Top Ten Smart Money Moves – October 9, 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 3.996 Billion – Low
Advances Declines – (Ideal is 2:1) 103 Declines vs. 75 Advances = 1.37:1 Neutral
Total Foreign Buying PhP 1.967 Billion
Total Foreign Selling – (PhP 2.125) Billion
Net Foreign Buying (Selling) – (PhP 0.158) Billion – 29th 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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Main index ekes out gain on last-minute buying
October 9, 2018 | 9:00 pm
By Arra B. Francia, Reporter
STOCKS eked out gains on Tuesday after posting losses for most of the session, as foreign investors continued to flee the market without any signs of new catalysts to bring them back.
The benchmark Philippine Stock Exchange index (PSEi) added 0.12% or 8.56 points to 7,059.38 yesterday, snapping a three-day losing streak amid relatively thin trading. In contrast, the broader all-shares index went down 0.27% or 12.15 points to 4,335.69.
“The index traded weakly the entire day, weighed down once again by net foreign selling… The PSEi was saved by a round of MOC (market on close) buying however, which caused it to close a bit higher,” Papa Securities Corp. trader Gabriel Jose F. Perez said in an e-mail.
Regina Capital Development Corp. Senior Equity Analyst Rens V. Cruz II noted the same, blaming foreign selling for the main index’s performance.
“Foreign outflow continues to be a drag..Both the absence of positive catalyst, and the combination of disappointing economic numbers drove investors to reduce exposure to the market, and prevents re-entry,” Mr. Cruz said in a mobile message.
While net outflows slowed to P158.01 million compared to Monday’s figure of P527.90 million, yesterday showed the 29th straight session that foreign investors logged a net selling position.
Analysts attributed this to foreign investors’ preference for more developed countries versus emerging markets, as the US economy showed its continued strength alongside rising yields on 10-year US treasury notes.
“Domestic funds with increased risk-appetite due to cheaper valuation of 2nd to 3rd tier stocks were not enough to attract volume,” Mr. Cruz added.
Four sectoral indices moved to negative territory, led by mining and oil which lost 1.39% or 122.11 points to 8,635.08. Services dropped 0.67% or 10.20 points to 1,497.14, financials shed 0.46% or 7.30 points to 1,566.15, while holding firms slipped 0.14% or 10.13 points to 6,906.09.
Meanwhile, property jumped 1.18% or 41.16 points to 3,519.61, followed by industrials which gained 0.92% or 95.36 points to 10,427.26.
Turnover was flat at P4 billion after some 953.28 million issues switched hands.
Decliners prevailed for the day at 103 names, versus 75 advancers and the 53 that ended unchanged.
International markets ended mixed overnight, with the Dow Jones Industrial Average climbing 0.15% or 39.73 points to 26,486.78. The Nasdaq Composite index slumped 0.67% or 52.50 points, while the S&P 500 index also dipped 0.04% or 1.14 points to 2,884.43.
Most Asian markets also closed in negative territory due to fears on the US-China trade war, with China stocks leading the decline as investors shrugged off the central bank’s efforts to inject more money into their economy.
Papa Securities’ Mr. Perez placed the PSE index’s initial support at 6,923, or its intraday low so far this year.
Source: https://www.bworldonline.com/main-index-ekes-out-gain-on-last-minute-buying/
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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.