Top Ten Smart Money Moves – January 4, 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 9. 042 Billion – Medium
Advances Declines – (Ideal is 2:1) 141 Advances vs. 63 Declines = 2.24:1 Bullish
Total Foreign Buying PhP 4.829 Billion
Total Foreign Selling – (PhP 3.810) Billion
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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Shares may drop as market corrects after surge
January 6, 2019 | 9:00 pm
By Arra B. Francia
Reporter
SHARES MAY CORRECT in the week ahead on the back of profit taking after the main index hit a high of 7,801.50, while investors also anticipate the release of trade numbers for 2018.
The bellwether Philippine Stock Exchange index (PSEi) jumped 1.04% or 80.51 points to 7,761.11 on Friday as investors welcomed the inflation report which showed the rise in prices easing to 5.2% in December. This in line with the market consensus that inflation has indeed started to slow down.
On a weekly basis, the PSEi gained 3.95% or 295.09 points, lifted by the mining and oil and property counters which soared 8.19% and 6.87%, respectively, for the week. Net foreign buying averaged at P404 million daily, thanks to more than P1 billion in foreign inflows on Friday. Turnover also improved by 37% to P6.5 billion last week as investors returned from the holiday break.
Eagle Equities, Inc. Research Head Christopher John Mangun noted this was a very good start for 2019, since this could bring back investor confidence after last year’s dismal performance.
“With the huge move that we saw [last] week, there is a strong possibility that we will see a pullback [this] week. Based on the technicals, the main index ended the week right at its major resistance areas between 7,740 and 7,800 which may cause some profit taking from investors,” Mr. Mangun said in a weekly market report.
The online arm of F. Yap Securities, Inc. also urged caution for the week ahead given the main index’s high of 7,801.50 last week.
“The focus is back on consumer and investment spending for the first quarter of 2019, which will provide a clearer view how specific industries would fine-tune their spending plan for the rest of 2019,” 2TradeAsia.com said in a separate report.
The brokerage also welcomed the December inflation report, projecting a range of 4.5-5.7% for headline inflation this year.
“Stability will be dependent on continuity of supply for basic key items, as well as measures that may be adopted by the Fed[eral Reserve] and monetary authorities,” 2TradeAsia.com said, adding that neutral or even lower rates could support sentiment for equities.
Eagle Equities’ Mr. Mangun also noted that the government will release trade numbers in the week ahead. He said the market expects a trade deficit due to the increase in imports of capital goods for the government’s infrastructure program. This was accompanied by slow growth on exported products despite more tax cuts and incentives under the new tax reform program.
“However, there is some talk that as trade tensions mount between the US and China, some manufacturing firms may see opportunities here in the Philippines and choose to relocate here,” Mr. Mangun said.
The analyst placed the PSEi’s support from 7,500 to 7,600, while resistance is pegged at 7,740 to 8,000.
Source: https://www.bworldonline.com/shares-may-drop-as-market-corrects-after-surge/
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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.