Top Ten Smart Money Moves – November 19, 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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Trading Notes for Today – (Based on November 19, 2018 Data)
Total Traded Value – PhP 8.344 Billion – Medium
Advances Declines – (Ideal is 2:1) 107 Advances vs. 81 Declines = 1.32:1 Neutral
Total Foreign Buying PhP 3.963 Billion
Total Foreign Selling – (PhP 4.249) Billion
Net Foreign Buying (Selling) – (PhP 0.286 Billion) – 8th day of Net Foreign Selling after 1 day 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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Stocks rise on Wall Street’s gains ahead of Xi visit
November 19, 2018 | 9:00 pm
SHARES surged on Monday as investors tracked positive finishes in US markets last Friday, while also gaining confidence from Moody’s Investors Service’s outlook on the local banking system.
The bellwether Philippine Stock Exchange index (PSEi) jumped 2.63% or 186.92 points to close at 7,270.26 yesterday, its fourth consecutive day with gains. The broader all-shares index likewise climbed 1.77% or 76.30 points to finish at 4,386.82.
“Mainly it was driven by the optimism that was brought about by the US market up last Friday,” Diversified Securities, Inc. equities trader Aniceto K. Pangan said in a phone interview.
The Dow Jones Industrial Average firmed up 0.49% or 123.95 points to 25,413.22 while the S&P 500 index added 0.22% or 6.07 points to 2,736.27. In contrast, the Nasdaq Composite index slipped 0.15% or 11.16 points to 7,247.87.
Mr. Pangan also noted that investors are optimistic about Chinese President Xi Jinping’s visit to the Philippines on Nov. 20, Tuesday. He is set to have “in-depth discussions” with President Rodrigo R. Duterte to elevate the two countries’ “all-round cooperation.”
“Secondly we have the upcoming visit by the Chinese premier, which could bring a number of loans and exploration are expected to be signed,” Mr. Pangan said.
“Another positive support for traders was that Moody’s came out with a statement that the Philippine banking system is stable, even though some risks loom,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
Philippine banks will remain on “stable” footing over the coming year, Moody’s said in a report published on Monday, propped up by an ample capital base and upbeat loan growth despite rising interest rates.
The global debt watcher kept its outlook on the domestic banking system at “stable” for the next 12-18 months, pointing out that the industry will remain solid despite some easing in economic growth.
Five sectoral indices ended in positive territory, led by holding firms which rose 3.73% or 257.98 points to 7,172.27. Services advanced 2.51% or 34.71 points to 1,415.89; financials gained 2.37% or 39.48 points to 1,701.32; property firmed up 1.5% or 51.67 points to 3,478.14; while industrials added 0.28% or 30.88 points to 10,703.73.
Mining and oil was the lone counter in the red, dipping 0.2% or 18.20 points to 8,929.92.
Some 1.36 billion issues switched hands valued at P8.34 billion, dropping from the previous session’s P9.91 billion.
Advancers outpaced decliners, 107 to 81, while 49 names were unchanged.
Net foreign outflows were at P286.49 million on Monday from the P148.54-million net sales recorded last Friday.
“We have to see the index break the 7,350 level. Now for the week, I see the index trying to break that level, but definitely there’s some possibility for a correction for the latter part,” Mr. Pangan said. — Arra B. Francia
Source: https://www.bworldonline.com/stocks-rise-on-wall-streets-gains-ahead-of-xi-visit/
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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.
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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.