Top Ten Smart Money Moves – November 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 November 29, 2019 Data)
Total Traded Value – PhP 6.367 Billion – Low
Advances Declines – (Ideal is 2:1) 63 Advances vs. 125 Declines = 1.98:1 Neutral
Total Foreign Buying PhP 2.810 Billion
Total Foreign Selling – (PhP 3.235) Billion
Net Foreign Buying (Selling) – (PhP 0.425) Billion – 9th 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 may climb as market awaits BSP decision
December 2, 2019 | 12:01 am
PHILIPPINE SHARES may trade higher in the coming week amid the government’s release of its November inflation report and the rate cut announcement in the week that will follow.
The benchmark Philippine Stock Exchange index (PSEi) closed the previous month at 7,738.96, shedding 29.7 points or 0.38% at the end of trading on Friday.
On a weekly basis, it fell 79 points or 1.02% to 7,738, marking the third straight week that the main index has declined.
Online brokerage 2TradeAsia.com attributed last week’s poor performance to tensions between United States and China after US President Donald Trump signed a law supporting human rights protection in Hong Kong.
It also noted there was limited movement across global equities last week as most funds were “on Thanksgiving break.”
Value turnover at the local bourse from Nov. 25-29 increased 49% to P7.79 billion, as net selling from foreign investors jumped to an average of P2 billion from P646 million the week prior.
“Locals will keep in touch with November inflation next week (Dec. 5), with the BSP’s (Bangko Sentral ng Pilipinas) last policy meeting for this year (Dec. 12) in mind,” 2TradeAsia.com said in a market note e-mailed Friday.
The overall rise in prices of widely used goods likely quickened in November, the central bank said on Friday, citing higher electricity and fuel costs.
In a statement, the BSP Department of Economic Research pegged November inflation to fall between 0.9-1.7%.
The range is beyond the 0.8% print in October. However, it is slower than the 6% logged in November 2018.
2TradeAsia.com noted that BSP Governor Benjamin E. Diokno earlier signalled a possible rate cut in the Monetary Board’s last policy meeting for the year on Dec. 12, which, if it happens, may help influence firms’ capital expenditures (capex) before the year ends.
“A relatively foggy December stands between now and 2020, with macro forces resting uneasy on US & China’s next moves, plus seasonally thin volumes, as the Yule break mounts. However, bargain-hunting opportunities may present themselves during such lulls, especially in the context of local firms’ capex buildup, in tandem with on-time public spending budget for 2020,” the online brokerage said.
Regina Capital Development Corp. Head of Sales Luis A. Limlingan also said the local bourse may take cues this week from the Nikkei Purchasing Managers’ Index (PMI).
“Last few weeks have been underwhelming and index has been trying to cling to 7,800 level. The Nikkei PMI and inflation may push this,” he said in a mobile message Sunday.
He added US data such as ISM (Institute for Supply Management) manufacturing, initial jobless claims, durable goods orders, trade balance and unemployment rate may be factors that will influence market sentiment, apart from any developments on the US-China trade talks. — Denise A. Valdez
https://www.bworldonline.com/stocks-may-climb-as-market-awaits-bsp-decision/
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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.