Top Ten Smart Money Moves – November 21, 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 21, 2018 Data)
Total Traded Value – PhP 7.058 Billion – Low
Advances Declines – (Ideal is 2:1) 127 Declines vs. 64 Advances = 1.98:1 Neutral
Total Foreign Buying PhP 3.455 Billion
Total Foreign Selling – (PhP 3.525) Billion
Net Foreign Buying (Selling) – (PhP 0.070) Billion – first 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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Stocks snap rally on negative market sentiment
November 21, 2018 | 9:00 pm
By Arra B. Francia, Reporter
THE MAIN INDEX snapped its five-day winning streak on Wednesday, weighed down by the negative sentiment in Wall Street overnight due to lingering concerns on the United States’ trade war with China.
The bellwether Philippine Stock Exchange index (PSEi) slumped 0.51% or 37.49 points to 7,265.45 by closing bell yesterday. The broader all-shares index likewise dropped 0.6% or 26.70 points to 4,371.64.
“Seems like index wasn’t able to gather enough strength today to counter the negative sentiment from US markets dropping once again last night (recall how the index was able to power through yesterday to recover from its lows and even close in the green),” P2P Trade Online Sales Associate Gabriel Jose F. Perez said in an e-mail on Wednesday.
Regina Capital Development Corp. Managing Director Luis A. Limlingan noted that there have been lingering concerns over the previous sessions.
“One has been the sustainability of the high growth rate and corporate earnings of the world’s largest economy. Next is the impending tariffs that will hurt both US and China. Next is the impact of the rate hike. Finally is the stumbling price of oil, as the US has now become self sufficient,” Mr. Limlingan said in a mobile phone message.
US officials on Tuesday accused China of not changing its “unfair, unreasonable, and market-distorting practices.” The statement is seen to put further tension on US President Donald J. Trump and Chinese President Xi Jinping’s meeting at the G20 Summit in Argentina at the end of the month.
With this, the Dow Jones Industrial Average plunged 2.21% or 551.80 points to 24,465.64. The S&P 500 index shed 1.82% or 48.84 points to 2,641.89, while the Nasdaq Composite index retreated 1.7% or 119.65 points to 6,908.82.
Locally, only the industrials counter managed to eke out gains, adding 0.27% or 28.72 points to 10,665.83. The rest dropped, led by mining and oil which plummeted 5.03% or 437.16 points to 8,242.48. PXP Energy Corp. and Semirara Mining and Power Corp. dragged down the sub-index after falling by 14.87% and 3.85%, respectively.
Holding firms slipped 0.98% or 71.32 points to 7,153.65; services went down 0.8% or 11.35 points to 1,391.49; property dipped 0.53% or 18.83 points to 3,493.10; while financials was lower by 0.35% or 6.01 points to 1,704.82.
Some 902.68 million issues valued at P7.06 billion switched hands, higher than the previous session’s P6.92 billion. Decliners were about double the advancers, 127 to 64, while 48 names were unchanged.
Foreign investors went back to selling their holdings, recording net foreign outflows of P70.26 million against Tuesday’s net purchases of P526.01 million.
P2P Trade’s Mr. Perez noted that the PSEi may see “some reprieve” in the next session, given that Dow futures were up by 100 points yesterday afternoon.
Source: https://www.bworldonline.com/stocks-snap-rally-on-negative-market-sentiment/
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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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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.