Top Ten Smart Money Moves – December 7, 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 6.292 Billion – Low
Advances Declines – (Ideal is 2:1) 110 Declines vs. 80 Advances = 1.38:1 Neutral
Total Foreign Buying PhP 3.531 Billion
Total Foreign Selling – (PhP 3.793) Billion
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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PSE banks on better inflation data sinking in
December 10, 2018 | 12:01 am
By Arra B. Francia
Reporter
LOCAL SHARES may climb in the week ahead as investors — in the absence of any untoward foreign development — digest recent signs that inflation began to slow in November, accompanied by a stronger peso.
The bellwether Philippine Stock Exchange index (PSEi) dropped 0.99% or 74.26 points to finish at 7,461.06 on Friday last week. The main index was up by 1.26% or 93.21 points on a weekly basis, thanks to the PSEi’s rally on signs at the start of the week of an easing in the China-US trade spat.
Last week was marked by P796 million in foreign net buying, compared to the preceding week’s P733-million foreign net selling.
Initial optimism about easing trade tensions between the world’s two biggest economies, however, gave way to revived jitters after Canada arrested Chinese telco giant Huawei’s chief finance officer Meng Wanzhou on Dec. 1, triggering a global equities sell-off.
In the week ahead, some analysts are still banking on November’s better inflation data to continue supporting PSEi’s ascent. “With inflation getting better and the currency getting stronger, there is still strong indication that investors will begin to see the market in a better light and start getting back in,” Eagle Equities, Inc. Research Head Christopher John Mangun said in a weekly market report.
The Philippine Statistics Authority reported on Wednesday last week that inflation clocked in at six percent in November, slowing from September and October’s nine-year-high 6.7%.
Online brokerage 2TradeAsia.com shared this view, saying that slower inflation could help the Bangko Sentral ng Pilipinas (BSP) steady monetary policy in its eighth and last policy meeting for the year on Dec. 12.
“If this is upheld, monetary authorities would provide room to aid consumer spending and possibly prod enterprises to tap credit lines with banks, especially those with capital-intensive expansion initiatives starting next year,” 2TradeAsia.com said in a weekly market note.
2TradeAsia.com noted that the meeting of the BSP’s Monetary Board will come ahead of the US Federal Open Market Committee’s Dec. 18-19 meeting.
“Judging from crude prices’ latest downtrend, the likelihood appears high for Fed tightening to be deferred to next year,” the online brokerage said.
Eagle Equities’ Mr. Mangun pegged this week’s initial resistance level at 7,500-7,800 and support at 7,000-7,270. He noted that the goal for this week would be to reach the 7,500 mark, after which the index could target 7,800 and even 8,000 before the month ends. “We are still banking on the fact that a ‘Santa rally’ is in the making,” he said.
2TradeAsia.com expects PSEi to test 7,900-8,000, unless negative developments in Sino-US trade tensions again upset investors.
Source: https://www.bworldonline.com/pse-banks-on-better-inflation-data-sinking-in/
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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.