Top Ten Smart Money Moves – August 20, 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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As promised in my last post, Back from the Hack, we are resuming all our activities both in our website and Facebook starting August 1, 2019.
This section of our website has been running for the past five years. Perhaps you are asking, why Top Ten Smart Money Moves? This is what I have written in my new book: “Swing Trading with TRT – A Definitive Guide for Swing Trading the Philippine Stock Market.”
“SMART MONEY
The PSE achieved a milestone by the end of the year 2018 when they reported that the number of stock market accounts broke past the one million mark as a result of the substantial increase in online accounts.
Retail investors owned most of the stock market accounts, representing 97.5% of the total accounts while the remaining 2.5% is held by the institutional investors also considered as smart money.
While we, the retail traders, are big in number, we are small in terms of influence in the stock market because more than 50% of the Total Traded Value Daily is accounted for the institutional investors whose transactions are focused mostly on a handful of their selected stocks.
In our Website, we have a regular feature “Top Ten Smart Money Moves” where we monitor the Top Ten stocks being bought and sold by the smart money.
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Trading Notes for Today – (Based on August 20, 2019 Data)
Total Traded Value – PhP 5.424 Billion – Low
Advances Declines – (Ideal is 2:1) 117 Declines vs. 77 Advances = 1.52:1 Neutral
Total Foreign Buying PhP 2.515 Billion
Total Foreign Selling – (PhP 2.867) Billion
Net Foreign Buying (Selling) – (PhP 0.352) Billion – 2nd 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 may decline on recession, US-China fears
August 22, 2019 | 12:01 am
LOCAL SHARES may edge lower in the remainder of the week due to lingering recession fears and concerns over the United States-China trade war.
The benchmark Philippine Stock Exchange index (PSEi) dropped 0.64% or 51.44 points to close at 7,886.91.
So far, the main index is up 1.17% for the week compared to its 7,795.98 close last Friday. Foreign investors logged net sales of P534.4 million in the past two days.
“Overall, the market is still clouded with uncertainty. Most of our narratives today are in favor of the negative from the US-China trade war, to consequently, the recession fears on major economies abroad,” Philstocks Financial, Inc. Research Associate Japhet Louis Tantiangco said in a text message.
“Given such, we see a downward bias for the local market for the rest of the week.”
Trade negotiations between US and China remain stalled. On Tuesday, US Commerce Secretary Wilbur Ross announced Washington’s decision to grant Chinese tech giant Huawei Technologies Co., Ltd. a 90-day trade extension. The temporary reprieve gives US firms more time to pivot away from Huawei products.
This came amid US President Donald J. Trump’s statement that he does not want to do business with the company, claiming it is a national security threat.
Meanwhile, Mr. Trump said on Tuesday his administration was considering potential tax cuts on wages as well as profits from asset sales, and sought to play down market anxieties that the world’s top economy could be heading for a recession.
Recession fears were stoked last week when bond investors briefly demanded a higher interest rate on 2-year Treasury bonds than for 10-year Treasury bonds, a potential signal of lost faith in near-term economic growth.
Mr. Trump dismissed fears of a slowdown, extolling low unemployment and a rising stock market over his tenure.
Meanwhile, Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said the market may take cues from US markets.
“With the holiday and a lack of clear catalysts for the rest of the week, movement for Thursday and Friday should be influenced by US markets,” Mr. Perez said in an e-mail.
Wall Street indices were down on Tuesday as investors placed their funds on less risky assets on fears of the US recession and how the US Federal Reserve plans to go about monetary policy.
The Dow Jones Industrial Average shed 0.66% or 173.35 points to 25,962.44. The S&P 500 index slumped 0.79% or 23.14 points to 2,900.51, while the Nasdaq Composite retreated 0.68% or 54.25 points to 7,948.56.
Fed Chairman Jerome Powell is scheduled to speak at the central bank’s annual conference in Jackson Hole, Wyoming this Friday. Ahead of his speech, Federal Reserve Bank of San Francisco President Mary Daly said she sees “solid domestic momentum that points to a continued economic expansion.” — Arra B. Francia with Reuters
Source: https://www.bworldonline.com/shares-may-decline-on-recession-us-china-fears/
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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.