Top Ten Smart Money Moves – December 28, 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 28, 2016 Data)
Total Traded Value – PhP 3.453 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 119 Advances vs. 58 Declines = 2.05:1 Bullish
Total Foreign Buying – PhP 1.791 Billion
Total Foreign Selling – (PhP 1.522 Billion)
Net Foreign Buying (Selling) – PhP 0.269 Billion – first day of Net Foreign Buying after 12 days of Net Foreign Selling
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 back to 6,800 at penultimate trading day
Posted on December 29, 2016
THE Philippine Stock Exchange Index (PSEi) rose to a near two-week high on Wednesday, taking the cue from Wall Street’s overnight gains following the release of upbeat US economic data.
But the rally back to 6,800 level — the first time since Dec. 16 — is not enough for investors to pin their hopes for the bellwether index to avoid capping 2016 with losses again.
Wednesday was 2016’s penultimate trading session for most financial markets that will be closed from Dec. 30 through the weekend for the New Year holidays.
That session saw the PSEi climbing by 2.82% to 6,846.44, its best finish in nearly two weeks.
The broader all-shares index rose 1.95% or 79.57 points to 4,150.17.
“We will be within striking distance of closing in the green ytd (year to date) at 6,952 (end 2015)… we see the market testing all time-highs but we are more conservative with our end-year target as it may succumb to profit taking,” Luis A. Limlingan, managing director at Regina Capital Development Corp., said in a text message.
“The bulls will certainly attempt to close the market at 6,900 but if today’s turnover of about P3.4 billion is any indication, there’s no fist in the glove,” Manuel Antonio G. Lisbona, president of PNB Securities, said in a separate mobile message.
Two stocks rallied for each that fell in trading where P3.45 billion worth of shares changed hands, still thin compared to the daily average.
“The PSEi is nearly certain to post its second consecutive annual loss — after stringing six years of gains following the 2008 rout,” A&A Securities said in its yearend report e-mailed to reporters yesterday.
“We started off the year optimistic, with a hint of caution… We can sum up the year’s narratives in three phrases — a divisive election, US interest rates and the US Presidential election. Earning honorable mentions were China, the EU, oil prices and acts of terrorism. On the domestic front it is plain and simple yet complicated ‘rhetoric’,” the report added.
Holding firms rose 3.08% or 209.47 points to 6,997.64 points; property went up 2.59% or 76.91 points to 3,045.01 points; services jumped 2.37% or 29.99 points to 1,290.47 points; industrial gained 2.18% or 229.67 points to 10,723.84 points; financials climbed 1.73% or 28.40 points to 1,662.86 points; mining and oil edged up 0.29% or 34.81 points to 11,855.13 points.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.50%.
US stocks had gained slightly on Tuesday, supported by upbeat consumer and housing data, with gains in technology shares lifting the Nasdaq Composite to a record close.
Hong Kong’s benchmark index has slumped 6.60% this quarter, the world’s worst performance after the Philippines and New Zealand, as higher borrowing costs undermined the outlook for the city’s property market and a weaker yuan cut foreign demand for Chinese assets. — Reuters, Bloomberg with JCL
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/.
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: email@example.com Subject: The Responsible Trader – eBook Version.
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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