Top Ten Smart Money Moves – December 28, 2017
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.
Trading Notes for Today – (Based on December 28, 2017 Data)
Total Traded Value – PhP 6.402 Billion – Low
Advances Declines – (Ideal is 2:1) 107 Advances vs. 105 Declines = 1.02:1 Neutral
Total Foreign Buying – PhP 3.199 Billion
Total Foreign Selling – (PhP 1.954) Billion
Net Foreign Buying (Selling) – PhP 1.245 Billion – 4th day of Net Foreign Buying after 4 days of Net Foreign Selling
Data from the Philippine Stock Exchange
Screenshot courtesy of: www.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:
==================================================
Shares post gains as window dressing continues
December 29, 2017
The Philippine Stock Exchange index (PSEi) ended Thursday’s trading at 8,535.09.
STOCKS continued to climb on Thursday, pushing the Philippine Stock Exchange index (PSEi) to a fresh peak, as window dressing continued to lift the market for the fourth straight day.
The 30-member index rallied to 8,571.46 intraday before settling at 8,535.09 at the closing bell, still 0.52% or 44.18 points higher than the day prior.
This marks the bellwether index’s 13th record high for 2017, with yesterday’s finish the highest since its 8,519.82 close last Nov. 6.
The broader all-shares index likewise gained 0.44% or 22.19 points to 4,963.70.
“The Philippines broke ground as it zoomed past the 8,500 level, while succumbing to some resistance as it tried to reach a new all-time high,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message.
“Both Philippine and US stocks finished higher on their last trading sessions as window dressing is now under way,” Regina Capital’s Mr. Limlingan said.
The Dow Jones Industrial Average added 0.11% or 28.09 points to 24,774.30. The Nasdaq Composite Index inched up 0.04% or 3.09 points to 6,939.34, while the S&P 500 index firmed up 0.08% or 2.12 points to 2,682.62.
Asked if the market can reach another all-time high before the year ends, RCBC Securities, Inc. equity analyst Jeffrey Lucero noted there is strong resistance at the 8,600 level.
“The market may continue to receive a boost from window dressing, but probably not enough to push the index beyond 8,600,” Mr. Lucero said in a text message.
The holding firms counter was the lone index that ended with losses, dropping 0.16% or 13.97 points to 8,606.49.
The financial sector led Thursday’s gains with an increase of 1.29% or 28.16 points to 2,202.75, followed by the mining and oil sector which added 1.10% or 125.24 points to 11,510.51. Industrials added 0.79% or 88.46 points to close at 11,277.52; property rose 0.64% or 25.36 points to 3,975.86; while services climbed 0.25% or 4.11 points t 1,617.93.
The market saw a total of 764.75 million issues valued at P6.40 billion switch hands. This is almost twice the value turnover of P3.6 billion recorded on Wednesday.
Foreign buying ballooned to P1.25 billion against the P349.46-million net inflow logged last Wednesday.
Advancers outnumbered decliners, 107 to 105, as 38 issues remained unchanged after yesterday’s session.
Southeast Asian stock markets rose on Thursday, with Indonesia also hitting an all-time high and Malaysia scaling a three-and-a-half-month peak.
The Jakarta SE Composite Index climbed as much as 0.30% before paring the gains. The index, which had risen 18.5% this year as of Wednesday’s close, added 2.7% in the previous three sessions of gains.
“The Philippines broke ground as it zoomed past the 8,500 level, while succumbing to some resistance as it tried to reach a new all-time high,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message.
“Both Philippine and US stocks finished higher on their last trading sessions as window dressing is now under way,” Regina Capital’s Mr. Limlingan said.
The Dow Jones Industrial Average added 0.11% or 28.09 points to 24,774.30. The Nasdaq Composite Index inched up 0.04% or 3.09 points to 6,939.34, while the S&P 500 index firmed up 0.08% or 2.12 points to 2,682.62.
Asked if the market can reach another all-time high before the year ends, RCBC Securities, Inc. equity analyst Jeffrey Lucero noted there is strong resistance at the 8,600 level.
“The market may continue to receive a boost from window dressing, but probably not enough to push the index beyond 8,600,” Mr. Lucero said in a text message.
The holding firms counter was the lone index that ended with losses, dropping 0.16% or 13.97 points to 8,606.49.
The financial sector led Thursday’s gains with an increase of 1.29% or 28.16 points to 2,202.75, followed by the mining and oil sector which added 1.10% or 125.24 points to 11,510.51. Industrials added 0.79% or 88.46 points to close at 11,277.52; property rose 0.64% or 25.36 points to 3,975.86; while services climbed 0.25% or 4.11 points t 1,617.93.
The market saw a total of 764.75 million issues valued at P6.40 billion switch hands. This is almost twice the value turnover of P3.6 billion recorded on Wednesday.
Foreign buying ballooned to P1.25 billion against the P349.46-million net inflow logged last Wednesday.
Advancers outnumbered decliners, 107 to 105, as 38 issues remained unchanged after yesterday’s session.
Southeast Asian stock markets rose on Thursday, with Indonesia also hitting an all-time high and Malaysia scaling a three-and-a-half-month peak.
The Jakarta SE Composite Index climbed as much as 0.30% before paring the gains. The index, which had risen 18.5% this year as of Wednesday’s close, added 2.7% in the previous three sessions of gains.
Among other Southeast Asian stock markets, Malaysia extended gains into a second session and hit its highest since Sept. 19. — Arra B. Francia
Source: http://bworldonline.com/shares-post-gains-window-dressing-continues/
=====================================================
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 continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:
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.