Top Ten Smart Money Moves – December 11, 2018
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.
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Advances Declines – (Ideal is 2:1) 106 Advances vs. 75 Declines = 1.41:1 Neutral
Total Foreign Buying PhP 2.318 Billion
Total Foreign Selling – (PhP 2.644) Billion
Net Foreign Buying (Selling) – (PhP 0.326) Billion – 1st day of Net Foreign Selling after a day of Net Foreign Buying
Data from the Philippine Stock Exchange
Screenshot courtesy of 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
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
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PHL stocks rebound as investors pick up bargains
December 11, 2018 | 9:00 pm
LOCAL SHARES recovered on Tuesday as investors hunted for bargains following the market’s recent decline.
The bellwether Philippine Stock Exchange index (PSEi) went up 1.4% or 102.87 points to close at 7,451.08 yesterday versus the previous session’s 7,348.21. The broader all-shares index was also up by 0.84% or 37.59 points to 4,478.73.
“Our index ended up today as investors hunt for bargains after the PSEi fell for three days,” Jervin S. de Celis, equity trader at Timson Securities, Inc. said in a message on Tuesday.
“Foreigners, however, are net sellers…as they remain cautious due to the renewed tension between US and China over the arrest of Huawei’s [chief finance officer] and China’s ban of iPhone sales after granting Qualcomm an injunction against Apple,” he added.
Foreign selling was logged at P326.16 million on Tuesday, a reversal of Monday’s net buying worth P3.96 billion.
Huawei’s Chief Finance Officer Meng Wanzhou was arrested by Canadian authorities last week after allegedly violating trade sanctions against Iran.
Meanwhile, a Chinese court has ordered a sales ban of some older Apple, Inc. iPhone models in China for violating two patents of chipmaker Qualcomm, Inc. though intellectual property lawyers said enforcement of the ban was likely still a distant threat.
On the other hand, for Luis A. Limlingan, managing director at Regina Capital Development Corp. said in a text message that shares “staged a rally with the Brexit postponed and US stocks recovering from an early rout.”
Wall Street ended Monday’s volatile session slightly higher with help from technology stocks although bank stocks tumbled and uncertainty over Britain’s exit from the European Union kept investors on edge about global growth.
The Dow Jones Industrial Average rose 34.31 points or 0.14% to 24,423.26; the S&P 500 gained 4.64 points or 0.18% to 2,637.72; and the Nasdaq Composite added 51.27 points or 0.74% to 7,020.52.
Back home, majority of sector counters ended higher, led by holding firms which was up by 1.96% or 139.83 points to close at 7,275.80. Property rose 1.86% or 67.22 points to 3,667.62; industrials went up 0.99% or 106.78 points to 10,826.11; and financials gained 0.49% or 8.67 points to end at 1,775.66.
On the other hand, services went down 0.46% or 6.6 points to 1,401.07 and mining and oil dropped 0.07% or 6.44 points to 8,311.16.
Some 551.63 million shares valued at P4.72 billion switched hands yesterday, sinking from Monday’s P14.84-billion value turnover. Advancers beat decliners, 106 to 75, while 53 names remained unchanged.
“I assume the index may still go up [on Wednesday] as market participants try to retest the 7,500-7,600 resistance area. This level was also a former key support level from April to June and in the middle of the month of August… We probably need more positive catalysts to push our market higher,” Timson Securities’ Mr. De Celis said. — VMPG with Reuters
Source: https://www.bworldonline.com/phl-stocks-rebound-as-investors-pick-up-bargains/
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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: ninjatrader919@gmail.com Subject: The Responsible Trader – Hard Copy.
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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.
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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.