Top Ten Smart Money Moves – August 29, 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 29, 2019 Data)
Total Traded Value – PhP 8.436 Billion – Medium
Advances Declines – (Ideal is 2:1) 109 Advances vs. 87 Declines = 1.25:1 Neutral
Total Foreign Buying PhP 5.062 Billion
Total Foreign Selling – (PhP 5.482) Billion
Net Foreign Buying (Selling) – (PhP 0.420) Billion – 7th 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 climb on window dressing as month ends
August 29, 2019 | 9:00 pm
By Arra B. Francia, Senior Reporter
LOCAL SHARES rose on Thursday on window dressing ahead of the last trading day of August.
The bellwether Philippine Stock Exchange index (PSEi) climbed 0.57% or 45.31 points to close at 7,892.81 yesterday, while the broader all-shares index likewise added 0.35% or 16.96 points to finish Thursday’s session at 4,765.77.
“Investors bought ahead of the window dressing period as tomorrow marked the last trading day for August,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile phone message.
“In addition, outside the region stocks gained as the energy sector got a boost from higher oil prices but the optimism was kept in check as a key part of the US yield curve kept inverting further, exacerbating fears of a recession.”
Yield curve inversions historically precede a recession by two to three years, as the public becomes more wary of how short-term investments perform, thereby favoring long-term bonds.
International markets rallied overnight, with the Dow Jones Industrial Average up 1% or 258.20 points to 26,036.10. The S&P 500 index went up 0.65% or 18.78 points to 2,887.94, while the Nasdaq Composite index added 0.38% or 29.94 points to 7,856.88.
The PSEi also defied the muted performance of Asian markets due to lingering trade concerns. The US is scheduled to impose additional tariffs on $300 billion worth of Chinese imports this Sunday, Sept. 1, in response to China’s tariff increase on $75 billion worth of US goods.
Meanwhile, Papa Securities Corp. Sales Associate Gabriel Jose F. Perez noted that the PSEi moved flat on a lack of immediate catalysts.
“Catalysts would then be any potential major US market movements, as well as possible developments from President [Rodrigo R.] Duterte’s visit to China — especially regarding POGOs (Philippine Offshore Gaming Operators),” Mr. Perez said in an e-mail.
Five sectoral indices moved to positive territory, led by industrials which jumped 1.12% or 123.07 points to 11,066.87. Mining and oil went up 1.06% or 87.37 points to 8,266.53; holding firms advanced 0.84% or 65.34 points to 7,842.85; financials gained 0.53% or 9.57 points to 1,809.89; while services firmed up 0.14% or 2.27 points to 1,575.43.
Property was the lone loser for the day as it dropped 0.14% or 5.89 points to close the session at 3,990.86.
Some 6.58 billion issues valued at P8.44 billion switched hands, slightly higher than Wednesday’s P8.36 billion.
Foreign investors were net sellers for the seventh consecutive day at P419.63 million, against the previous session’s P557.83 million.
Advancers outpaced decliners, 109 to 87, while 47 names remained flat.
Source: https://www.bworldonline.com/shares-climb-on-window-dressing-as-month-ends/
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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.