2.73% or 198.62 points. Market participants stayed on the sidelines for most of the week as they focused on the release of September inflation data. The Philippine Statistics Authority announced on Friday that headline inflation printed at 6.7% last month.
The property and holding firms counters dragged the index, as they respectively dropped by 3.6% and 2% last week. Foreign investors also remained sellers, with average net outflows growing by 22% to P535 million each day.
“The index failed to close above the 7,200 support level which means the bottom that we saw back in July may not be the bottom that we had hoped for. Next key support level is at 7,000, and if that doesn’t hold there is no telling how low this market can go,” Eagle Equities, Inc. Research Head Christopher John Mangun said in a weekly market note.
Mr. Mangun noted that as US markets and the dollar get stronger, foreign funds will also continue fleeing the local stock exchange. So far, foreign investors have been in net selling mode for 27 consecutive trading days.
Online stock brokerage 2TradeAsia.com also explained that investors are expected to favor bonds. For instance, 10-year US Treasury yields jumped to around 3.2% last week, the highest recorded in the last seven years.
“In light of the US Fed[eral Reserve]’s expected adjustment on its widely followed rate, funds flow has favored fixed income, ahead of an expected jump in yields. This partly explains some fund managers’ portfolio reallocation in favor of fixed assets, while waiting for macro catalysts to warrant their risk appetite for equities,” 2TradeAsia.com said in a weekly market note.
Eagle Equities’ Mr. Mangun also noted that while the Bangko Sentral ng Pilipinas said inflation has peaked in September, rising crude oil prices may still lead to a faster print in the months ahead.
“Nothing is giving investors the peace of mind to get back into the market. Last year we saw a one-directional market to the upside and this year we might see the opposite unless something positive happens fast,” Mr. Mangun explained.
Meanwhile, 2TradeAsia.com said participants may also start looking to nine-month earnings results, with the deadline for submission scheduled on Nov. 15.
“Participants’ focus will be on nine month earnings results, with special emphasis on quarter-on-quarter improvements. Until the selling pressure ebbs, most might opt for defensive bets, especially for stocks worth holding for the long term with sustainable dividend yields,” it said.
The online brokerage placed the PSEi’s immediate support at 7,000, with resistance from 7,200 to 7,350. — Arra B. Francia
Source: https://www.bworldonline.com/shares-to-decline-further-amid-lack-of-fresh-leads/
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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.