Top Ten Smart Money Moves – September 3, 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 3, 2019 Data)
Total Traded Value – PhP 6.828 Billion – Low
Advances Declines – (Ideal is 2:1) 125 Declines vs. 67 Advances = 1.86:1 Neutral
Total Foreign Buying PhP 2.727 Billion
Total Foreign Selling – (PhP 2.622) Billion
Net Foreign Buying (Selling) – PhP 0.105 Billion – first 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:
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PSE index sinks as US-China trade war heats up
September 3, 2019 | 9:00 pm
By Arra B. Francia, Senior Reporter
THE MAIN INDEX fell on weak sentiment from US market futures due to the escalation in the US-China trade war.
The benchmark Philippine Stock Exchange index (PSEi) lost 1.43% or 113.82 points to close at 7,804.71 yesterday, extending the previous session’s decline. The broader all-shares index likewise plunged 1.18% or 56.98 points to 4,740.61.
“It was a quiet day for the index until a massive selldown at the close… The selldown could possibly be attributed to US futures being down by 1.0% at the moment as this signals how the US market will move tonight — effectivity of tariffs last Sept. 1 being the cause,” Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said in an e-mail on Tuesday.
Futures on the Dow Jones Industrial Average went down 199 points or 0.84%, while S&P 500 futures also sank 0.7%. Investors may take their cues from the futures indices’ movements once US markets resume trading after the Labor Day holiday.
General sentiment remained cautious after the US increased tariffs on Chinese goods by 15% on Sunday, Sept. 1.
The US and China are reportedly struggling to agree on when they can continue the trade talks, amid the rising tariffs.
Asian markets ended mixed, with Japan’s Nikkei 225 up 0.02% or 4.97 points to 20,625.16. The Hang Seng index tumbled 0.39% or 98.70 points to 25,527.85, while the Shanghai Composite rose 0.21% or 6.05 points to 2,930.15.
Back home, the mining and oil counter was the only bright spot for the market as it jumped 2.48% or 228.93 points to 9,429.40. Mining firms continued to enjoy a boost in sentiment as they expect to benefit from Indonesia’s export ban on its nickel output.
“Investors are currently focusing on mining stocks after Indonesia came out and announced that they would be banning exports two years earlier than the original plan,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail.
The rest of the counters went down, led by holding firms which dropped 1.86% or 146.74 points to 7,734.42. Services shed 1.6% or 25.91 points to 1,587.91; property slumped 1.26% or 50.65 points to 3,940.63; industrials retreated 1.05% or 116.74 points to 10,915.64; while financials dipped 0.47% or 8.64 points to 1,794.98.
Some 1.19 billion issues valued at P6.83 billion switched hands, improving from the previous session’s P5.27 billion. Decliners were almost double the advancers, 125 to 67, while 56 names ended flat.
Foreign investors turned net buyers at P104.99 million, compared to Monday’s P665.19 million in net sales.
“The PSEi broke below its support of 7,920 and may now test the next support line at 7,750. The general investor sentiment for our market continues to remain very cautious despite almost hitting 8,000 last week,” AAA Equities’ Mr. Mangun said.
Source: https://www.bworldonline.com/pse-index-sinks-as-us-china-trade-war-heats-up/
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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.