Top Ten Smart Money Moves – December 20, 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 5.881 Billion – Low
Advances Declines – (Ideal is 2:1) 117 Advances vs. 78 Declines = 1.50:1 Neutral
Total Foreign Buying PhP 2.799 Billion
Total Foreign Selling – (PhP 3.290) Billion
Net Foreign Buying (Selling) –(PhP 0.491) Billion – 5th 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 drops as US central bank hikes rates
December 20, 2018 | 9:00 pm
STOCKS SLIPPED on Thursday following the US Federal Reserve’s decision to hike benchmark rates during its last policy meeting for 2018.
The bellwether Philippine Stock Exchange index (PSEi) tumbled 0.21% or 16.21 points to close at 7,563.41 yesterday. The broader all-shares index, meanwhile, eked out gains of 0.05% or 2.42 points to 4,544.13.
“Philippine shares traded mildly lower at close, as attention shifted to the Fed, which still raised their policy rates,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
The Fed’s policy-setting Federal Open Market Committee decided to hike interest rates by 25 basis points yesterday, bringing key interest rates within the 2.25% to 2.5% range. At the same time, the Fed hinted at two more tightening moves in 2019, lower than the previous forecast of three.
“Changes to the post-meeting statement were generally dovish as well. While the growth characterization was more upbeat than we had expected, the policy guidance was a bit more dovish than we had expected,” Mr. Limlingan said.
Markets in the US plunged following the decision, with the Dow Jones Industrial Average falling to a 52-week low after it shed 351.98 points or 1.49% to 23,323.66. The S&P 500 index slumped 1.54% or 39.20 points to 2,506.96, while the Nasdaq Composite index also lost 2.17% or 147.08 points to 6,636.83.
Papa Securities Corp. Sales Associate Gabriel Jose F. Perez also attributed the PSEi’s weakness to the US markets’ performance, in addition to foreign investors’ position.
“Another red day for the PSEi today as another decline from the US markets [Wednesday] night coupled with more net foreign selling dampened the general sentiment,” Mr. Perez said in an e-mail.
Net foreign selling swelled to P490.56 million on Thursday versus P72.98 million in the previous session.
Four sectoral indices ended the day on a negative note, led by the mining and oil counter which dropped 1.49% or 122.46 points to 8,060.22. Property shed 0.98% or 36.54 points to 3,692.06; holding firms dipped 0.17% or 13.26 points to 7,422.19, while industrials went down 0.11% or 13.17 points to 11,061.69.
In contrast, services gained 0.6% or 8.76 points to 1,459.81. Financials also rose 0.18% or 3.32 points to 1,779.60.
Value turnover stood at P5.88 billion yesterday after some 875.14 million issues switched hands, down slightly from Wednesday’s P5.97 billion.
Despite the PSEi’s drop, market breadth favored advancers over losers, 117 to 78, while 42 names were unchanged.
“With a long Christmas weekend ahead of us, we might see muted trading for the last day of the week. The persistent net foreign selling remains as well as a significant overhang for the market, preventing it from surging any further,” Mr. Perez said. — Arra B. Francia
Source: https://www.bworldonline.com/main-index-drops-as-us-central-bank-hikes-rates/
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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.