Top Ten Smart Money Moves – December 13, 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) 109 Advances vs. 80 Declines = 1.36:1 Neutral
Total Foreign Buying PhP 3.254 Billion
Total Foreign Selling – (PhP 2.929) Billion
Net Foreign Buying (Selling) – PhP 0.325 Billion – first day of Net Foreign Buying after 2 days of Net Foreign Selling
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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PSEi extends gains on US-China trade war bets
December 13, 2018 | 9:57 pm
LOCAL EQUITIES extended gains on Thursday on hopes that the United States and China will resolve their trade dispute.
The 30-member Philippine Stock Exchange index (PSEi) firmed up 0.46% or 34.68 points to finish at 7,522.92, closing on a positive note for the third straight session. The broader all-shares index likewise added 0.28% or 12.78 points to 4,507.33.
“The continued optimism that the US and China may be able to find a way to resolve their trade war has had a positive effect on global equities markets including here in the PSE,” Eagle Equities, Inc. Research Head Christopher John Mangun said in an e-mail.
“The PSEi sustained its positive momentum from yesterday and if it can keep on its path, it may end above 7,500 for the week.”
The local market has been mirroring the performance of global indices in previous weeks, closely watching the developments of the US-China trade war.
The Dow Jones Industrial Average advanced 0.64% or 157.03 points to 24,527.27. The S&P 500 index rose 0.54% or 14.29 points to 2,651.07, while the Nasdaq Composite index also rallied 0.95% or 66.48 points to 7,098.31.
Meanwhile, Regina Capital Development Corp. Managing Director Luis A. Limlingan noted that investors were also awaiting the result of the Bangko Sentral ng Pilipinas’ (BSP) last policy meeting for the year.
“Investors are also betting on the outcome of the BSP wherein more are inclined that our central bank will apply the brakes this time with respect to interest rates,” Mr. Limlingan said in a mobile message.
The central bank kept its benchmark rates steady during its last policy meeting for the year, ending the streak of five consecutive hikes this year.
The BSP’s key overnight borrowing rate remains at 4.75%. Meanwhile, the overnight lending and deposit rates stood at 5.25% and 4.25%, respectively.
“Our view is that headline inflation has peaked and should continue to decelerate due to favorable base effects, legislated measures that aim to resolve food supply shortage issues, the suspension of fuel tax hikes, and lower global energy prices,” Mr. Limlingan explained.
Four sectoral indices climbed, led by financials which jumped 1.27% or 22.52 points to 1,788.11. Services followed with a 1.06% uptick or 14.87 points to 1,412.36. Holding firms rose 0.53% or 39.84 points to 7,444.88, while industrials went up 0.34% or 37.15 points to 10,876.94.
In contrast, the mining and oil counter lost 0.86% or 72.58 points to 8,280.58, while property shed 0.38% or 13.94 points to 3,648.62.
Turnover was halved to P6.09 billion from the previous session’s P11.90 billion, with 2.70 billion issues switching hands.
Advancers outnumbered decliners, 109 to 80, while 46 names were unchanged.
Foreign investors turned buyers, booking net purchases of P324.84 million against Wednesday’s P984.70 million worth of net sales. — Arra B. Francia
Source: https://www.bworldonline.com/psei-extends-gains-on-us-china-trade-war-bets/
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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.
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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.