Top Ten Smart Money Moves – December 14, 2016
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 December 14, 2016 Data)
Total Traded Value – PhP 6.928 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 97 Advances vs. 73 Declines = 1.33:1 Neutral
Total Foreign Buying – PhP 3.202 Billion
Total Foreign Selling – (PhP 3.289 Billion)
Net Foreign Buying (Selling) – (PhP 0.087) Billion – 4th day of Net Foreign Selling after 2 days 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
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
Stocks climb as markets wait for Fed statement
Posted on December 15, 2016
STOCKS saw an uptick on Wednesday as markets await the US Federal Reserve’s decision, pricing in a hike in interest rates.
The bellwether Philippine Stock Exchange index rose 0.68% or 47.43 points to end at 6,928.34 yesterday.
The broader all shares index likewise increased 0.68% or 28.72 points to 4,201.37 .
“[I] am taking today’s movement as confirmation that the Fed’s hike will be within expectation (0.25%) and the market is already looking beyond this event,” Manuel Antonio G. Lisbona, president of PNB Securities, said in a text message.
Analysts said markets here and abroad seem to have already factored in the expectations of a 25-basis-point interest rate hike by the Fed after its two-day review, which will be the first time it will raise its benchmark after the December 2015 lift-off.
“Philippine markets climbed as investors awaited the final outcome of the FOMC. Expectations are for the committee to raise rates at the December meeting and to remain upbeat about the general outlook,” said Luis A. Limlingan, managing director at the Regina Capital Development Corp. in a phone message.
Aside from a policy statement, Fed Chair Janet L. Yellen is also set to discuss the US economic outlook following the meeting.
“Guidance from the meeting, the summary of economic projections, and Chair Yellen’s testimony are likely to repeat the committee’s existing view that the pace of rate hikes will be gradual,” added Mr. Limlingan.
In Asia, confidence among Japan’s large manufacturers improved for the first time since June last year as the fall in the yen improved prospects for company earnings, according to Mr. Limlingan.
All subindices ended in the green on Wednesday. Mining and oil led the charge, jumping 1.54% or 185.42 points to 12,220.41; holding firms went up by 1.28% or 89.28 points to 7,063.64; services gained 0.87% or 11.18 points to 1,288.81; industrials expanded 0.47% or 51.38 points to 10,880.16; financials climbed 0.13% or 2.20 points to 1,684.99; and property inched up 0.06% or 2.12 points to 3,112.67.
Advancers beat decliners, 97 to 73, while 44 issues were flat.
Foreigners continued to dump local shares on Wednesday, ending the session at a net selling position of P87.40 million, below the P1.11 billion in net sales seen the previous session.
Value turnover totalled P5.86 billion, lower than Tuesday’s P7.20 billion, as 1.18 billion shares changed hands.
Southeast Asian stock markets shuffled sideways on Wednesday with investors looking out for hints on what is in store for them in 2017 from the Fed’s two-day policy meeting. A quarter point move is fully priced in, as are two more hikes next year. However, any sign of a move faster than that will likely hurt emerging markets.
Fed officials worry there is risk that overly aggressive fiscal, tax and other changes under the new administration could become inflationary. — J.C. Lim with Reuters
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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 P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion