Top Ten Smart Money Moves – February 15, 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 16.391 Billion – High
Advances Declines – (Ideal is 2:1) 127 Declines vs. 83 Advances = 1.53:1 Neutral
Total Foreign Buying PhP 10.394 Billion
Total Foreign Selling – (PhP 10.884) Billion
Net Foreign Buying (Selling) – (PhP 0.490) Billion – first day of Net Foreign Selling after a day of Net Foreign Buying
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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PHL stocks to firm up ahead of corporate earnings
February 18, 2019 | 12:01 am
By Arra B. Francia
Reporter
LOCAL SHARES may firm up in the days ahead following the weakness that prevailed last week, as investors await the release of 2018 financial results.
The bellwether Philippine Stock Exchange index (PSEi) plunged 1.03% or 82.36 points to close at 7,908.89 on Friday. On a weekly basis, the main index dropped 2.01% or 162 points, marking the first time that it went down by more than two percent since the start of its rally in the middle of November.
The financial and services sectors pulled down the PSEi, falling by more than 3% each while property was the lone sub-index that managed to rise for the week.
Foreigners turned net sellers for the first time after five weeks, recording net outflows of P141.59 million. This came on the back of a P42.01-billion turnover for the week.
“There is a strong possibility that we will see a bounce off support next week and possibly try for the key-level of 8,000 next week,” Eagle Equities, Inc. Research Head Christopher John Mangun said in a weekly market report.
Mr. Mangun noted that the PSEi’s sideways trading in the last few weeks can be classified as consolidation, which could provide the index the momentum it needs for more growth in the long term.
“Companies are beginning to file their annual reports and with double-digit growth so far from companies like $JFC (Jollibee Foods Corp.) and $SMPH (SM Prime Holdings, Inc.), this may provide the catalyst for another potential upside move in the shorter term,” Mr. Mangun added.
JFC’s attributable profit rose by 17.1% to P8.3 billion in 2018, while SM Prime’s net income also jumped by 17% to P32.2 billion.
For online brokerage 2TradeAsia.com, the market is seen to form a new base as 2018 earnings results are released.
“Fund managers are seen to assess variables that would support the global macro outlook this year, and how locally listed companies will position relative to their capex and operation-related strategies. This would likely keep gauges at bay for now, as investors retool their respective trading calls, and review these on a quarterly perspective,” 2TradeAsia.com said in a weekly market note.
2TradeAsia.com added that tamer inflation could boost the market in the near horizon. “Risks of possible spiking would depend on factors that could disrupt demand and supply, especially with no clear resolutions in sight yet to the US-China trade tariff.”
The online brokerage, however, said investors should be cautious for now especially since the midterm elections are nearing, given that the market is still searching for a firmer direction on pending economic policies.
Eagle Equities’ Mr. Mangun placed the PSEi’s support from 7,900 to 8,000, with resistance from 8,100 to 8,300.
Source: https://www.bworldonline.com/phl-stocks-to-firm-up-ahead-of-corporate-earnings/
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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.