Top Ten Smart Money Moves – January 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.
================================
Total Traded Value – PhP 6.519 Billion – Low
Advances Declines – (Ideal is 2:1) 102 Advances vs. 86 Declines = 1.19:1 Neutral
Total Foreign Buying PhP 3.984 Billion
Total Foreign Selling – (PhP 3.725) Billion
Net Foreign Buying (Selling) – PhP 0.259 Billion – 9th day of Net Foreign Buying after 10 days 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:
==================================================
Main index declines anew on Brexit, China data
January 15, 2019 | 9:00 pm
LOCAL STOCKS slid slightly on Tuesday as investors awaited the British parliament’s take on a historic vote on the Brexit deal, while China’s trade data brought disappointment.
The bellwether Philippine Stock Exchange index (PSEi) inched down 0.13% or 10.72 points to 8,013.42. The broader all-shares index, meanwhile, went up 0.04% or 2.02 points to 4,788.62.
“Our index ended slightly lower today but still above the 8,000 level as investors turn cautious amidst the Brexit deal which appears to be a crushing defeat for Theresa May,” Jervin S. de Celis, Timson Securities, Inc. trader, said in a mobile message on Tuesday.
However, Mr. De Celis noted that the report on the 2.8% growth in Philippine cash remittances in November “may also have kept our market above that level while foreign investors are assessing the gravity of an apparent failure in the Brexit deal.”
Local shares also declined Tuesday due to the weak Chinese trade data, according to Regina Capital Development Corp. Managing Director Luis A. Limlingan, who said it “sparked fear over a prolonged weakness in global growth.”
“Tech shares led the way lower after a weaker-than-expected China trade data sparked fresh fears of a global economic slowdown,” Mr. Limlingan said in a mobile phone message yesterday.
Mr. Limlingan added that “corporate results are also in the spotlight as fourth-quarter earnings season gets underway.”
Counters were mixed on Tuesday, with gainers beating losers.
Mining and oil climbed 0.88% or 77.72 points to 8,829.93; property rose 0.42% or 16.92 points to 4,011.69; financials advanced 0.36% or 6.55 points to 1,803.61; and services added 0.1% or less than a point to end at 1,544.89.
Meanwhile, industrials fell 0.67% or 78.88 points to 11,653.79, while holding firms slid 0.43% or 34.88 points to 7,976.59.
Advancers trumped losers, 102 to 86, while 63 names were unchanged.
Turnover yesterday stood at P6.52 billion as 3.10 billion shares switched hands, little changed from the prior session’s P6.80 billion worth of shares.
Net foreign buying dropped to P258.98 million yesterday from Monday’s net purchases worth P985.89 million.
On the other hand, most Southeast Asian stock markets recovered on Tuesday with Singapore leading the gains, as China hinted at supportive monetary policies to strengthen its economy.
China will strengthen monitoring of its economic situation and improve its “reserve” of economic policies, the National Development and Reform Commission said in a statement.
The stimulus from the region’s largest trading partner spurred a positive movement in most of the markets, after they fell on Monday following an unexpected fall in China’s December exports and imports.
Singapore’s benchmark index led gains in the region to rise to an over three-month high.— J.C. Lim with Reuters
Source: https://www.bworldonline.com/main-index-declines-anew-on-brexit-china-data/
=====================================================
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)
===================================================
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.