Top Ten Smart Money Moves – January 2, 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 3.356 Billion – Low
Advances Declines – (Ideal is 2:1) 96 Advances vs. 85 Declines = 1.13:1 Neutral
Total Foreign Buying PhP 1.671 Billion
Total Foreign Selling – (PhP 1.675) Billion
Net Foreign Buying (Selling) –(PhP 0.004) Billion – 10th 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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Shares end higher in thin trade on inflation bets
January 2, 2019 | 9:00 pm
SHARES FIRMED up on the first trading day of the year amid thin volume, as investors looked ahead to the release of likely slower inflation data for December.
The 30-member Philippine Stock Exchange Index (PSEi) gained 0.31% or 23.18 points to end at 7,489.20 on Wednesday. The broader all-shares index also went up 0.06% or 2.82 points to 4,520.67.
“It was sort of a good start for the year since we ended up. If you look at the turnover value, we were only at P3.2 billion, but still we ended on the positive side,” A&A Securities, Inc. trader Jeng T. Calma said in Filipino during a phone interview.
“Hopefully the index can sustain this trend in the coming days. It was able to touch the 7,500 mark earlier [on Wednesday], so hopefully we can achieve that level given that inflation is seen to have slowed down in December.”
The PSEi hit a high of 7,540.26 intraday, but failed to sustain this until closing bell.
Philstocks Financial, Inc. Research Associate Japhet Louis O. Tantiangco also attributed the PSEi’s rally to expectations of a slower headline inflation print for December, adding that the thin trading was due to investor caution over global events.
“Value traded was lethargic at just P3.356 billion as many chose to stay on the sidelines, in lieu of global concerns, particularly the fears of a global economic slowdown to subside first,” Mr. Tantiangco said via text.
A BusinessWorld poll of seven analysts yielded a median inflation estimate of 5.7% for December. This falls within the Bangko Sentral ng Pilipinas’ estimate range of 5.2-6% announced last week. If realized, this would be the slower than November’s six percent record.
Sectoral indices were equally split between gainers and losers. Property led advancers, jumping 2.37% or 86.08 points to 3,714.06, followed by mining and oil which climbed 1.78% or 145.93 points to 8,346.43. Services also went up 0.53% or 7.75 points to 1,450.46.
Meanwhile, financials fell 0.65% or 11.60 points to 1,768.25; holding firms dropped 0.32% or 23.92 points to 7,317.89; while industrials slipped 0.08% or 9.40 points to end at 10,941.96.
Some 717.58 million issues switched hands, resulting in a value turnover of P3.36 billion, lower than the previous session’s P5.67 billion.
Net foreign outflows also slimmed to P4.58 million yesterday from the P198 million posted on Dec. 28.
Advancers outpaced decliners, 96 to 85, while 44 names remained unchanged.
Meanwhile, markets in the United States rallied on the last trading day of 2018, with the Dow Jones Industrial Average rising 1.15% or 265.06 points to 23,327.46. The S&P 500 index climbed 0.85% or 21.11 points to 2,506.85, while the Nasdaq Composite index also picked up 0.77% or 50.76 points to 6,635.28.
Despite the uptick last Dec. 28, all three US indices went down on an annual basis at 5.63%, 6.24%, and 3.88%, respectively. — Arra B. Francia
Source: https://www.bworldonline.com/shares-end-higher-in-thin-trade-on-inflation-bets/
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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.