Top Ten Smart Money Moves – November 22, 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 22, 2018 Data)
Total Traded Value – PhP 5.401 Billion – Low
Advances Declines – (Ideal is 2:1) 107 Advances vs. 75 Declines = 1.43:1 Neutral
Total Foreign Buying PhP 2.640 Billion
Total Foreign Selling – (PhP 2.416) Billion
Net Foreign Buying (Selling) – PhP 0.224 Billion – first day of Net Foreign Buying after a day of Net Foreign Selling
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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Shares rebound on improved inflation prospects
November 22, 2018 | 9:00 pm
LOCAL EQUITIES recovered on Thursday due to improved market sentiment, with inflation expected to continue easing amid softening oil prices.
The bellwether Philippine Stock Exchange index (PSEi) gained 2.93 points or 0.04% to close at 7,268.38, up from the previous finish of 7,265.45. The broader all-shares index was also up by 3.64 points or 0.08% to close at 4,375.28.
Manuel Antonio G. Lisbona, president and director of PNB Securities, Inc. attributed the recovery to improved market sentiment.
“The market was buoyed by the improving sentiment, as softening oil prices and progress on the rice tariffication bill will have a positive effect on the country’s inflation picture,” Mr. Lisbona said via text.
Senate Bill No. 1998 or the rice tariffication bill was approved on its third and final reading last Nov. 14. This amends the Republic Act No. 8178 or the Agricultural Tariffication Act by replacing current quantitative import restrictions for rice with tariffs.
Papa Securities Corp. Head of Research Arabelle C. Maghirang shared the same view, also noting that net buying was recorded in yesterday’s trading.
Net foreign buying was logged at P224.06 million, a reversal of Wednesday’s net sales worth P70.26 million.
“Sentiment may be gaining ground due to a slew of healthy macroeconomic indicators: inflation is seen to ease in the coming months from rice importation and suspension of the oil excise tax…,” Ms. Maghirang said in an e-mail.
“Recent dovish comments by the central bank (tightening cycle nearing its end) could also be propping up investor risk appetite for equities,” she added.
Ms. Maghirang added that the flat performance of US markets benefitted emerging markets.
On Wall Street, the Dow Jones Industrial Average ended flat at 24,464.69; the S&P 500 gained 8.04 points or 0.30% to 2,649.93; and the Nasdaq Composite added 63.43 points or 0.92% to 6,972.25.
Back home, sub-indices were split between gainers and losers. Advancing counters were led by industrials, which went up 50.93 points or 0.47% to close at 10,716.76. Financials gained 4.46 points or 0.26% to end at 1,709.28, and services added 0.79 points or 0.05% to 1,392.28.
On the other hand, losers were led by mining and oil, which went down 20.20 points or 0.24% to finish at 8,222.28. Holding firms dropped 4.63 points or 0.06% to 7,149.02 and property declined by 1.19 points or 0.03% to 3,491.91.
Value turnover dropped to P5.40 billion on Thursday from the previous day’s P7.06 billion as 888.05 million issues changed hands.
Advancers outnumbered decliners, 107 to 75, while 53 names were unchanged.
“At this point, we are very near immediate resistance of 7,270-7,300. If the market breaks out, we can see a retest of 7,500 otherwise, we can see the market head back to support at 6,850,” PNB Securities’ Mr. Lisbona said, adding the market may correct in the coming days following its recent uptrend.
Meanwhile, Papa Securities’ Ms. Maghirang said the index could retest the 7,500 level today. — VMPG
Source: https://www.bworldonline.com/shares-rebound-on-improved-inflation-prospects/
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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.