Top Ten Smart Money Moves – December 12, 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) 98 Advances vs. 85 Declines = 1.15:1 Neutral
Total Foreign Buying PhP 8.160 Billion
Total Foreign Selling – (PhP 2.644) Billion
Net Foreign Buying (Selling) – (PhP 0.985) Billion – 2nd day of Net Foreign Selling after a day 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 climb on Trump’s trade war comments
December 12, 2018 | 9:00 pm
By Arra B. Francia, Reporter
SHARES CLOSED on a positive note on Wednesday despite trading in the red for most of the day, as investors welcomed US President Donald J. Trump’s positive comments on reaching a trade deal with China.
The benchmark Philippine Stock Exchange index (PSEi) firmed up 0.49% or 37.16 points to 7,488.24. The broader all-shares index also gained 0.35% or 15.82 points to 4,494.55.
“Philippine shares settled for some modest gains, mirroring the volatile swings from overnight markets and today’s trading in Asia… Stocks initially rose more than one percent across-the-board amid signs that US-China trade relations could be improving,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
Mr. Trump tweeted on Tuesday night about “very productive conversations going on with China,” telling the public to stay tuned to “some important announcements.”
With this, markets abroad were mixed. The Dow Jones Industrial Average lost 0.22% or 53.02 point to 24,370.24, while the S&P 500 index dipped 0.04% or 0.94 point to 2,636.78. The Nasdaq Composite index, meanwhile, rose 0.16% or 11.31 points to 7,031.83.
Summit Securities, Inc. President Harry G. Liu, however, noted that it is still unclear how the US-China trade war will play out.
“Right now it’s not yet very clear, China and (the) US have not settled their grievances. There’s still a little bit of doubt how it’s going to be settled. I feel that’s the reason why the market is going through a sideways behavior waiting for more developments coming from this trade war,” Mr. Liu said in a phone interview on Wednesday.
Sectoral indices were split between advancers and losers. Leading the ascent was the holding firms counter, which jumped 1.77% or 129.24 points to 7,405.04. Mining and oil gained 0.5% or 42 points to 8,353.16, while industrials added 0.12% or 13.68 points to 10,839.79.
In contrast, financials shed 0.56% or 10.07 points to 1,765.59. Services dropped 0.25% or 3.58 points to 1,397.49, while property slipped 0.13% or 5.06 points to 3,662.56.
Some 990.03 million issues valued at P11.90 billion switched hands, rising from the previous session’s turnover of P4.72 billion.
Advancers trumped decliners, 98 to 85, while 44 names were unchanged. Net foreign selling ballooned to P984.70 million, from Tuesday’s net sales of P326.16 million.
“We’ve so far managed to stay above our most immediate trend line support at 7,330. We’re recommending a buy on dips strategy for the remainder of this December as we look forward to more bold positioning from local and foreign funds next year,” Papa Securities Corp. Head of Online Trading Arbee B. Lu said in an e-mail.
Source: https://www.bworldonline.com/shares-climb-on-trumps-trade-war-comments/
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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.