Top Ten Smart Money Moves – January 24, 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 7.548 Billion – Low
Advances Declines – (Ideal is 2:1) 120 Advances vs. 87 Declines = 1.38:1 Neutral
Total Foreign Buying PhP 4.106 Billion
Total Foreign Selling – (PhP 3.316) Billion
Net Foreign Buying (Selling) – PhP 0.790 Billion – 6th 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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Main index returns to 8,000 on positive sentiment
January 24, 2019 | 9:00 pm
By Arra B. Francia, Reporter
THE MAIN INDEX returned to the 8,000 level on Thursday as investors shrugged off the lower-than-expected gross domestic product (GDP) data for 2018.
The benchmark Philippine Stock Exchange index (PSEi) gained 0.94% or 75.25 points to close at 8,064.90 yesterday. The broader all-shares index likewise climbed 0.98% or 47.22 points to 4,861.23.
“Philippine investors brushed off the slightly lower- than-expected 4Q GDP result and rode the positive sentiment of regional markets to finish in the green,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
The Philippine Statistics Authority (PSA) reported that the Philippine economy grew by 6.2% in 2018, lower than 2017’s GDP growth of 6.7%. The full-year figure is also well below the government’s already downgraded goal of 6.5-6.9%. GDP growth in the fourth quarter alone stood at 6.1%, lower than the market consensus of 6.3%.
“PSEi managed to close in the green today despite the lower-than-expected fourth quarter 2018 GDP of only 6.1% versus consensus of 6.3%,” Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said in an e-mail on Thursday.
The PSA attributed the slower growth to the agriculture and manufacturing sectors. Meanwhile, the government’s economic managers remain optimistic that the country will be able to reach its 7-8% GDP growth target for 2019.
The PSEi mirrored the positivity seen in markets abroad. In Wall Street, the Dow Jones Industrial Average edged 0.7% higher or 171.14 points to 24,575.62. The S&P 500 index added 0.22% or 5.80 points to 2,638.70, while the Nasdaq Composite index went up 0.08% or 5.41 points to 7,025.77.
All sectoral indices ended in positive territory, except for the mining and oil counter, which plunged 3.41% or 297.03 points to 8,401.30.
Financials rose 1.36% or 24.61 points to 1,830.04; services jumped 1.35% or 20.93 points to 1,567.34; industrials firmed up 1.21% or 140.73 points to 11,759.16; holding firms advanced 0.74% or 59.41 points to 7,991.63; while property added 0.23% or 9.23 points to 3,994.51.
Some 1.57 billion issues valued at P7.55 billion switched hands, higher than Wednesday’s P6.66 billion.
Advancers far outpaced decliners, 120 to 87, while 43 names were unchanged.
Foreign investors were on buying mode for the sixth straight session, posting net purchases of P789.79 million versus the previous session’s P219.66 million.
“With foreign inflows still persisting despite the lower-than- expected inflation figure, next resistance to look out for now still remains to be the 8,100 level. Also watch out for how US markets perform overnight,” Papa Securities’ Mr. Perez said on Thursday.
Source: https://www.bworldonline.com/main-index-returns-to-8000-on-positive-sentiment/
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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.