Top Ten Smart Money Moves – January 25, 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 7.875 Billion – Low
Advances Declines – (Ideal is 2:1) 101 Advances vs. 87 Declines = 1.16:1 Neutral
Total Foreign Buying PhP 5.216 Billion
Total Foreign Selling – (PhP 4.130) Billion
Net Foreign Buying (Selling) – PhP 1.086 Billion – 7th 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 to trade sideways on month-end slowdown
January 28, 2019 | 12:01 am
By Denise A. Valdez
Reporter
LOCAL STOCKS are expected to continue trading sideways this week with a slight downward bias in anticipation of tamer trading during the month-end.
Despite falling 0.14% or 11.7 points on Friday, the Philippine Stock Exchange index (PSEi) remained above the 8,000 mark by the end of last week at 8,053.20. This kept the main index up 6.08 points or 0.08% on a weekly basis.
The week-on-week uptick was driven by a 1.34% gain in services and 1.1% in industrials, outpacing the slowdown from a decrease in holding firms shares which fell 0.94%.
The week’s turnover value was at P34.21 billion, with net foreign buying at P3.06 billion.
Eagle Equities, Inc. Research Head Christopher John Mangun said the robust performance of the market over the past weeks may lead to a dull trading week ahead.
“Going into [this] week, we may continue to see it trade sideways with a slight negative bias as investors take some profits after the incredible run that we have seen in the last three weeks,” he said in a weekly market report.
Mr. Mangun noted the main index has risen 7.8% for the month — therefore, even a 1% to 2% drop in the coming week will keep the January trading record as “one of the best months that we have had for a while.”
Online brokerage 2TradeAsia.com also said this week may be the right opportunity to enter a technical pause.
“It seems timely for the market to build a new base (at least above 8,000), since its rise from 7,489 at the start of 2019,” it said in a market note.
It also flagged the Chinese New Year break, the adjournment of the local congressional session ahead of the upcoming May election, and upcoming January inflation data as reasons for local shares to trade sideways this week.
2TradeAsia.com also pointed to the United States-China trade deal as one of the factors that will influence this week’s performance.
“This year…we see (earnings per share) improving 12.3% before rising by 17.8% in 2020. Upsides may be considered, pending the outcome of US-China trade talks before end-March’s deadline. Range-trade & go for stocks with commendable upside opportunities. Immediate support is 7,960-8,000 resistance 8,100-8,150,” it said.
But Mr. Mangun of Eagle Equities kept the door open to a possibility for the PSEi to breach the 8,100 mark by the end of January if trading volumes and the flow of foreign money increases this week.
“US equities markets have also started slowing down after bottoming out a few weeks ago. If they continue at this pace, then we may see more foreign money flow into our market,” he said.
He noted the market looks promising, saying, “the PSEi chart looks extremely attractive after the golden cross that we saw on the moving averages and if we take cues from this, we may see it continue to gain traction as more and more investors gain confidence and start coming back into this market.”
Source: https://www.bworldonline.com/psei-to-trade-sideways-on-month-end-slowdown/
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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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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.