Top Ten Smart Money Moves – September 12, 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 September 12, 2019 Data)
Total Traded Value – PhP 6.726 Billion – Low
Advances Declines – (Ideal is 2:1) 96 Declines vs. 93 Advances = 1.03:1 Neutral
Total Foreign Buying PhP 3.618 Billion
Total Foreign Selling – (PhP 3.749) Billion
Net Foreign Buying (Selling) – (PhP 0.131) Billion – first day Net Foreign Selling after two days 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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Shares drop on profit-taking amid lack of leads
September 12, 2019 | 9:00 pm
By Arra B. Francia, Senior Reporter
STOCKS DROPPED on Thursday as investors chose to take profit amid the lack of catalysts, even as most markets abroad rallied on easing trade tensions between the United States and China.
The bellwether Philippine Stock Exchange index (PSEi) shed 0.29% or 23.47 points to close at 7,944.43, failing to hold the previous session’s gains. The broader all shares index likewise slipped 0.1% or 5.03 points to 4,799.79.
“Profit taking amid lack of local catalysts sent the PSEi lower by 23.47 points,” Philstocks Financial, Inc. said in a market note.
The local market failed to mirror Wall Street’s movement on Wednesday as indices were boosted by US President Donald J. Trump’s announcement that he will delay the tariff increases on China.
“The index once again failed to share positive sentiment from US markets last night, as well as the latest Trade War development earlier this morning when Trump said he would delay the tariff increase on the Chinese goods,” Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said in an e-mail on Thursday.
Mr. Trump said Wednesday that he will delay the next planned tariff increases on Chinese goods by two weeks as “a gesture of good will.” This involves the 25% tariff hike on $250-billion worth of Chinese goods originally scheduled for Oct. 1, which will now be implemented on Oct. 15.
Meanwhile, China also said it will exempt some US goods from the tariff hikes it plans to impose starting Sept. 17.
With this, the Dow Jones Industrial Average rallied 0.85% or 227.61 points to close at 27,137.04. The S&P 500 index jumped 0.72% or 21.54 points to 3,000.93, while the Nasdaq Composite surged 1.06% or 85.53 points to 8,169.68.
Asian indices also ended mostly higher on the back of easing trade war tensions. Japan’s Nikkei 225 was up 0.75% or 161.85 points to 21,759.61. The Shanghai Composite firmed up 0.75% or 22.42 points to 3,031.24, while the Hang Seng index was down 0.21% or 57.57 points to 27,101.49.
Back home, four sectoral indices finished in negative territory, led by property which fell 0.8% or 32.76 points to 4,028.71. Services lost 0.69% or 11.21 points to 1,605.83; industrials shed 0.4% or 44.11 points 10,921.72; while financials went down 0.19% or 3.59 points to 1,821.34.
In contrast, mining and oil rose 0.17% or 16.08 points to 9,489.72 and holding firms added 0.14% or 11.08 points to 7,901.23.
Turnover stood at P6.73 billion after some 702 million issues switched hands, slightly lower than Wednesday’s P6.66 billion.
Decliners trumped advancers, 96 to 93, while 50 names were unchanged.
Foreign investors turned net sellers at P131.26 million, against the previous session’s net purchases worth P143.15 million.
Source: https://www.bworldonline.com/shares-drop-on-profit-taking-amid-lack-of-leads/
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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.