Top Ten Smart Money Moves – September 2, 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 2, 2019 Data)
Total Traded Value – PhP 5.274 Billion – Low
Advances Declines – (Ideal is 2:1) 110 Advances vs. 94 Declines = 1.17:1 Neutral
Total Foreign Buying PhP 2.001 Billion
Total Foreign Selling – (PhP 2.666) Billion
Net Foreign Buying (Selling) – (PhP 0.665) Billion – first day of Net Foreign Selling after a day 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 as investors pocket gains from rally
September 2, 2019 | 9:00 pm
By Arra B. Francia, Senior Reporter
LOCAL EQUITIES dropped on the first trading day of September as investors went profit taking amid a lack of catalysts.
The 30-member Philippine Stock Exchange index (PSEi) retreated 0.76% or 61.13 points to close at 7,918.53 on Monday, while the broader all-shares index also fell 0.24% or 11.89 points to 4,797.59.
“The start of September ended lower than its end of August closing. Actually, this is expected since month-end window dressing and the rally for the past three days signalled investors to take profit,” Philstocks Financial, Inc. Research Associate Piper Chaucer E. Tan said in a text message.
“This shows that investors are still on risk-off sentiment, as evidenced also by lower than average value turnover of only P5 billion compared to P7-8-billion average turnover.”
Mr. Tan added that there was a lack of catalysts given uncertainties from the US-China trade war. The US imposed 15% additional tariffs on $300 billion worth of Chinese goods on Sunday, Sept. 1, in response to China’s move to impose more duties on $75 billion worth of American imports.
“Yesterday was the first day of September, meaning the 15% tariff on the Chinese goods kicked in. This is something consumers can expect to feel when buying everything from milk to diapers to some China-manufactured tech products like the Apple Watch,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile phone message on Monday.
Mining companies rallied, with the mining and oil counter soaring 11.51% or 949.95 points to 9,200.47. Nickel Asia Corp. was the most actively traded stock on Monday, jumping 50% to P4.11 each, while Global Ferronickel Holdings, Inc. also firmed up 14.29% to P1.68 each.
This came after Indonesia said it will start banning nickel ore exports, in an effort to produce its own resources at home. Nickel Asia said it may book windfall gains from the supply disruption that will keep nickel prices high.
Meanwhile, the five other sectoral indices moved to negative territory, led by financials which lost 1.61% or 29.66 points to 1,803.62. Industrials shed 0.84% or 93.92 points to 11,032.38; services slumped 0.61% or 9.93 points to 1,613.82; holding firms slipped 0.52% or 41.70 points to 7,881.16, while property was down 0.16% or 6.72 points to 3,991.28.
Foreign investors turned net sellers at P665.19 million, compared to Friday’s net buying figure of P409.13 million.
Turnover stood at P5.27 billion after some 1.95 billion issues switched hands, lower than the previous session’s P9.74 billion.
Advancers outpaced decliners, 110 to 94, while 43 names were unchanged.
US stock markets are closed on Monday for Labor Day.
Source: https://www.bworldonline.com/shares-drop-as-investors-pocket-gains-from-rally/
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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. 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.
2. The Website: :http://www.theresponsibletrader.com where we publish our daily newsletter Top Ten Smart Money Moves, Stock Trading Lessons, and Inspirational Materials. (FREE)
3. 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)
4. 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.