Top Ten Smart Money Moves – January 31, 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 10.811 Billion – Medium
Advances Declines – (Ideal is 2:1) 110 Declines vs. 97 Advances = 1.13:1 Neutral
Total Foreign Buying PhP 5.894 Billion
Total Foreign Selling – (PhP 5.075) Billion
Net Foreign Buying (Selling) – PhP 0.819 Billion – 11th 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 rebound as Fed keeps policy stance steady
January 31, 2019 | 9:00 pm
By Arra B. Francia, Reporter
SHARES bounced back on Thursday as investors welcomed the US Federal Reserve’s decision to keep rates steady, alongside end-of-the-month window dressing.
The bellwether Philippine Stock Exchange index (PSEi) gained 0.34% or 27.53 points to 8,007.48, recovering from a two-day decline. The main index rallied to just below the 8,100 mark in the middle of yesterday’s trading but failed to sustain the momentum as investors booked gains.
The broader all-shares index likewise added 0.11% or 5.32 points to close at 4,829.85.
On a monthly basis, Thursday’s finish is a 7.5% increase from the last trading day of December 2018’s close of 7,466.02.
“A Federal Reserve induced rally coupled with window dressing drove the index past 8,000 once again for a historic first month of 2019,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message.
The Federal Open Market Committee ended its two-day policy meeting with rates unchanged at 2.25-2.5%. It noted that it will continue to be “patient” as it determines rate adjustments in the future.
“The change in the Fed’s tone has cheered not only our local bourse but even the US counters and most regional peers,” Philstocks Financial, Inc. Research Associate Japhet Louis O. Tantiangco said in a separate message.
“Tightening monetary conditions has been one of the problems of equity markets around the world last year especially of emerging ones. And so the latest decision of the Federal Reserve has offered much relief.”
Wall Street indices rallied overnight, with the Dow Jones Industrial Average jumping 1.77% or 434.90 points to 25,014.86. The S&P 500 index closed 1.55% higher or 41.05 points to 2,681.05, while the Nasdaq Composite index soared 2.20% or 154.79 points to 7,183.08.
Regional markets were also in the green, with Japan’s Nikkei 225 up 1.06% to 20,773.49. Hong Kong’s Hang Seng index gained 1.07%, while the Shanghai Composite index rose 0.35%.
All sectoral indices moved to positive territory except for the property counter which dropped 0.57% or 22.69 points to 3,921.56.
Meanwhile, holding firms surged 0.95% or 75.39 points to 7,968.46, followed by mining and oil which rose 0.4% or 34.13 points to 8,503.37. Services climbed 0.32% or 5.17 points to 1,582.29; industrials firmed up 0.26% or 30.25 points to 11,667.18; while financials went up 0.11% or 2.12 points to 1,825.20.
Turnover was higher at P10.81 billion after some 2.67 billion issues switched hands, versus the previous session’s P9.62 billion.
Despite the PSEi’s rally, decliners outpaced advancers, 110 to 97, while 41 names were unchanged.
Foreign investors were net buyers for the 11th straight day, with net purchases of P818.65 million, slightly lower than Wednesday’s P843.95 million.
Source: https://www.bworldonline.com/stocks-rebound-as-fed-keeps-policy-stance-steady/
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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.