Top Ten Smart Money Moves – February 20, 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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Trading Notes for Today – (Based on February 20, 2019 Data)
Total Traded Value – PhP 7.796 Billion – Low
Advances Declines – (Ideal is 2:1) 122 Advances vs. 88 Declines = 1.39:1 Neutral
Total Foreign Buying PhP 4.845 Billion
Total Foreign Selling – (PhP 4.757) Billion
Net Foreign Buying (Selling) – PhP 0.088 Billion – first 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 climb ahead of high-level US-China talks
February 20, 2019 | 9:00 pm
By Arra B. Francia, Reporter
SHARES bounced back on Wednesday, tracking positive sentiment across the region as investors were once again upbeat on prospects for the US-China trade war negotiations.
The bellwether Philippine Stock Exchange index (PSEi) jumped 1.34% or 105.49 points to close at 7,939.24 yesterday. The broader all- shares index likewise rose 1.12% or 54.05 points to 4,856.94.
“PSEi ended the day 1.35% higher, following the trend across Asian bourses. The rally has been fuelled by increased optimism on the ongoing US China negotiations on trade,” AAA Southeast Equities, Inc. President William Matthew M. Cabangon said via text, adding that investors should be prepared for heightened volatility.
Officials of the United States and China are set to meet on Thursday and Friday for another round of high-level talks as both parties target to reach a deal before their truce ends on March 1.
Wall Street indices ended in positive territory, with the Dow Jones Industrial Average adding 0.03% or 8.07 points to 25,891.32. The S&P 500 index gained 0.15% to 2,779.76, while the Nasdaq Composite index picked up 0.19% to 7,486.77.
For Philstocks Financial, Inc. Research Associate Piper Chaucer E. Tan, Wednesday’s uptick served as a technical bounce after the PSEi’s drop to the 7,800 level on Tuesday.
“BoP (balance of payments) release also shows a significant contribution to FPI or foreign portfolio investments, which takes into account the foreign buying of shares in our local bourse,” Mr. Tan said in a separate message.
AAA Equities’ Mr. Cabangon also attributed the increase to the passage of the rice tariffication law, which is seen to help augment rice supply in the country.
“The rice tariffication bill also helped boost local stocks, as inflation expectations head lower due to an increase in the staple’s supply. It is worth noting that rice is one of the largest contributors to the national inflation figure,” Mr. Cabangon explained.
The Bangko Sentral ng Pilipinas estimates that the rice tariffication law will bring down the headline inflation rate by 0.6 percentage points this year.
All sectoral indices closed in positive territory, except for the services counter which slipped 0.02% or 0.31 point to 1,565.68.
Industrials led gainers, soaring 2.01% or 228.29 points to 11,567.25, followed by mining and oil which surged 1.75% or 148.36 points to 8,591.99. Property also climbed 1.75% or 69.02 points to 4,009.11; holding firms rose 1.46% or 115.35 points to 7,999.22; and financials firmed up 0.24% or 4.39 points to 1,777.78.
Value turnover slipped to P7.80 billion after some 1.47 billion issues switched hands, versus the previous session’s P8.10 billion.
Market breadth was positive with 122 gainers versus 88 losers, while a total of 42 stocks ended flat.
Foreign investors were back on net buying mode, albeit at a narrow P88.43 million, compared to the previous session’s net sales worth P289.39 million.
Source: https://www.bworldonline.com/shares-climb-ahead-of-high-level-us-china-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.
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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.