Top Ten Smart Money Moves – December 27, 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 27, 2016 Data)
Total Traded Value – PhP 3.284 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 90 Advances vs. 78 Declines = 1.15:1 Neutral
Total Foreign Buying – PhP 1.289 Billion
Total Foreign Selling – (PhP 1.369 Billion)
Net Foreign Buying (Selling) – (PhP 0.080) Billion – 12th 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:
PSEi tracks Asian markets’ rally in thin trade
Posted on December 28, 2016
PHILIPPINE SHARES joined Asian stocks that rallied on Tuesday, in thin trade and with little to guide them as most major markets were closed on Monday for Christmas holidays.
The Philippine Stock Exchange index (PSEi) gained 1.44% or 94.53 points to 6,658.20 points. The all-shares index rallied by 1.19% or 48.10 points to 4,070.60 points.
“Opportunistic buying from last week’s rout (for PSE) has kept stock prices afloat today although trading is expected to be thin for the rest of the week as financial markets close out a volatile year,” Ralph Christian G. Bodollo, equity research analyst at RCBC Securities, Inc., said in a mobile message.
Lexter A. Azurin, research head at Unicapital Securities, Inc., said: “We saw a relief rally today after reaching a new low last week. Although volume was very thin.. Most of the investors are still on vacation and stayed on the sidelines.”
“Some of the investors took advantage of some stocks that were beaten down last week,” he said in a text message.
Value turnover amounted to P3.28 billion, lower than Friday’s P6.22 billion, as 491.51 million shares changed hands.
MSCI’s broadest index of Asia-Pacific shares outside Japan was marginally higher, with Australia, New Zealand and Hong Kong closed.
Japan’s Nikkei closed little changed.
“It is the time of the year when markets trade with hushed tones,” Jingyi Pan, market strategist at IG, wrote in a note. “The magnitude of moves could remain capped with thin market trades expected to remain the case.”
China’s CSI 300 index was down 0.10% and the Shanghai Composite slipped almost 0.20%, despite positive data released on Tuesday.
Southeast Asian stocks were up, with markets including Indonesia and the Philippines posting gains of as much as 1%.
On Friday, Wall Street closed slightly higher in thin trade.
The lack of catalysts to plough back to the equities enough money to recognize an annual increase by yearend may be challenging for a market that closes towards an uncertain 2017.
“Although mathematically possible, the index need to climb 300 points to end in the green for 2016 making it rather difficult,” Regina Capital Development Corp.’s Managing Director Luis A. Limlingan said in a text message.
Advancers outnumbered losers 90:78, while 57 issues remain unchanged.
Foreigners dumped shares on Tuesday with net selling at P80.36 million, considerably lower than the prior trading day’s close at P662.71 million.
Industrial stocks gained the most, up 2.29% or 235.18 points to 10,494.17 points; holding firms rallied 1.70% or 113.57 points to 6,788.17 points; property rose 1.41% or 41.43 points to 2,968.10 points; financials edged up 0.48% or 7.94 points to 1,634.46 points; services gained 0.11% or 1.38 points to 1,260.48 points.
Only mining and oil ended in the red, dropping 0.86% or 102.99 points to 11,820.32. — J.C. Lim with Reuters
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/
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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)
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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