Top Ten Smart Money Moves – October 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.
================================
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.
========================================================
Top Ten Smart Money Moves – October 29, 2019
Trading Notes for Today – (Based on October 29, 2019 Data)
Total Traded Value – PhP 6.629 Billion – Low
Advances Declines – (Ideal is 2:1) 97 Advances vs. 81 Declines = 1.20:1 Neutral
Total Foreign Buying PhP 2.921 Billion
Total Foreign Selling – (PhP 2.488) Billion
Net Foreign Buying (Selling) – PhP 0.433 Billion – 2nd day of Net Foreign Buying after a day of Net Foreign Selling
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:
==================================================
PSEi inches closer to 8,000 on positive sentiment
October 29, 2019 | 9:00 pm
By Denise A. Valdez, Reporter
THE PHILIPPINE Stock Exchange index (PSEi) inched closer to breaching the 8,000 mark yesterday as investors reacted to earnings reports and positive developments in the US-China trade war.
The main index grew 44.66 points or 0.56% to close at 7,991.19 on Tuesday, as the broader all shares index added 12.92 points or 0.27% to 4,787.17.
Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a text message that the PSEi’s gains can be attributed to the “optimism on third quarter earnings and hopes on the US-China negotiations.”
Several foreign news outlets reported on Monday that US President Donald Trump is looking to sign “a very big portion” of the trade deal with China ahead of schedule. Reuters likewise reported that US is looking to extend its tariff suspensions on P34-billion Chinese goods from its Dec. 28 expiration.
Wall Street was positive at the close of Monday’s trading, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite gaining 0.49%, 0.56% and 1.01%, respectively.
In Asia, indices ended mix: Japan’s Nikkei 225 and Topix indices were up 0.47% and 0.86%, respectively, together with Singapore’s Straits Times by 0.13%.
Meanwhile, back home, services was the only sectoral index that declined, losing 0.20 point or 0.01% to close the session at 1,526.69.
The rest ended in the green, led by mining and oil, which rose 143.91 points or 1.57% to 9,285.91. Property climbed 39.96 points or 0.96% to 4,188.79; holding firms went up 48.50 points or 0.62% to 7,823.89; industrials gained 40.43 points or 0.38% to 10,487.73; and financials added 5.41 points or 0.28% to 1,912.31.
Mr. Tantiango said another contributor in the PSEi’s rise on Tuesday was the increasing value turnover, which climbed to P6.63 billion from Monday’s P5.88 billion.
“This week so far, our average daily value turnover is at P6.25 billion which is higher compared to last week’s average of P5.25 billion. This shows improving participation from investors,” he said.
He added that the bullishness of offshore investors helped pick up the main index as net foreign buying closed at P432.68 million, higher than Monday’s net purchases worth P142.55 million.
More shares improved than declined yesterday, 97 against 81, while 56 ended flat.
AAA Southeast Equities, Inc. Research Head Christopher John Mangun said the main index may go above the 8,000 level on Wednesday on improved activity.
“We may see (the PSEi) blow through that (8,000) level tomorrow; however, we are not out of the woods yet. Selling pressure always intensified as it traded above 8,000. We are expecting to see this trend continue,” he said in an e-mail on Tuesday.
Source: https://www.bworldonline.com/psei-inches-closer-to-8000-on-positive-sentiment/
=====================================================
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)
===================================================
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.