Top Ten Smart Money Moves – December 18, 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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Total Traded Value – PhP 8.498 Billion – Medium
Advances Declines – (Ideal is 2:1) 124 Declines vs. 73 Advances = 1.70:1 Neutral
Total Foreign Buying PhP 3.153 Billion
Total Foreign Selling – (PhP 3.805) Billion
Net Foreign Buying (Selling) – (PhP 0.652) Billion – 3rd 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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Main index extends decline ahead of Fed review
December 18, 2018 | 9:00 pm
By Arra B. Francia
Reporter
LOCAL EQUITIES dropped on Tuesday, tracking the negative sentiment in global markets as investors expect a more hawkish tone from the US Federal Reserve’s upcoming meeting.
The benchmark Philippine Stock Exchange index (PSEi) lost 1.33% or 100 points to close at 7,420.40 yesterday, extending losses from the previous session. The broader all-shares index likewise slumped 0.88% or 39.88 points to 4,470.22.
“Market’s drop reflects concern on the Fed’s possible action after its meeting tomorrow. From the looks of its they will take a hawkish stance,” PNB Securities, Inc. President Manuel Antonio G. Lisbona said in a text message.
The Federal Open Market Committee (FOMC) holds its two-day policy meeting on Dec. 18-19, with analysts expecting the body to raise benchmark rates by 25 basis points. If realized, this will be the fourth increase this year.
I.B. Gimenez Securities, Inc. Research Head Joylin F. Telagen also attributed the market’s performance to the FOMC’s decision.
“Until then, the PSEi might experience risk-off sentiment,” Ms. Telagen said in a separate message.
For Papa Securities Corp. Sales Associate Gabriel Jose F. Perez, the PSEi mirrored the performance of US markets.
“The story remains the same with negative sentiment due to US markets once again diving last night, along with renewed net foreign selling, proving to be the bane for the index,” Mr. Perez said in an e-mail.
Wall Street suffered a bloodbath overnight, with the Dow Jones Industrial Average falling 2.11% or 507.53 points to 23,592.98. The S&P 500 index tumbled 2.08% or 54.01 points to 2,545.94, while the Nasdaq Composite index also dipped 2.27% or 156.93 points to 6,753.73.
Meanwhile, back home, net foreign selling stood at P652.15 million on Tuesday, although narrower than the previous session’s P822.25 million.
The mining and oil counter was the lone sub-index that ended with gains, adding 0.18% or 14.99 points to 8,020.37.
The rest declined, led by financials which fell 2.06% or 36.52 points to 2.04% or 150.43 points to 7,239.39. Holding firms shed 2.03% or 150.43 points to 7,239.39; services tumbled 0.78% or 11.37 points to 1,435.32; property went down 0.08% or 2.96 points to 3,658.16; while industrials slipped 0.06% or 6.79 points to 10,972.06.
Some 4.93 billion issues valued at P8.5 billion switched hands, rising from Monday’s P5.94-billion turnover.
Decliners outnumber advancers, 124 to 73, while 38 names were unchanged.
“We remain cautious moving forward for the week as it looks like the index is still being swayed by the aforementioned movements from abroad. Continue to watch out for how US markets move [on Tuesday] to have an indication of what to expect…,” Papa Securities’ Mr. Perez said.
Source: https://www.bworldonline.com/main-index-extends-decline-ahead-of-fed-review/
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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.