The Responsible Trader

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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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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Shares seen sideways ahead of Christmas break

December 17, 2018 | 12:01 am

By Arra B. Francia
Reporter

LOCAL SHARES may trade sideways in the week ahead amid a lack of leads and as investors go on break for the Christmas holidays.
The 30-company Philippine Stock Exchange index (PSEi) eked out a gain of 0.01% or 1.45 points to close at 7,524.37 last Friday. On a weekly basis, the main index was up 0.85%.

The counters for holding firms and services lifted the market as they gained 1.93% and 1.33%, respectively, for the week. Turnover improved by 2.08% to P8.88 billion last week, while foreign investors were net buyers at P796 million, marking the third straight week of foreign inflows.
Eagle Equities, Inc. Research Head Christopher John Mangun noted that the PSEi’s breakthrough to the 7,500 level was “exactly what the market needed,” citing the target for the index to break above its 7,630 resistance for a possible close above 7,700 this year.

“However, this will all come down to whether investors will continue to trade and not go on early vacation. If turnover value is low for the week then we may see it trade sideways and stay within the range at 7,400-7,600,” Mr. Mangun said in a weekly market note.

“But if foreigners continue to be net buyers, there is a strong possibility that we end the year closer to 8,000 rather than 7,500.”
For online brokerage 2TradeAsia.com, the PSEi could see volatility in the coming days since fund managers will “retool their portfolio.”

Eagle Equities, Inc. Research Head Christopher John Mangun noted that the PSEi’s breakthrough to the 7,500 level was “exactly what the market needed,” citing the target for the index to break above its 7,630 resistance for a possible close above 7,700 this year.

“However, this will all come down to whether investors will continue to trade and not go on early vacation. If turnover value is low for the week then we may see it trade sideways and stay within the range at 7,400-7,600,” Mr. Mangun said in a weekly market note.

“But if foreigners continue to be net buyers, there is a strong possibility that we end the year closer to 8,000 rather than 7,500.”

For online brokerage 2TradeAsia.com, the PSEi could see volatility in the coming days since fund managers will “retool their portfolio.”

“No new leads might be in store at the fiscal front, with Congress set to adjourn for their holiday break this week. However, more corporate actions ahead of 2019 prospects would be at the forefront, specifically on debt re-strategies and inventory loading,” 2TradeAsia.com said in a weekly market note.

It added that some companies may close the year with prospects for mergers and acquisitions, particularly those with plans for backdoor listing.
On the international front, investors could look at the US Federal Reserve’s policy-setting Federal Open Market Committee’s (FOMC) policy meeting on Dec. 18-19. The committee’s decision could signal whether the global rate hike cycle will soon come to an end.

“Officials might give leeway to resolve the ongoing trade relations between US-China, which could significantly influence both nations’ economies. If a status quo is upheld by US FOMC, that would lead to a more dovish Fed and improve lending liquidity, at least in first quarter 2019,” 2TradeAsia.com explained.

The country’s own central bank also had its last policy meeting last week, where it chose to maintain policy rates on signs that inflation has already peaked. Benchmark interest rates remain at a nine-year high of 4.25-5.25%.

Eagle Equities’s Mr. Mangun placed the market’s resistance at 7,630 to 7,700, while support is at 7,350 to 7,500.

Source: https://www.bworldonline.com/shares-seen-sideways-ahead-of-christmas-break/

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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.

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: ninjatrader19@gmail.com Subject: The Responsible Trader – eBook Version.

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)

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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.