Top Ten Smart Money Moves – January 3, 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 7.164 Billion – Low
Advances Declines – (Ideal is 2:1) 135 Advances vs. 61 Declines = 2.21:1 Bullish
Total Foreign Buying PhP 3.701 Billion
Total Foreign Selling – (PhP 3.504) Billion
Net Foreign Buying (Selling) – PhP 0.197 Billion – first 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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PSEi soars on positive sentiment ahead of data
January 3, 2019 | 9:30 pm
LOCAL STOCKS surged on Thursday as investors continued to buy shares in anticipation of better inflation figures for December.
The bellwether Philippine Stock Exchange index (PSEi) soared 2.55% or 191.40 points to close at 7,680.60 yesterday, sustaining the previous session’s upward momentum. The broader all-shares index likewise gained 1.98% or 89.61 points to close at 4,610.28.
“This is the big move that we have been expecting. It may be investors anticipating better economic number that will be announced next week,” Eagle Equities, Inc. Research Head Christopher John Mangun said in an e-mail.
The Philippine Statistics Authority will release the December inflation print on Friday, Jan. 4, which analysts expect will be slower than November figure of six percent. It will also release the country’s fourth-quarter gross domestic product growth report next week.
Papa Securities Corp. Sales Associate Gabriel Jose F. Perez, meanwhile, said the main index may have followed the EPHE’s 2.3% gain overnight, referring to the iShares MSCI Philippines exchange-traded fund which tracks the investment results of a broad-based index composed of local stocks.
“Net foreign flows notably registered an inflow of P197 million, breaking the 10-day streak of outflows we’ve been seeing. This is ahead of [Friday]’s December inflation release figure,” Mr. Perez said in a separate e-mail.
All sectoral indices ended in positive territory, led by the mining and oil counter which advanced 3.95% or 330.28 points to 8,676.71.
“Even the mining and oil sector performed extremely well [on Thursday] as investors saw mining companies as bargains after they were battered the whole year,” Mr. Mangun said.
Holding firms climbed 3.44% or 251.94 points to 7,569.83; property firmed up 2.47% or 91.76 points to 3,805.82; and financials rose 1.93% or 34.17 points to 1,802.42. Services also closed 1.84% or 26.80 points higher at 1,477.26, while industrials added 0.66% or 72.75 points to 11,014.71.
Turnover was back to average levels at P7.16 billion after some 985.18 million issues switched hands, versus the previous session’s P3.36 billion.
Market breadth favored gainers over losers, 135 to 61, while 44 names ended flat.
Eighteen out of the 20 most actively traded stocks ended on a positive note, led by Philex Mining Corp. (up 12.65%); Puregold Price Club, Inc. (up 5%); SM Investments Corp. (up 4.64%); and JG Summit Holdings, Inc. (up 4.63%).
The PSEi’s ascent came amid the flat performance of markets in the United States overnight. The Dow Jones Industrial Average added 0.08% or 18.78 points to close at 23,346.24. The S&P 500 index went up 0.13% or 3.18 points to 2,510.03, while the Nasdaq Composite index also rose 0.46% or 30.66 points to 6,665.94.
Meanwhile, Asian markets ended mixed as some recovered from the sharp losses seen on Wednesday. — Arra B. Francia
Source: https://www.bworldonline.com/psei-soars-on-positive-sentiment-ahead-of-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.