Top Ten Smart Money Moves – February 6, 2019
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 7.315 Billion – Low
Advances Declines – (Ideal is 2:1) 140 Advances vs. 76 Declines = 1.84:1 Neutral
Total Foreign Buying PhP 3.493 Billion
Total Foreign Selling – (PhP 2.546) Billion
Net Foreign Buying (Selling) – PhP 0.947 Billion – 14th 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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Stocks drop on profit taking after inflation data
February 6, 2019 | 9:00 pm
LOCAL EQUITIES slumped on Wednesday despite surging intraday, as investors earlier cheered the slower-than-expected January inflation print but eventually succumbed to profit taking.
The benchmark Philippine Stock Exchange index (PSEi) slipped 0.13% or 11.03 points to close at 8,058.45 yesterday, failing to sustain intraday gains which saw the main index rising to as high as the 8,200 level.
The broader all-shares index, meanwhile, ended nearly flat at 4,893.48, 0.01% or 0.94 point higher from the previous day.
“Looks like profit taking was the name of the game today as the index dove straight down, 155 points from its intraday high in fact, to close at 8,058.45. Index went up initially in the morning as the market welcomed January’s 4.4% inflation figure,” Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said in an e-mail on Wednesday.
Investors initially cheered the better-than-expected inflation report for January, which saw the headline print slow to 4.4%. This is lower than the market consensus of 4.5%.
IB Gimenez Securities Research Head Joylin F. Telagen also noted that investors chose to cash in on gains at the market’s close after welcoming the lower inflation rate.
“After the non-trading day in celebration of Chinese New Year, investors are back and cheered the lower-than-expected inflation rate which might also lead for the BSP’s (Bangko Sentral ng Pilipinas) first monetary meeting to keep interest rates unchanged,” Ms. Telagen said in a text message.
The BSP’s policy-setting Monetary Board will meet on Thursday for its first meeting of the year, where analysts expect rates to stay unchanged at the current range of 4.25-5.25%.
The counter for holding firms was the lone sub-index that ended with a loss, dropping 1.23% or 98.92 points to 7,931.10.
The rest went up, led by mining and oil which jumped 1.37% or 118.36 points to 8,739.30. Services gained 0.74% or 12.05 points to 1,620.51; financials climbed 0.74% or 13.62 points to 1,853.18; industrials went up 0.54% or 63.93 points to 11,799.38; while property firmed up 0.48% or 19.27 points to 4,001.55.
Foreign investors continued their buying spree with net purchases of P947.17 million, albeit lower than Monday’s P1.01-billion net inflow.
Some 2.84 billion issues valued at P7.32 billion switched hands, mostly unchanged from the previous session’s turnover.
Advancers were almost double the decliners, 140 to 76, while 42 names were unchanged.
Overseas, Wall Street indices advanced ahead of US President Donald J. Trump’s State of the Union address. The Dow Jones Industrial Average inched up 0.68% or 172.15 points to 25,411.52. The S&P 500 index rose 0.47% or 12.83 points to 2,737.70, while the Nasdaq Composite index added 0.74% or 54.55 points to 7,402.08. Asian indices mirrored Wall Street’s ascent, ending mostly higher on Wednesday. — Arra B. Francia
Source: https://www.bworldonline.com/stocks-drop-on-profit-taking-after-inflation-data/
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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.