Top Ten Smart Money Moves – January 7, 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 8. 409 Billion – Medium
Advances Declines – (Ideal is 2:1) 126 Advances vs. 82 Declines = 1.54:1 Neutral
Total Foreign Buying PhP 4.476 Billion
Total Foreign Selling – (PhP 3.252) Billion
Net Foreign Buying (Selling) – PhP 1.224 Billion – 3rd 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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Local stocks climb as US-China trade talks start
January 7, 2019 | 9:00 pm
By Arra B. Francia, Reporter
LOCAL EQUITIES booked gains on Monday as investors turned upbeat prior to the start of meetings between the United States and China to defuse their ongoing trade war.
The 30-company Philippine Stock Exchange index (PSEi) climbed 0.34% or 26.55 points to 7,787.66 yesterday, marking its fourth day on a winning streak. The main index hit an intraday high of 7,900.70, but failed to hold on to the large gains until the closing bell.
The broader all-shares index likewise rose 0.41% or 19.38 points to 4,671.97.
“Philippine shares continue to be bought on positive sentiment, this time with hope that a breakthrough will be reached as the Sino-trade discussion starts,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
Officials from the US and China will meet in Beijing for two days starting Monday to discuss the next steps in their trade spat before their 90-day truce expires on March 1.
The PSEi mirrored the positive finishes of markets abroad. Last Friday, the Dow Jones Industrial Average surged 3.29% or 746.94 points to 23,433.16. The S&P 500 index advanced 3.43% or 84.05 points to 2,513.94, while the Nasdaq Composite index rallied 4.26% or 275.35 points to 6,738.86.
“Positivity may have come from how US markets surged last Friday, and further sentiment from the lower than expected December inflation figure,” Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said in an e-mail, referring to the 5.2% inflation rate reported by the Philippine Statistics Authority last Friday.
Mr. Perez also noted that investors may have gone profit taking near the market’s close, given that it closed much lower than its intraday high.
“With [yesterday]’s sell-down at the close, the 7,900 level seems to be the area to watch out for in the coming days. Foreigners may have finally come back in the market as well especially with two consecutive days of inflows above the P1.0 billion mark,” Mr. Perez said.
The local bourse maintained its foreign buying position for the third straight day, with net inflows rising to P1.22 billion from last Friday’s P1.02 billion.
The financials counter was the lone sub-index that ended the day with losses, falling 1.31% or 23.81 points to 1,789.80.
The rest went up, led by property which surged 1.6% or 62.39 points to 3,939.75. Industrials firmed up 0.96% or 108.91 points to 11,358.82; services were up 0.81% or 12.03 points to 1,495.44; holding firms added 0.54% or 41.07 points to 7,648.11; while mining and oil gained 0.32% or 28.83 points to 8,900.98.
Some 1.34 million issues valued at P8.41 billion switched hands, down from the previous session’s P9.04 billion.
Advancers swamped decliners, 126 to 82, while 38 names were unchanged.
Source: https://www.bworldonline.com/local-stocks-climb-as-us-china-trade-talks-start/
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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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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.