Top Ten Smart Money Moves – January 9, 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. 170 Billion – Medium
Advances Declines – (Ideal is 2:1) 140 Advances vs. 72 Declines = 1.94:1 Neutral
Total Foreign Buying PhP 6.856 Billion
Total Foreign Selling – (PhP 5.485) Billion
Net Foreign Buying (Selling) – PhP 1.371 Billion – 5th 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 surges past 7,900 as US, China wrap up talks
January 9, 2019 | 9:00 pm
THE MAIN INDEX soared past the 7,900 level on Wednesday, following optimistic views on trade relations between the United States and China alongside the continued flow of foreign funds into the local bourse.
The bellwether Philippine Stock Exchange index (PSEi) surged 2.82% or 217.55 points to 7,919.67 yesterday, recovering from its decline in the previous session.
The all-shares index likewise jumped 2.02% or 93.80 points to 4,727.97.
“The market’s surge reflects rising optimism on US-China trade relations, as well as subsiding local inflation. So far, foreign funds have been net buyers since the start of the year. We are hoping that this will continue,” PNB Securities, Inc. President Manuel Antonio G. Lisbona said via text.
China’s foreign ministry announced yesterday that it has concluded trade talks with the US, which had extended into a third day versus the scheduled two. Officials said this indicates the serious nature of the discussions.
With this, Wall Street registered strong gains overnight. The Dow Jones Industrial Average jumped 1.09% or 256.10 points to 23,787.45; the S&P 500 index edged higher by 0.97% or 24.72 points to 2,574.41; while the Nasdaq Composite index also advanced 1.08% or 73.53 points to 6,897.
Aside from warming trade relations, Diversified Securities, Inc. trader Aniceto K. Pangan also attributed the uptrend to the market’s net foreign buying position of P1.37 billion. This is about nine times the P152.33-million net inflow on Tuesday, and is the fifth straight session of net purchases.
“Market manifested an uptrend today on the continued investment inflows from overseas fund with a net foreign buying of more than P1.37 billion after inflation simmered down substantially for two consecutive months and dovish remarks from US Fed favoring emerging markets particularly Philippines on attractive valuation,” Mr. Pangan said in a separate message on Wednesday.
December inflation slowed to 5.1% from six percent in November, the second time that prices of goods eased since September and October’s peak of 6.7%.
Sectoral indices were gainers across-the-board, led by holding firms which climbed 4.47% or 339.43 points to 7,918.66.
Services firmed up 2.52% or 37.45 points to 1,519.47; property rose 2.2% or 85.24 points to 3,955.85; financials gained 1.37% or 24.45 points to 1,797.86; industrials added 0.48% or 54.78 points to 11,362.95; while mining and oil also closed 0.4% higher or 35.14 points to 8,814.39.
Some 3.37 billion issues worth P10.17 billion switched hands, much higher than Tuesday’s P6.03 billion.
Advancers were double the decliners, 140 to 72, while 30 names were unchanged.
“The market is now within striking distance of the psychological resistance level of 8,000. If the market will move and close decisively above 8,000, we could see it test 8,250…otherwise it’s back to support at 7,580,” PNB Securities’ Mr. Lisbona said. — Arra B. Francia
Source: https://www.bworldonline.com/psei-surges-past-7900-as-us-china-wrap-up-talks/
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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.