Top Ten Smart Money Moves – January 22, 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 6.467 Billion – Low
Advances Declines – (Ideal is 2:1) 115 Declines vs. 104 Advances = 1.11:1 Neutral
Total Foreign Buying PhP 4.150 Billion
Total Foreign Selling – (PhP 3.241) Billion
Net Foreign Buying (Selling) – PhP 0.909 Billion – 4th 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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PSE index ekes out small gain amid lack of leads
January 22, 2019 | 9:00 pm
By Arra B. Francia, Reporter
THE MAIN INDEX eked out gains on Tuesday following minimal movement due to a lack of leads.
The benchmark Philippine Stock Exchange index (PSEi) inched up by 0.01% or 1.21 points to close at 8,008.67 after trading in the negative for most of the day. The broader all-shares index, meanwhile, gained 0.22% or 10.97 points to 4,809.97.
“Our index managed to recover from the intraday loss and ended positive today as investors wait for the release of our GDP (gross domestic product) rate on Thursday. Estimates range from 5.9%-6.8%,” Timson Securities, Inc. trader Jervin S. de Celis said in a mobile message on Tuesday.
Mr. De Celis added that the PSEi could trade higher should the GDP figure reach the upper range of the consensus, but could be at risk of falling below 8,000 should it be lower than the range.
“It was another quiet session for the Philippine market as the US was on holiday and China macro data came in without much fanfare,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a separate message.
Financial markets in the United States were closed on Monday in celebration of Martin Luther King, Jr. Day. Futures, however, are pointing to a decline as investors are seeing gloomy comments from the ongoing World Economic Forum in Davos.
The International Monetary Fund trimmed its global growth outlook by 0.2% to 3.5% in 2019, and by 0.1% to 3.5% in 2020.
The organization noted that global expansion is weakening at a rate that is “somewhat faster than expected.”
With this, the Dow Jones Industrial Average futures shed 0.6% or 150 points to 24,538. The S&P 500 futures went down 0.6% or 15.10 points to 2,656.50, while the Nasdaq futures also fell 0.7% or 48.50 points to 6,743.
Four sectoral indices moved to positive territory, led by services which jumped 1.21% or 18.66 points to 1,550.71. Financials rose 0.53% or 9.66 points to 1,809.24; industrials climbed 0.28% or 32.82 points to 11,660.18; while mining and oil added 0.21% or 19.09 points to 8,776.46.
On the other hand, property plunged 1.16% or 47.16 points to 4,001.22 while holding firms dipped 0.07% or 5.73 points to 7,956.35.
Value turnover climbed to P6.47 billion after some 1.80 billion issues switched hands, higher than the previous session’s P5.67 billion.
Decliners outpaced advancers, 115 to 104, while 34 names ended flat.
Net foreign inflows ballooned to P908.64 million from Monday’s net buying figure of only P52.93 million.
“Foreigners remain net buyers today despite the economic slowdown news in China but I think the stimulus as well as the lower inflation outlook for this year are keeping the strong appetite of foreign investors in our market,” Timson Securities’ Mr. De Celis said on Tuesday.
Source: https://www.bworldonline.com/pse-index-ekes-out-small-gain-amid-lack-of-leads/
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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.