Top Ten Smart Money Moves – November 26, 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 26, 2019 Data)
Total Traded Value – PhP 21.156 Billion – High
Advances Declines – (Ideal is 2:1) 72 Advances vs. 99 Declines = 1.38:1 Neutral
Total Foreign Buying PhP 14.404 Billion
Total Foreign Selling – (PhP 19.203) Billion
Net Foreign Buying (Selling) – (PhP 4.799) Billion – 6th 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 slips on MSCI rebalancing, US-China talks
By Denise A. Valdez, Reporter
THE MAIN INDEX continued to slip on Tuesday as foreign investors reacted to the latest Morgan Stanley Capital International (MSCI) rebalancing and developments in the Sino-US trade war.
The 30-member Philippine Stock Exchange index (PSEi) lost 63.82 points or 0.82% to close at 7,707.80 on Tuesday, while the broader all shares index shed 27.18 points or 0.58% to 4,626.36.
“[T]he main index ended lower on last-minute selling on heavy trading volumes as today marks the last day of the MSCI rebalancing,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail on Tuesday.
The MSCI Emerging Markets Index is a measure used to indicate the equity market performance of a developing economy. For the Philippines, the MSCI rebalancing took effect at the close of trading on Tuesday.
“The massive volumes today came in right before the close as foreign investors repositioned themselves in accord to the MSCI Philippine index. Investors may begin to pick up heavily battered companies as foreign selling may be coming to an end,” Mr. Mangun added.
Regina Capital Development Corp. Head of Sales Luis A. Limlingan also identified the same reason for the local market’s movement on Tuesday, saying in a mobile message: “Philippine shares traded flat after the latest MSCI rebalancing and amid increasing expectations that China and the US will reach a so-called phase one trade deal.”
Several foreign news outlets reported Tuesday that China and the US discussed over phone their core concerns on the trade deal, where a consensus was reached on what they will do next.
Wall Street ended on a positive note on Monday: the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite indices all scaled up 0.68%, 0.75% and 1.32%, respectively. Mr. Mangun attributed this to China’s announcement of plans to impose higher penalties in protecting intellectual property rights.
Back home, two sectoral indices climbed at Tuesday’s close: mining and oil by 210.59 points or 2.56% to 8,437.26 and services by 6.61 points or 0.42% to 1,548.04.
Meanwhile, property lost 50.38 points or 1.26% to end at 3,946.60; financials went down 17.64 points or 0.94% to 1,843.39; holding firms gave up 62.2 points or 0.8% to 7,688.23; and industrials dropped 46.93 points or 0.48% to 9,700.73.
Value turnover jumped to P21.16 billion yesterday from Monday’s P4.68 billion, with 1.51 billion issues changing hands.
Declining stocks continued to outnumber advancing stocks, 99 against 72, while 55 names ended unchanged. Net foreign outflows ballooned to P4.80 billion on Tuesday from Monday’s P1.08 billion, also marking the sixth straight day of net selling by offshore investors.
“The PSEi’s failure to hold the 7,750 support level confirms that it wants to go lower and perhaps test the major support level at 7,500,” AAA Southeast Equities’ Mr. Mangun said.
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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.