Top Ten Smart Money Moves – February 11, 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 6.002 Billion – Low
Advances Declines – (Ideal is 2:1) 108 Declines vs. 105 Advances = 1.03:1 Neutral
Total Foreign Buying PhP 2.778 Billion
Total Foreign Selling – (PhP 2.696) Billion
Net Foreign Buying (Selling) – PhP 0.082 Billion – 17th 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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Investors cautious as earnings reports trickle in
February 11, 2019 | 9:00 pm
THE PHILIPPINE Stock Exchange index (PSEi) began the week lower for the second straight trading day, with investors staying cautious as fourth-quarter and full-year 2018 earnings reports begin to trickle in and amid nagging uncertainty in the trade row between the world’s two biggest economies.
PSEi lost 9.35 points or 0.11% to end Monday at 8,061.54, while the all-shares index gave up 3.84 points or 0.07% to finish at 4,892.48.
“Philippine shares quietly traded lower as investors monitored the Sino-US trade talks continuing in Beijing and the US government shutdown… nearing,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message on Monday when asked for his assessment.
Jervin S. de Celis, trader at Timson Securities, Inc., noted that US-China trade talks will likely be top-of-mind in the market until the March 1 deadline for a deal, saying: “I think investors may likely stay cautious this week as doubts on the trade talks creeps in back to the market.”
REPOSITIONING PORTFOLIOS
Noting that much of the market was trading with gains by noon — with the six sectoral indices equally divided between those that increased and those that were losing — Mr. De Celis said: “Investors are probably repositioning ahead of the earnings report of several blue-chip companies that will release their FS in the next coming days.”
SM Prime Holdings, Inc. on Monday reported that consolidated net income grew 17% to P32.2 billion last year from P27.6 billion in 2017, with net income increasing by 16% to P8.7 billion in last year’s fourth quarter alone from P7.5 billion in 2017’s final three months. Shares of the property developer increased by 1.68% to end P39.30 apiece.
Elsewhere in Asia, Japan’s Nikkei 225 and TOPIX indices were down 2.01% and 1.89%, respectively.
Other major Asian markets, however, gained with Hong Kong’s Hang Seng Index, Shanghai Composite and South Korea’s KOSPI going up 0.71%, 1.36%, and 0.17%, respectively.
FOREIGNERS STILL BUYING
Only two of the six sectoral indices back home ended the day with gains: holding firms which increased by 9.54 points or 0.11% to finish 8,042.54 and property which edged up by 34.25 points or 0.85% to close at 4,032.10.
The rest dropped: mining and oil by 131.29 points or 1.5% to 8,608.33, services by 17.23 points or 1.06% to 1,602.11, financials by 14.32 points or 0.77% to 1,833.07 and industrials by 59.77 points or 0.51% to 11,618.40.
Stocks that declined narrowly outnumbered those that gained 108 to 105, while 36 others ended flat.
Monday saw thinner trades of 3.37 billion shares worth P6 billion, compared to the 3.17 billion worth P7.81 billion recorded on Friday last week.
Net foreign buying persisted, but down 69.9% to P82.14 million from Friday’s 272.66 million. — Janina C. Lim
Source: https://www.bworldonline.com/investors-cautious-as-earnings-reports-trickle-in/
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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.