Top Ten Smart Money Moves – August 27, 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 27, 2019 Data)
Total Traded Value – PhP 13.473 Billion – Medium
Advances Declines – (Ideal is 2:1) 124 Declines vs. 88 Advances = 1.41:1 Neutral
Total Foreign Buying PhP 8.855 Billion
Total Foreign Selling – (PhP 10.436) Billion
Net Foreign Buying (Selling) – (PhP 1.581) Billion – 5th 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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Stocks decline on foreign selling, US-China woes
August 27, 2019 | 9:00 pm
LOCAL SHARES dropped on Tuesday as investors were cautious as the US and China slapped new tariffs on each other’s goods in an escalation of ongoing trade tensions between the world’s largest economies.
The 30-member Philippine Stock Exchange index (PSEi) went down 142.03 points or 1.8% to close at 7,747.38. The broader all-shares index also declined 63.58 points or 1.33% to 4,706.80
“Looks like the index chose to react instead to the drastic US market drop last Friday night, instead of the small recovery we saw last night,” Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said in an e-mail on Tuesday, adding that the rebalancing of MSCI and outflows also affected Tuesday’s session.
Foreigners were net sellers for the fifth straight session on Tuesday, with net outflows reaching P1.58 billion, up from Friday’s P539.13 million.
US stocks rose more than 1% on Monday after US President Donald Trump predicted a US-China trade deal following remarks by Vice Premier Liu He, who has been leading the talks with Washington, that China was willing to resolve their dispute through “calm” negotiations.
The Dow Jones Industrial Average rose 269.93 points or 1.05% to 25,898.83; the S&P 500 gained 31.27 points or 1.10% to 2,878.38; and the Nasdaq Composite added 101.97 points or 1.32% to 7,853.74.
On Friday, the S&P 500 tumbled 2.6% after Mr. Trump announced an additional duty on some $550 billion of Chinese goods in retaliation for Beijing’s announcement of more tariffs of its own earlier that day.
Concerns about the global economy slipping into recession and uncertainty over the pace of US interest rate cuts have created some anxiety about how long the current US expansion will last.
On the other hand, AAA Southeast Equities, Inc. Research Head Christopher John Mangun said the performance of the index yesterday was affected by massive losses across-the-board.
“More than half a dozen blue chips ended with losses more than 2% today which obliterated the gains that we saw last week. However, it did end the day right around its 7,750 support level. There is the possibility that we might see a bounce tomorrow but in case we don’t, the next support level is at 7,630,” he said in an e-mailed response on Tuesday.
All counters ended in red expect for the mining and oil sub-sector, which gained 1.45% or 117.54 points to end at 8,191.54.
Leading the losers was the holding firms counter, which went down 1.95% or 152.04 points to 7,620.50. Financials followed as the sector fell 1.91% or 35.03 points to 1,792.09; property declined 1.85% or 74.39 points to 3,942.30; services gave up 1.36% or 21.75 points to close at 1,568.14; and industrials lost down 0.82% to 90.42 points to end at 10,906.58.
Some 2.59 billion issues valued at P13.47 billion switched hands on Tuesday, higher than Friday’s P8.16-billion turnover.
Losers outnumbered advancers, 124 to 88, while 39 names closed unchanged. — V.M.P. Galang with Reuters
Source: https://www.bworldonline.com/stocks-decline-on-foreign-selling-us-china-woes/
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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.