Top Ten Smart Money Moves – November 26, 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 26, 2018 Data)
Total Traded Value – PhP 6.883 Billion – Low
Advances Declines – (Ideal is 2:1) 106 Advances vs. 74 Declines = 1.43:1 Neutral
Total Foreign Buying PhP 3.427 Billion
Total Foreign Selling – (PhP 4.059) Billion
Net Foreign Buying (Selling) – (PhP 0.632) Billion – first day of Net Foreign Selling after 2 days 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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PHL shares climb on month-end window dressing
November 26, 2018 | 9:00 pm
LOCAL EQUITIES surged on Monday, bucking the sell-off in international markets last Friday, to make way for early window dressing for November.
The benchmark Philippine Stock Exchange index (PSEi) went up 0.78% or 57.69 points to close at 7,397.87 yesterday. The broader all-shares index likewise gained 0.72% or 31.86 points to finish at 4,441.09.
“I think the market managed to move higher despite foreign selling because of continued local bargain hunting of selected stocks ahead of short trading days and month-end,” IB Gimenez Securities, Inc. Research Head Joylin F. Telagen said via text.
“However, for the week, I expect sideways trading due to short trading week with possible upward bias due to month-end window dressing and possible Santa Claus rally next month.”
A Santa Claus rally is a seasonal phenomenon wherein indices typically increase due to optimism during the holidays, and the expected rise in stock prices in January.
Meanwhile, Papa Securities Corp. Head of Marketing and Business Development Arbee B. Lu noted that the rally was led by some of the most beat down stocks this year, such as Aboitiz Equity Ventures which soared 11.11% and Semirara Mining and Power Corp., which added 5.08%.
“We continue to expect the index to carry on trekking upwards to at least 7,430, our next resistance level,” Ms. Lu said in an e-mail.
The PSEi shrugged off weakness in US markets last Friday, which saw the Dow Jones Industrial Average drop 0.73% or 178.74 points to 24,285.95. The S&P 500 index shed 0.66% or 17.37 points to 2,632.56, while Nasdaq Composite index fell 0.48% or 33.27 points to 6,938.98.
Meanwhile, Asian markets were mostly higher on Monday on optimism that US President Donald J. Trump and Chinese President Xi Jinping’s upcoming meeting will ease trade tensions between the two countries.
“While the foreign markets aren’t looking as optimistic, we’re glad to note that the past few days have seen a resilient PSEi, as the local index gained +3.6% vs. the Dow’s -5.0%. We might just see a similar case this week,” Ms. Lu said.
The industrials counter was the lone index that posted losses, albeit at a meager 0.08% or 9.05 points to 10,774.59. The rest went up, led by mining and oil which jumped 3.35% or 280.65 points to 8,653.61.
Holding firms went up 1.25% or 89.81 points to 7,239.40; services climbed 1.18% or 16.60 points to 1,415.07; property advanced 0.72% or 26.05 points to 3,600.21; while financials gained 0.35% or 6.18 points to 1,745.37.
Advancers outpaced decliners, 106 to 74, while 50 names were unchanged.
Some 1.70 billion issues valued at P6.88 billion switched hands, down from the previous session’s P14.77 billion.
Foreign investors reversed their buying position, recording net sales of P631.89 million on Monday versus Friday’s net inflow worth P9.48 billion. — Arra B. Francia
Source: https://www.bworldonline.com/phl-shares-climb-on-month-end-window-dressing/
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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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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.