Top Ten Smart Money Moves – November 15, 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 November 15, 2019 Data)
Total Traded Value – PhP 6.847 Billion – Low
Advances Declines – (Ideal is 2:1) 61 Advances vs. 109 Declines = 1.79:1 Neutral
Total Foreign Buying PhP 3.635 Billion
Total Foreign Selling – (PhP 4.040) Billion
Net Foreign Buying (Selling) – (PhP 0.405) Billion – 8th day of Net Foreign Selling after 6 days 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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Gains in Sino-US trade talks seen to provide lift
November 18, 2019 | 12:01 am
By Denise A. Valdez
Reporter
LOCAL SHARES may trade higher early this week as investors can be expected to cheer signs of progress in Sino-US trade talks last Friday.
The Philippine Stock Exchange index (PSEi) ended flat at 7,932.96 on Friday, a 0.75-point decline from a day earlier. The broader all-shares index gave up 5.92 points or 0.12% to 4,751.81.
On a weekly basis, the PSEi fell 1.65% from 8,065.76 on Nov. 8 due to thin trading volumes, putting an end to the five consecutive weekly increases. A slowdown in foreign inflows likewise dragged the market.
Value of trades stood at P25.77 billion last week, lower than the P33.96 billion recorded a week ago. Foreign investors recorded net selling of P2.43 billion for the week, against P722 million earlier.
In a market note, AAA Southeast Equities, Inc. Research Head Christopher John Mangun said the main index may bounce this week back to the 8,000 level. “With all the losses we saw last week, the PSEi was able to end slightly above the 7,920 support level which gives us some optimism… However, if we see a situation like last week, (where there were) low trading volumes and massive foreign outflows, the main index will continue lower and test the next support at 7,800,” he said.
Diversified Securities, Inc. Equity Trader Aniceto K. Pangan said the PSEi may end within the 7,900-8,100 level this week. “Market may rebound this week with the positive development in the phase 1 US-China trade negotiation,” he said in a text message Sunday.
China state-run Xinhua News Agency reported Sunday that top US and China negotiators had “constructive discussions” for the first phase of a trade deal. Citing Chinese Vice-Premier Liu He who took part in the talks, the report said representatives of the two countries threshed out “core concerns” by phone on Saturday morning and agreed to maintain constant communication.
For Regina Capital Development Corp. Head of Sales Luis A. Limlingan, this week’s trading may also take cues from the October balance of payments data to be released by the Bangko Sentral ng Pilipinas on Nov. 19 and the minutes of the latest Federal Open Market Committee meeting. “In the Philippines, (overseas Filipino workers) remittances were encouraging to end the week, and we will watch out for the balance of payments. Most major earnings are out so funds may even start to position ahead of 2020 with around 6-7 weeks left,” Mr. Limlingan said in a mobile phone message.
Mr. Mangun of AAA Southeast Equities said the upgrade by Fitch Solutions of its Philippine economic growth forecast for 2019 to six percent from 5.8% may also inspire investor optimism. “2020 is going to be a big year for our market; we see a big move coming in the next few months… With consistent economic growth and supportive government policy, we see the market going higher,” he said.
Source: https://www.bworldonline.com/gains-in-sino-us-trade-talks-seen-to-provide-lift/
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In line with our VISION, A RESPONSIBLE TRADER 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. We have successfully launched “Swing Trading with TRT – a Definitive Guide for Swing Trading the Philippine Stock Market” last September 2, 2019. This book is the second in our Responsible Trader Education Series.
You can download Chapter 1 and see the Table of Contents here: https://drive.google.com/file/d/1NZEABnQMiQ_zenEMs0lPFWweX4WBxBHg/view?usp=sharing
The first book, “The Responsible Trader – a Thinking Person’s Guide for Trading the Philippine Stock Market” provided all the basic knowledge that a trader needs to know in order to trade the Philippine Stock Market effectively and efficiently. The first book is about the basics. This second book is about the specifics.
2. 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.
3. The Website: :http://www.theresponsibletrader.com where we publish our daily newsletter Top Ten Smart Money Moves, Stock Trading Lessons, and Inspirational Materials. (FREE)
4. 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)
5. 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.