Top Ten Smart Money Moves – February 8, 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 7.807 Billion – Low
Advances Declines – (Ideal is 2:1) 119 Declines vs. 98 Advances = 1.21:1 Neutral
Total Foreign Buying PhP 3.799 Billion
Total Foreign Selling – (PhP 3.526) Billion
Net Foreign Buying (Selling) – PhP 0.273 Billion – 16th 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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PSEi seen coasting as investors await 2018 results
February 11, 2019 | 12:01 am
THE BOURSE can be expected to coast at least through early this week, as investors await the release of listed firms’ 2018 financial results.
The Philippine Stock Exchange index (PSEi) shed 0.36% or 29.41 points to close at 8,070.89 last Friday. It fell by 0.9% or 73 points on a weekly basis, as most investors went on break for the Lunar New Year.
Net foreign buying persisted for the entire week, even as it was 38% less at P710 million on average, while average turnover plunged by a fifth to P7.47 billion.
“Despite the PSEi ending in the red this week, the uptrend is still intact. As a matter of fact, the pullback strengthens the rally as it keeps a cautionary sentiment and allows more investors to get back in,” Eagle Equities, Inc. Research Head Christopher John Mangun said in a weekly market note on Friday.
Mr. Mangun cited earnings reports and foreign inflows as catalysts for the week, which could support the PSEi’s uptrend if they come out within expectations.
Globe Telecom, Inc. and Ayala Land, Inc. are scheduled to release their full-year 2018 financial reports on Feb. 12 and Feb. 15, respectively. These firms account for 10.4% of the PSEi basket, or 17% including parent Ayala Corp.
“However, if earnings disappoint or if foreign money ceases to flow in, we may continue to see it trade between 7,800 and 8,100 for the following weeks as it builds momentum to go higher in the longer term,” Mr. Mangun added.
Online brokerage 2TradeAsia.com said investors will be on the lookout for other catalysts now that the central bank — in its first monetary policy review for 2019 just last Thursday — has confirmed market expectations of steady interest rates. “With the status quo on interest rates already factored into prices, attention would switch to sequels on consumer price trend, starting with hints of higher February electricity generation charges and implementation of increased water tariffs from rebasing,” 2TradeAsia.com said in a weekly market note.
And while the proposed P3.757–trillion national budget for 2019 has finally bagged legislative ratification, some provisions of the spending plan could still be vetoed by President Rodrigo R. Duterte should they turn out to contain irregular appropriations. The House of Representatives has threatened to question such a veto before the Supreme Court.
Companies could also be weighing the timing of capital expenditures for the year in the light of the May 13 midterm elections and rains expected next semester. “(C)onsideration will be given by listed firms on their respective capex rollout, factoring-in project timeline extensions ahead of May’s local elections and seasonal rainy season in third quarter,” the online brokerage said.
Investors will also be watching MSCI’s Feb. 11 rebalancing to see if they should adjust portfolios.
Mr. Mangun placed market support at 7,900-8,000 and resistance at 8,100-8,300. — Arra B. Francia
Source: https://www.bworldonline.com/psei-seen-coasting-as-investors-await-2018-results/
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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.