Top Ten Smart Money Moves – February 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 7.322 Billion – Low
Advances Declines – (Ideal is 2:1) 124 Advances vs. 83 Declines = 1.49:1 Neutral
Total Foreign Buying PhP 4.255 Billion
Total Foreign Selling – (PhP 3.246) Billion
Net Foreign Buying (Selling) – PhP 1.009 Billion – 13th 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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PHL shares seen to climb as inflation slows further
February 5, 2019 | 9:00 pm
By Arra B. Francia, Reporter
SHARES ARE SEEN to rise on Wednesday following the better than expected inflation reading for the month of January.
The 30-company Philippine Stock Exchange index fell 0.91% or 74.68 points to close at 8,069.48 on Monday, snapping a two-day ascent for the market.
“The slightly better reading should bode well for the market. Buying momentum should continue as investors will be encouraged that this will soon fall closer to the admissible range of 2%-4%,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message following the release of the inflation data on Tuesday.
Philstocks Financial, Inc. Research Associate Piper Chaucer E. Tan also noted that the market could firm up on Wednesday on positive news on inflation.
“I think that the market will be up and sustain the rally above 8,000 because of the inverse relationship of inflation to our index. When inflation goes down our index goes up since our economy is consumption drive,” Mr. Tan said in a text message.
The Philippine Statistics Authority reported on Tuesday that headline inflation eased to 4.4% in January from December’s 5.1%. This is the slowest recorded in 10 months since March 2018’s 4.3%.
The January inflation figure is lower than the 4.5% median estimate from a BusinessWorld poll of 12 analysts.
The figure however is still higher than January 2018’s inflation print of 3.4%.
“Also the market will be pricing in the stance of BSP (Bangko Sentral ng Pilipinas) not to raise interest rates since we see the inflation is going down. This is a very positive news for our local bourse,” Mr. Tan added.
The BSP’s Monetary Board will meet on Thursday to review policy rates. A BusinessWorld poll of the same analysts said the Monetary Board will likely keep benchmark rates steady at 4.25-5.25% for its first policy review this year.
Instead of adjusting key interest rates, analysts expect the BSP to first cut the reserve requirement ratio (RRR) of banks.
BSP Governor Nestor A. Espenilla, Jr. earlier said there is scope to pursue further cuts to the 18% RRR for big banks. This forms part of Mr. Espenilla’s long-term goal of bringing down the RRR to single-digit levels when his six-year term as governor ends in 2023.
Local financial markets will reopen on Wednesday following the Chinese New Year holiday.
Meanwhile, major Wall Street indices ended in positive territory on Monday, as investors became optimistic for the prospects of the trade war between the United States and China.
The Dow Jones Industrial Average gained 0.7% or 175.48 points to close at 25,239.37. The S&P 500 index climbed 0.68% or 18.34 points to 2,724.87, while the Nasdaq Composite index jumped 1.15% or 83.67 points to 7,347.54.
Source: https://www.bworldonline.com/phl-shares-seen-to-climb-as-inflation-slows-further/
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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.