Top Ten Smart Money Moves – December 20, 2017

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 20,  2017  Data)

Total Traded Value –  PhP  5.260  Billion – Low
Advances Declines – (Ideal is 2:1)  110  Declines vs. 84 Advances   = 1.31:1 Neutral
Total Foreign Buying – PhP 1.871  Billion
Total Foreign Selling – (PhP 2.097)  Billion
Net Foreign Buying (Selling) – (PhP 0.226)  Billion –4th day of Net Foreign Selling after a day of Net Foreign Buying


Data from the Philippine Stock Exchange


Screenshot courtesy of:


PSE Heat Map_20171220

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:


Stocks down as volume thins ahead of holidays

December 21, 2017

EQUITIES fell on Wednesday following the passage of the tax reform program, as analysts said the market has already priced in its effects earlier this year.


The benchmark index dropped 3.35 points or 0.04% to finish the session at 8,362.61.
The broader all-shares index likewise gave up 0.17% or 8.52 points to 4,893.62.

“The market has already priced in the tax reform program of the Duterte administration starting as early as the 2Q (second quarter) this year,” Timson Securities, Inc. equity trader Jervin S. de Celis, noting that the main index’s rally toward the 8,600 level earlier this year was due to optimism on the tax reform program.

“It’s also a ‘sell on news’ event and apparently foreign investors have been selling their shares due to the expensive valuations of our index. They’ll be back for sure when the effect of the TRAIN (Tax Reform for Acceleration and Inclusion) bill is felt in the economy by next year,” Mr. De Celis added.

Regina Capital Development Corp. Managing Director Luis A. Limlingan meanwhile noted that most investors will now be taking their holiday break.

“Philippine markets were flat even though the TRAIN has been signed into law, most investors are on the sidelines already enjoying the holidays,” Mr. Limlingan said.

Sectoral counters were split between gainers and losers. Ending in positive territory were the mining and oil sector, adding 1.14% or 128.40 points to 11,330.62; services, which climbed 0.43% or 6.87 points to 1,601.23; and industrials, which gained 0.08% or 8.87 points to 11,098.60.

On the other hand, the property sub-index logged a 0.44% or 17.29-point decline to 3,882.82. Financials shed 0.17% or 3.77 points to 2,140, and holding firms dipped 0.01% or 1.45 point to 8,481.53.

Wednesday saw 830.54 million issues change hands for a total value turnover of P5.26 billion, lower than the P6.87 billion booked on Tuesday.

Decliners beat advancers, 110 to 84, as 50 names remained unchanged.

Net foreign outflows widened to P225.82 million yesterday from the P186.94 million recorded on Tuesday.
US stocks fell on Tuesday as excitement over the likelihood of a tax code revamp was offset by concern over its effect on years of monetary policy stimulus and the future of interest rates.

The US House of Representatives initially passed the tax legislation in an afternoon vote, but the bill included provisions that did not comply with Senate rules. The Senate was expected to vote this evening on a revised version of the bill, with the offending provisions removed. If the Senate approves the bill, as is expected, the House will vote again on Wednesday.

The Dow Jones Industrial Average fell 37.45 points or 0.15 % to 24,754.75; the S&P 500 lost 8.69 points or 0.32% to 2,681.47 and the Nasdaq Composite dropped 30.91 points or 0.44% to 6,963.85. — Arra B. Francia with Reuters


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: For those interested in the hard copy, please send email to: 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: Subject: The Responsible Trader – eBook Version.

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The book continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:


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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.

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