Top Ten Smart Money Moves – August 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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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 22, 2019 Data)
Total Traded Value – PhP 9.919 Billion – Medium
Advances Declines – (Ideal is 2:1) 129 Declines vs. 75 Advances = 1.72:1 Neutral
Total Foreign Buying PhP 5.928 Billion
Total Foreign Selling – (PhP 6.363) Billion
Net Foreign Buying (Selling) – (PhP 0.435) Billion – 3rd 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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PSEi drops as China proposes online gambling ban
August 22, 2019 | 9:00 pm
By Arra B. Francia, Senior Reporter
SHARES continued to fall on Thursday as property stocks tumbled following China’s statement against all forms of online gambling in the country.
The bellwether Philippine Stock Exchange index (PSEi) dropped 0.48% or 38.08 points to 7,848.83. The broader all-shares index likewise shed 0.54% or 25.93 points to 4,757.15.
“The main index ended lower today due to the massive losses in the property sector which dragged the whole market lower,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail on Thursday.
China’s Foreign Ministry Spokesman Geng Shuang said in a speech that he hopes “the Philippines will go further and ban all online gambling.” This comes after an earlier statement against online gambling operations in the country because of the hundreds of million of yuan supposedly illegally flowing out of its economy.
Online gambling firms, locally known as Philippine Offshore Gaming Operators (POGOs), have been on the rise in Metro Manila since President Rodrigo R. Duterte’s warmer relations with China. POGOs have been a major driver for the country’s office sector in 2018, said to have offset the slowdown of outsourcing companies’ expansion last year.
The property counter was the biggest loser out of six sectoral indices yesterday, plunging 1.78% or 73.28 points to 4,034.69.
Megaworld Corp., Robinsons Land Corp., SM Prime Holdings, Inc., and Ayala Land, Inc. were part of the 20 most actively traded stocks of the day, losing 8.51%, 2.63%, 1.96%, and 0.71%, respectively.
Holding firms also went down 0.89% or 69.28 points to 7,713.65 while services slipped 0.03% or 0.51 point to 1,579.12.
Those in positive territory were led by the mining and oil counter, which rose 0.92% or 75.81 points to 8,270.93. Financials went up 0.63% or 11.41 points to 1,813.80, while industrials added 0.49% or 54.53 points to 10,974.80.
Some 2.10 billion issues valued at P9.92 billion switched hands, higher than Tuesday’s P5.42 billion.
Decliners outweighed advancers, 129 to 75, while 44 names were unchanged.
Net foreign outflows rose to P435.01 million from the previous session’s P351.72 million.
Overseas, Regina Capital Development Corp. Head of Sales Luis A. Limlingan noted how investors looked at the minutes from the Federal Open Market Committee’s (FOMC) latest meeting.
“There were also mixed views from the FOMC minutes, and some concerns when Powell speaks later at Jackson Hole. Fed minutes showed FOMC officials argued over whether to lower rates and by how much at last month’s meeting,” Mr. Limlingan said in a mobile phone message.
Source: https://www.bworldonline.com/psei-drops-as-china-proposes-online-gambling-ban/
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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.