Top Ten Smart Money Moves – October 1, 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 October 1, 2019 Data)
Total Traded Value – PhP 5.446 Billion – Low
Advances Declines – (Ideal is 2:1) 135 Declines vs. 52 Advances = 2.60:1 Bearish
Total Foreign Buying PhP 2.631 Billion
Total Foreign Selling – (PhP 3.224) Billion
Net Foreign Buying (Selling) – (PhP 0.593) 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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PSE index extends decline on negative sentiment
THE MAIN INDEX retreated on Tuesday as investor sentiment remained dim amid fears of a global economic slowdown.
The bellwether Philippine Stock Exchange index (PSEi) slumped 0.5% or 39.21 points to close at 7,739.86 yesterday, marking its third straight session of decline. The broader all shares index likewise dropped 0.54% or 25.83 points to 4,687.04.
“Investors are just not getting into the market. All the gloom and doom on world markets and economies have really dulled the general investor sentiment on equities,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail.
Mr. Mangun noted that the main index ended lower than its support level of 7,750, which indicates that the market could go even lower to the 7,600 level.
“We may see a minor bounce in the coming days, but the direction is still very clear. This market is going lower,” he said.
Regina Capital Development Corp. Head of Sales Luis A. Limlingan noted that investors failed to find relief even as US President Donald J. Trump downplayed reports that Washington wants to limit US investments in Chinese firms.
“Shares started the last quarter of the month on a negative note, even after Trump administration officials played down or disputed reports Washington was weighing plans to impede US investments in Chinese companies. Despite this, it did little to soothe fears that had put equities under pressure recently,” Mr. Limlingan said in a mobile phone message.
The PSEi failed to mirror the positive close at Wall Street overnight, although analysts noted that US markets still ended the quarter on a quiet note. The Dow Jones Industrial Average rose 0.36% or 96.58 points to 26,916.83. The S&P 500 index went up 0.50% or 14.95 points to 2,976.74, while the Nasdaq Composite rallied 0.75% or 59.71 points to 7,999.34.
Asian markets also closed mostly with gains, with Japan’s Nikkei 225 and Topix indices up 0.59% and 0.96%, respectively. Chinese stock markets were closed in celebration of National Day, or the establishment of the People’s Republic of China.
Back home, the holding firms counter was the lone sub-index that ended with gains, rising 0.47% or 35.96 points to 7,631.29.
The rest finished in negative territory, led by mining and oil which plunged 3.17% or 286.02 points to 8,724.67. Industrials shed 1.25% or 132.31 points to 10,432.82; property fell 1.21% or 49.61 points to 4,051.66; financials lost 0.68% or 12.33 points to 1,792.44; while services decreased 0.56% or 8.6 points to 1,517.90.
Some 652.79 million issues switched hands at P5.45 billion, lower than Monday’s P12.93 billion, which excludes block sales from Travellers International Hotel Group, Inc. Decliners swamped advancers, 135 to 52, while 50 names were unchanged.
Foreign investors continued their selling spree as they logged net outflows worth P592.65 million on Tuesday, albeit lower than the previous session’s P2.17 billion. — Arra B. Francia
Source: https://www.bworldonline.com/pse-index-extends-decline-on-negative-sentiment/
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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. 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.