Top Ten Smart Money Moves – October 24, 2019

Smart Money Moves_Final

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 24, 2019 Data)

Total Traded Value – PhP 5.194   Billion – Low
Advances Declines – (Ideal is 2:1) 80 Advances vs. 104  Declines = 1.30:1 Neutral
Total Foreign Buying  PhP 3.278  Billion
Total Foreign Selling – (PhP 2.783)  Billion
Net Foreign Buying (Selling) – PhP 0.495 Billion – 3rd day of Net Foreign Buying after 2 days of Net Foreign Selling

Data from the Philippine Stock Exchange

PSE_20191024

Screenshot courtesy of PSE.com.ph

PSE HEAT MAP

PSE HEAT MAP_20191024

Screenshot courtesy of PSEGET

Top Ten Foreign Buying and Selling

FBS_20191024

Top Ten in Total Traded Value

TTV_20191024

Top Ten Gainers and Losers

TTGL_20191024

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 rebound on bargain hunting, Q3 earnings

October 24, 2019 | 9:00 pm

LOCAL SHARES bounced back on Thursday because of a rally in the afternoon session, as bargain hunters lifted the main index before closing.
The bellwether Philippine Stock Exchange index (PSEi) added 17.22 points or 0.21% to close at 7,950.98 yesterday, while the broader all-shares index ended flat, recording an uptick of 1.96 points or 0.04% to 4,780.16.

“The sideways trading today ended on a positive note as bargain hunters, backed by optimistic third quarter earnings anticipation, swooped in to lift the local market,” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a text message on Thursday.
He added that foreign funds helped drive traction in the local bourse as well, as overseas investors recorded a net buying of P494.99 million.
For AAA Southeast Equities, Inc. Research Head Christopher John Mangun, another contributor in yesterday’s trading were the mixed results in global markets.

“Global equities markets had mixed results again today with some gaining and some losing but basically flat as investors await corporate earnings reports… Here at the PSE, the main index ended slightly higher after being down in early trading on below average trading volumes again today,” he said in an e-mail on Thursday.

US stocks edged higher on Wednesday as investors shrugged off lackluster quarterly reports from industrial bellwethers Boeing Co. and Caterpillar, Inc., though a lower-than-expected revenue outlook from Texas Instruments, Inc. sent chipmakers’ shares lower.

The Dow Jones Industrial Average rose 45.85 points or 0.17% to 26,833.95; the S&P 500 gained 8.53 points or 0.28% to 3,004.52; and the Nasdaq Composite added 15.50 points or 0.19% to 8,119.79.

Meanwhile, Indonesian stocks hit a six-week high on Thursday ahead of the central bank’s key rate decision, while Singapore shares rose on hopes of a revival in economic growth in the city-state.

Back home, four of six sectoral indices ended in the green. Mining and oil went up 53.18 points or 0.58% to 9,128.08; financials rose 10.30 points or 0.55% to 1,869.84; holding firms added 34 points or 0.43% to 7,784.76; and property climbed 11.35 points or 0.27% to 4,192.23.
Meanwhile, industrials dropped 98.33 points or 0.92% to 10,536.37 and services went down 0.02 point to 1,530.99.

Decliners outnumbered advancers, 104 to 80, while 51 names closed unchanged.

Value turnover jumped to P5.19 billion from P4.67 billion on Wednesday, with 660.11 million issues changing hands.

“The market has been operating with value turnover below average for the past 10 trading days. This shows the cautious stance of investors with many shying away from the market while waiting for a catalyst primarily the 3rd quarter company reports,” Philstock Financial’s Mr. Tantiangco said.
Net foreign buying dropped to P4

Source: https://www.bworldonline.com/stocks-rebound-on-bargain-hunting-q3-earnings/

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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

 

TRT-Book2-Swing Trading with TRT-Cover-Final

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.

Book Cover

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.


Central Book Supply (2)

Book may also be obtained thru the branches of our publisher, Central Book Supply as follows:
• Quezon City (Main Branch): 927 Quezon Ave., Quezon City
(TEL. 372-35-50)
• SM MEGAMALL: 5th Level Bldg. A, SM Megamall, Ortigas Center, Mandaluyong City
(TEL. 638-10-88)
• C.M. RECTO AVENUE: Ever Gotesco, Manila Plaza Mall
• LYCEUM MAKATI: 109 SDC Building Leviste St., Brgy. Bel Air Makati, Manila
(TEL: (632) 887-52-45

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)


The Respponsible _Website

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)


The Respponsible Trader_YouTube

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)


The Respponsible Trader_Slideshare

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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.

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