Top Ten Smart Money Moves – January 10, 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 10. 112 Billion – Medium
Advances Declines – (Ideal is 2:1) 109 Advances vs. 82 Declines = 1.33:1 Neutral
Total Foreign Buying PhP 6.839 Billion
Total Foreign Selling – (PhP 5.335) Billion
Net Foreign Buying (Selling) – PhP 1.504 Billion – 6th day of Net Foreign Buying after 10 days 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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PHL shares climb on strong foreign fund inflows
January 10, 2019 | 9:00 pm
SHARES CONTINUED their ascent on Thursday, bringing the main index closer to the 8,000 level on hopes of warmer trade relations between the United States and China after their officials’ meeting this week.
The benchmark Philippine Stock Exchange index (PSEi) firmed up by 0.82% or 65.56 points to 7,985.23, reversing its losses in early morning trading. The broader all-shares index likewise climbed 0.78% or 36.94 points to 4,764.91.
“Philippine shares (were) once more ever closer to the 8,000 level alongside the S&P 500 in its longest winning streak since Sept. 14, on reports that the US and China have narrowed differences over trade,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
While US and Chinese officials gave little details on their trade talks that lasted for three days, they said both sides considered ways to achieve fairness, reciprocity, and balance.
Papa Securities Corp. Sales Associate Gabriel Jose F. Perez, meanwhile, attributed the market’s increase to the continued inflow of foreign funds.
Net foreign buying reached P1.5 billion on Thursday, higher than the previous session’s P1.37 billion. This marks the sixth day of net purchases for the market, with net sales recorded only logged on the first trading day of the year.
“Another strong round of net foreign buying propelled the index…even making an intraday high of 7,992.33 just a few points shy of the 8,000 mark,” Mr. Perez said in an e-mail.
The mining and oil counter was the lone sub-index that declined, slipping 0.28% or 25.07 points to 8,789.32.
The rest went up, led by services as it surged 1.68% or 25.60 points to 1,545.07. Financials jumped 1.14% or 20.56 points to 1,818.42. Industrials rose 0.98% or 112 points to 11,474.95; property went up 0.86% or 34.39 points to 3,990.24; while holding firms added 0.15% or 11.95 points to 7,930.61.
Some 2.12 billion issues valued at P10.11 billion switched hands, broadly steady from the previous session’s P10.17-billion turnover.
Advancers continued to outpace decliners, 109 to 82, while 51 names ended flat.
Papa Securities’ Mr. Perez noted that the PSEi could end the week on a positive note should foreign inflows continue to register above the P1-billion mark.
“Caveat, technical analysis indicator RSI (relative strength index) for the PSEi already at the overbought level so the potential of profit taking soon is still on the table,” Mr. Perez said.
Meanwhile, Wall Street’s major indices also posted gains overnight. The Dow Jones Industrial Average rose 0.39% or 91.67 points to 23,879.12. The S&P 500 index went up 0.41% or 10.55 points to 2,584.96, while the Nasdaq Composite index jumped 0.87% or 60.08 points to 6,957.08.
In contrast, Asian indices ended mixed after China’s inflation data missed expectations. — Arra B. Francia
Source: https://www.bworldonline.com/phl-shares-climb-on-strong-foreign-fund-inflows/
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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.