Top Ten Smart Money Moves – December 29, 2017
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.
Top Ten Smart Money Moves – December 29, 2017
Trading Notes for Today – (Based on December 29, 2017 Data)
Total Traded Value – PhP 7.261 Billion – Low
Advances Declines – (Ideal is 2:1) 115 Advances vs. 94 Declines = 1.22:1 Neutral
Total Foreign Buying – PhP 3.805 Billion
Total Foreign Selling – (PhP 2.010) Billion
Net Foreign Buying (Selling) – PhP 1.795 Billion – 5th day of Net Foreign Buying after 4 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
Top Ten Gainers and Losers
For the record, since this will be my last post covering the year 2017, I would like to post the Best and the Worst Performing Stocks Year-to-Date based on Data taken from The Responsible Trader’s Database:
2017 Best Performing Stocks Year-to-Date
2017 Worst Performing Stocks Year-to-Date
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
Bourse to see muted trading as market corrects
January 3, 2018
By Krista A. M. Montealegre,
AFTER STAGING a huge rally to close 2017, Philippine stocks may see subdued trading in the first week of the new year even as investors remain bullish about the market’s prospects.
“There could be a technical correction within the week considering the market hit uncharted territory last Friday,” PNB Securities President Manuel Antonio G. Lisbona said in a mobile phone message.
“From what I can observe, market sentiment is still bullish.”
The local stock market finished 2017 on a strong note, rallying 1.5% last week to end the year at an all-time high of 8,558.42.
The bellwether Philippine Stock Exchange index delivered an annual gain of 25.11%, reversing a two-year losing streak, on the back of investor optimism with respect to the tax reform program that increased the take-home pay for most wage earners.
“Trading will be as light as the previous week, as investors are still returning from holidays,” Luis A. Limlingan, business development head at Regina Capital Development Corp., said in a separate message.
The local market is coming off a two-day break as per Malacañang’s order to suspend government work and offices on the day following New Year’s Day.
“Any lull, however, would be a good opportunity to position on bargains especially those that have formed a solid base, or have retraced from their recent highs,” 2TradeAsia.com said in a weekly report.
In the United States, Wall Street scored its best year since 2013, with the benchmark S&P 500 rising 19.5% this year and the blue-chip Dow Jones Industrial Average up 25.2%.
A tax overhaul is seen pushing up US stocks this year because of a huge drop in the corporate tax rate that is expected to shore up the economy and corporate profits.
Like the US, the Philippine market is expected to ride the strong momentum of the Tax Reform for Acceleration and Inclusion (TRAIN) Law, signed by President Rodrigo R. Duterte last month to finance the government’s P8-trillion infrastructure program.
The PSE hopes the strength of local equities can offset the higher stock transaction tax that takes effect this year as part of the tax reform program.
The TRAIN Law pushed the stock transaction tax to 0.60% from 0.50% — already the highest in the region — of the gross selling price to gross value in money of the shares of stock sold, bartered, exchanged, or otherwise disposed.
“At least there’s certainty on the friction cost that should not substantially decrease the volume,” PSE Chief Operating Officer Roel A. Refran said in a phone interview.
“People will buy regardless of the tax. It is a question of relative profits versus other markets,” Mr. Refran said.
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: http://theresponsibletrader.com/the-responsible-trader-hope-for-trading-knowledge-test/. For those interested in the hard copy, please send email to: email@example.com 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: firstname.lastname@example.org Subject: The Responsible Trader – eBook Version.
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:
The book can also be ordered online through our publisher, Central Book Supply. Just go to: http://central.com.ph/bookstoreplus then click Search – The Responsible Trader.
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)
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)
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)
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.