Top Ten Smart Money Moves – December 17, 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.
================================
Total Traded Value – PhP 5.936 Billion – Low
Advances Declines – (Ideal is 2:1) 98 Declines vs. 93 Advances = 1.05:1 Neutral
Total Foreign Buying PhP 2.793 Billion
Total Foreign Selling – (PhP 3.615) Billion
Net Foreign Buying (Selling) –(PhP 0.822) Billion – 2nd 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:
==================================================
Stocks move in narrow range on lack of catalysts
December 17, 2018 | 9:00 pm
STOCKS moved sideways on Monday amid a lack of local catalysts and ahead of the US Federal Reserve’s policy meeting.
The bellwether Philippine Stock Exchange index (PSEi) went down by 0.05% or 3.97 points to close at 7,520.40 on Monday. The broader all-shares index, meanwhile, climbed 0.08% or 3.60 points to 4,510.10.
“We lack fresh catalysts in the local scene and I think investors are waiting for the US Fed’s outlook for the US economy as well as the FOMC (Federal Open Market Committee) policy meeting decision which will be held in the middle of the week,” Jervin S. de Celis, equity trader at Timson Securities, Inc., said in a text message.
“Foreigners remain net sellers today as they anticipate a 25-basis-point hike in the US. The probability of a rate hike increased from 72% last weekend to 77.5% today,” he said on Monday.
Net foreign selling was logged at P822.25 million on Monday, widening from last Friday’s net outflow worth P691.23 million.
The US central bank is holding its two-day policy review on Dec. 18-19, where it is widely expected to hike rates anew and give signals on its future tightening path amid fears of an economic slowdown.
For Luis A. Limlingan, managing director of Regina Capital Development Corp., the slight downward movement was due to an easing in US-China trade tensions and soft US economic data.
“US-China trade tensions abated marginally this week as China made the first order of US soybeans after the G20 meeting and announced it would suspend additional tariffs on US-made autos and auto parts for three months from Jan 1, 2019,” he said.
“US industrial production increased by 0.6% in November, three tenths above consensus expectations. Business inventories rose 0.6% in October, in line with expectations. Here at home, remittance numbers were rather encouraging as the latest data from October showed that money sent by our Filipino relative grew 8.7% to $2.474 billion based on cash remittances,” Mr. Limlingan added.
Sub-indices were split. Gainers were led by services, which went up by 1.09% or 15.62 points to close at 1,446.69. Property also climbed 0.54% or 19.95 points to close at 3,661.12 and industrials gained 0.14% or 15.85 points to 10,978.85.
On the other hand, losing counters were led by mining and oil, which was down by 2.35% or 193.17 points to close at 8,005.38. Financials fell 0.69% or 12.39 points to 1,773.16 and holding firms slipped 0.54% or 40.29 points to finish at 7,389.82.
Some 1.05 billion shares valued at P5.94 billion switched hands on Monday, down from Friday’s P6.85-billion turnover.
Decliners narrowly beat advancers, 98 to 93, while 45 names remained unchanged.
Timson Securities’ Mr. De Celis said the market will continue moving sideways this week. “However, end of year window dressing next week may push our index a little higher.” — VMPG
Source: https://www.bworldonline.com/stocks-move-in-narrow-range-on-lack-of-catalysts/
=====================================================
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)
===================================================
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.