Top Ten Smart Money Moves – October 7, 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 7, 2019 Data)
Total Traded Value – PhP 5.840 Billion – Low
Advances Declines – (Ideal is 2:1) 86 Advances vs. 97 Declines = 1.13:1 Neutral
Total Foreign Buying PhP 3.056 Billion
Total Foreign Selling – (PhP 2.925) Billion
Net Foreign Buying (Selling) – PhP 0.131 Billion – first day of Net Foreign Buying after 8 days 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:
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PSEi declines on fears of US growth slowdown
October 7, 2019 | 9:00 pm
By Denise A. Valdez, Reporter
THE MAIN INDEX slumped on Monday as investors were cautious amid fears of a slowdown in the world’s largest economy, which boosted bets of another rate cut by the US Federal Reserve.
The bellwether Philippine Stock Exchange index (PSEi) slid 0.27% or 21.38 points to close at 7,683.22 on Monday, as the broader all-shares index also went down 0.2% or 9.43 points to 4,666.17.
“Philippine shares began the week on a slightly negative note, with fears of a recession lingering and enough evidence of a slowing economy to maintain market expectations for another Federal Reserve interest rate cut in late October,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message.
The sentiment on another rate cut comes even as Federal Reserve Bank of Kansas City President Esther L. George said there is no need for another lowering of interest rates, insisting the US economy is “in a good place” in a speech on Sunday.
For Papa Securities Corp. Sales Associate Gabriel Jose F. Perez, the decline in the PSEi also reflects the investors’ focus on the listing of Axelum Resources Corp. (AXLM).
The initial public offering of the coconut products manufacturer was initially expected to drive excitement among retail investors, but its shares went down 6.2% or 31 centavos at the market’s close on its debut.
“It was a quiet day for the PSEi as all eyes were on Axelum’s extremely poor debut, as the stock had fallen by as much as 16% at its intraday low of P4.19, before only being bought up at the close to end at P4.69,” Mr. Perez said in an e-mail.
“AXLM shares fell more than 6% as investors preferred to remain in cash in the meantime. Though the prospects remain sound for the company, investors have been selling the market in general, and the company may have been the result of collateral damage,” Regina Capital’s Mr. Limlingan said.
Three sectoral indices ended in the red on Monday, led by financials which slipped 0.86% or 15.59 points to 1,790. It was followed by holding firms which fell 0.62% or 47.33 points to 7,504.25, and industrials which decreased 0.15% or 16.37 points to 10,460.89.
Gainers were the mining and oil sub-sector which rose 1.58% or 140.15 points to 8,983.22, property which increased 0.59% or 23.65 points to 4,034.55 and services which rose 0.38% or 5.74 points to 1,516.38.
Value turnover was at P5.84 billion with 712.03 million issues changing hands, slightly higher than Friday’s P5.08 billion
Decliners outpaced advancers, 97 to 86, while 57 names were unchanged.
Papa Securities’ Mr. Perez said for the coming days, investors are expected to continue reacting to the movement of the US market, especially with the country’s trade talks with China scheduled to resume on Thursday.
Source: https://www.bworldonline.com/psei-declines-on-fears-of-us-growth-slowdown/
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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.