Top Ten Smart Money Moves – February 1, 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 8.972 Billion – Medium
Advances Declines – (Ideal is 2:1) 172 Advances vs. 49 Declines = 3.49:1 Bullish
Total Foreign Buying PhP 5.540 Billion
Total Foreign Selling – (PhP 4.521) Billion
Net Foreign Buying (Selling) – PhP 1.019 Billion – 12th 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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Shares seen sideways ahead of inflation, holiday
February 4, 2019 | 12:01 am
By Arra B. Francia
Reporter
LOCAL SHARES may trade sideways in the week ahead as investors go on holiday ahead of the Chinese New Year, but may get a lift from expectations of a lower inflation report for January.
The bellwether Philippine Stock Exchange index (PSEi) soared past the 8,100 level last week, jumping 1.7% or 136.68 points to close at 8,144.16 on Friday.
On a weekly basis, the main index gained 1.13% or 90.96 points, propped up by the counters for holding firms and financials, which climbed 2.24% and 1.6%, respectively. Net foreign buying for the week was steady at P5.74 billion.
“[This] week is the first trading week of February and with only four days of trading we are going to see lower trading volumes as the holiday is in the middle of [the] week and investors may take a break from trading and take the week off,” Eagle Equities, Inc. Research Head Christopher John Mangun said in a weekly market report.
“The market may continue to trade sideways between 8,000 and 8,200,” Mr. Mangun added, noting that the important thing is for the index to stay above 8,000.
Financial markets will be closed on Tuesday, Feb. 5, in celebration of Chinese New Year.
The shorter trading week will also see the release of inflation data for January. The Bangko Sentral ng Pilipinas projected headline inflation to range between 4.3-5.1%, indicating that it could slow from December’s actual print of 5.1%.
“Official data will be released mid-week, which will be aided by stable supply on key consumer staples and reduced electricity pricing. This would reinforce hopes for BSP to maintain its interest rates, and support capex spending through stable borrowing costs,” online brokerage 2TradeAsia.com said in a weekly market note.
Eagle Equities’ Mr. Mangun also said the beginning of the release of earnings reports may also support the PSEi’s performance for the week.
“With earnings reports set to start coming in by next week on top of better inflation numbers for January, we may see the market factor this in and maintain its current trajectory,” Mr. Mangun said.
Apart from local factors, 2TradeAsia.com said the market may also factor in resolutions to the trade war between the United States and China.
“The indications also point to a market that has enough room to extend its patience, even as no definite accord is in place yet how the US and China would agree to settle their trade spat. At the end of the extended talks, markets appear to be pricing-in resolutions will be in place, to ensure the two dominant economies’ growth direction stays intact,” according to the online brokerage.
Mr. Mangun placed the PSEi’s support at 7,900 to 8,000, with resistance at 8,100 to 8,300.
Source: https://www.bworldonline.com/shares-seen-sideways-ahead-of-inflation-holiday/
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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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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.