Top Ten Smart Money Moves – December 19, 2016

Smart Money Moves_Final

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 19, 2016  Data)

Total Traded Value –  PhP  5.786 Billion – Low

Advances Declines Ratio – (Ideal is 2:1) 135 Declines vs. 61 Advances  = 2.21:1  Bearish

Total Foreign Buying – PhP 3.049  Billion

Total Foreign Selling – (PhP  3.946 Billion)

Net Foreign Buying (Selling) – (PhP  0.897)  Billion – 7th day of Net Foreign Selling after 2 days of Net Foreign Buying

   

Data from the Philippine Stock Exchange

pse_20161219

Screenshot courtesy of: www.pse.com.ph

PSE HEAT MAP

pse-heat-map_20161219

Screenshot courtesy of PSEGET

Top Ten Foreign Buying and Selling

fbs_20161219

Top Ten in Total Traded Value

ttv_20161219

From now on, I will just quote the related article from Business World so that we will have everything in one piece:

==================================================

Main index declines on hawkish Fed comments

Posted on December 20, 2016

LOCAL EQUITIES fell on Monday amid the absence of enough drivers to counter negative sentiment following the US Federal Reserve’s signals of more interest rate increases next year after it hiked benchmark yields last week.

The bellwether Philippine Stock Exchange index (PSEi) stumbled 1.99% or 136.58 points to 6, 714.13 on Monday.

The all-shares index fell 1.43% or 59.77 points to 4, 099.65.

The lack of fresh leads gave investors little reason to hold on to shares with only eight trading days left in this year, Luis A. Limlingan, managing director at Regina Capital Development Corp., said in a text message on Monday.

Another analyst said the market is still reacting to the US central bank’s hawkish tone following its policy meeting last week as it hinted on brisker tightening next year.

“Continued backlash from last week,” Victor F. Felix, equity analyst at AB Capital Securities, Inc., said over the phone when asked why the local market declined.

At its meeting last week, the Fed lifted interest rates by 25 basis points — its first rate increase in a year and the second in nearly a decade — and indicated three more rate increases next year.

On Monday, financials led the bloodbath as it plunged 2.99% or 50.04 points to 1,620.74. Property followed as it went down 2.84% or 87.25 points to 2,980.97; holding firms plunged 1.58% or 110.85 points to 6,905.67; industrials slid by 1.29% or 138.87 points to 10,582.72; and mining and oil declined 0.77% or 94.56 points to close yesterday’s session at 12,038.15.

Only services ended in the green, increasing 0.11% or 1.43 points to 1,281.16.

Value turnover stood at P5.79 billion on Monday, lower than the P9.55 billion seen last Friday, with 1.17 billion shares changing hands.

Decliners outnumbered advancers, 135 to 61, while 33 names ended unchanged.

Foreigners also continued to dump shares, with net selling coming in at P896.77 million, below the P937.83 million level on Friday.

With the year coming to a close and only a few major drivers seen to affect the market, analysts expect the benchmark index to trade within a tight range in the coming days.

Mr. Felix noted that the PSEi may continue to linger in the 6,700 to 6,900 levels towards the end of the year.

Most Southeast Asian stock markets likewise dropped on Monday as investors pared their equity holdings following hawkish comments from the US central bank on interest rate hikes last week.

Richmond Fed President Jeffrey Lacker said on Friday that the US central bank will likely need to raise interest rates more than three times next year.

“Investors are rationalizing their exposure on equities… In general, a more hawkish path of interest rate hikes is negative on equities,” said Ralph Christian G. Bodollo, an equity research analyst with RCBC Securities, Inc. — J.C. Lim with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=main-index-declines-on-hawkish-fed-comments&id=137972

==================================================

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/

My Book

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)

The Respponsible _Website

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)

The Respponsible Trader_YouTube

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)

The Respponsible Trader_Slideshare

===================================================

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 P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion

Leave a Reply

Your email address will not be published. Required fields are marked *