Top Ten Smart Money Moves – September 16, 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 16, 2019 Data)
Total Traded Value – PhP 4.967 Billion – Low
Advances Declines – (Ideal is 2:1) 131 Declines vs. 68 Advances = 1.93:1 Neutral
Total Foreign Buying PhP 2.546 Billion
Total Foreign Selling – (PhP 2.416) Billion
Net Foreign Buying (Selling) – PhP 0.130 Billion – 2nd day 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:
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Bargain hunt fuels last-minute rebound to flat end
September 16, 2019 | 9:00 pm
THE MAIN INDEX managed to stage a last-minute rebound on Monday due to bargain hunting, ending nearly flat from Friday.
For much of the day, however, stocks reeled from concerns about global oil stocks in the wake of the attack on Saudi Aramco’s processing plants last weekend that was estimated to have shut five percent of the world’s supply.
The bellwether Philippine Stock Exchange index (PSEi) edged up 0.05% or 4.58 points to close at 7,996.90, while the broader all shares index was largely unchanged at 4,823.05, up by 0.002% or 0.08 points.
“Last-minute bargain hunting lifted the local market by 4.58 points to 7,996.90,” Philstocks Financial, Inc. said in a market note.
Regina Capital Development Corp. Head of Sales Luis A. Limlingan, however, said fears about the impact of the attack on Saudi Arabia’s oil facilities capped the last-minute lift. “Local shares closed flat following the news of drone attack on Saudi oil assets over the weekend,” Mr. Limlingan said in a mobile phone message.
The Saturday attack is estimated to have halved the output of Saudi Arabia — the world’s biggest supplier — and cut global supply by five percent or about 5.7 million barrels a day. Reports say this is the single biggest disruption in oil supply that country has seen.
Oil prices surged on Monday following the disruption. Meanwhile, US President Donald J. Trump gave the go signal for the release of oil from the US Strategic Petroleum Reserve. The International Energy Agency also said it was monitoring the situation.
“The sudden spike in prices is deemed as a negative for the Philippine economy, as the country imports almost all its petroleum requirements. Overseas, there was little news to offset attack in Saudi Arabia as US stocks were mixed on Friday despite the sentiment surrounding the US-China trade relations improving,” Mr. Limlingan said.
Asian markets ended mixed following the attacks on Saudi Arabia’s key oil facilities. Japan’s Nikkei 225 jumped 1.05% or 228.68 points to 21,988.29; the Hang Seng index lost 0.83% or 228.14 points to 27,124.55, while the Shanghai Composite slipped 0.02% or 0.48 points to 3,030.75.
Back home, the six sectoral indices were equally divided between those that lost and those that gained. Those that ended with gains were the industrial counter, which rose 0.36% or 39.99 points to 11,051.93, property which went up 0.1% or 4.08 points to 4,068.16 and mining & oil which edged up 0.02% or 2.17 points to 9,593.63. Financials dropped 0.16% or 3.05 points to 1,829.57, holding firms shed 0.14% or 11.69 points to 7,906.90, while services slipped 0.08% or 1.34 points to 1,622.27.
Some 942.233 million shares worth P4.967 billion switched hands, compared to last Friday’s 7.12 billion issues worth P4.53 billion. Stocks that lost were more than double those that gained 131 to 68, while 47 others ended flat.
Foreign investors were net buyers for the second straight session at P130.4 million, though slightly lower than Friday’s P140.55 million. — Arra B. Francia
Source: https://www.bworldonline.com/bargain-hunt-fuels-last-minute-rebound-to-flat-end/
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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.