Top Ten Smart Money Moves – September 6, 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 6, 2019 Data)
Total Traded Value – PhP 7.654 Billion – Low
Advances Declines – (Ideal is 2:1) 96 Advances vs. 91 Declines = 1.06:1 Neutral
Total Foreign Buying PhP 4.712 Billion
Total Foreign Selling – (PhP 4.741) Billion
Net Foreign Buying (Selling) – (PhP 0.029) Billion – 3rd 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 to move sideways on US-China concerns
September 9, 2019 | 12:01 am
By Arra B. Francia
Senior Reporter
SHARES may trade sideways this week as investors remain cautious about the US-China trade war as well as whether the Philippines will meet its economic growth target.
The benchmark Philippine Stock Exchange index (PSEi) went up 0.44% or 35.28 points to close the week at 7,933.47 last Friday.
It was up by 0.58% on a weekly basis, driven mostly by gains in the mining sector which benefited from Indonesia’s ban on nickel exports. Property also gained for the first time in two weeks, while the other four counters ended in the red.
Turnover reached P33.45 billion last week, while net foreign selling persisted at P2 billion.
“Overall, the investor sentiment remains very cautious and investors continue to look at opportunities in second-liners and speculative issues,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in a market report.
Mr. Mangun noted that nothing has given investors the confidence to buy into the market, even with inflation falling to 1.7% in August and the peso getting stronger.
He added that trade tensions between the United States and China also continue to spook investors.
“Investors are expecting an interest cut at the Bangko Sentral ng Pilipinas’ (BSP) next meeting as inflation is lower which will be good for corporate growth. The big concern is whether gross domestic product (GDP) for the year can meet the 6% target of the government,” Mr. Mangun said.
The central bank is scheduled to hold its policy meeting on Sept. 26. BSP Governor Benjamin E. Diokno has earlier hinted on more rate cuts. The BSP has already reduced benchmark rates by 50 basis points (bp) this year or by 25 bps each on May 9 and Aug. 8.
Mr. Diokno also plans another reserve requirement ratio cut within the year.
For Papa Securities Corp. Sales Associate Gabriel Jose F. Perez, the main index’s movement will continue to depend on US markets’ movement.
“Bias continues for the index to reach the critical 8,000 level resistance [this] week — continue to watch out for US market movement if they return to their recent highs,” Mr. Perez said in an e-mail.
Last week, Taiwanese firm Cal-Comp Technology (Philippines), Inc. and Metro Pacific Hospital Holdings, Inc. applied to conduct initial public offerings worth up to P10.87 billion and P83 billion, respectively.
“(This is) the most we have seen in years, which could be the reason why investors are careful and very selective in buying listed companies right now. After the success of KPPI, investors may be more interested in buying companies that are about to list,” AAA Equities’ Mr. Mangun said.
Mr. Mangun placed the market’s support at 7,630 to 7,750, with resistance from 7,920 to 8,000.
Source: https://www.bworldonline.com/shares-to-move-sideways-on-us-china-concerns/
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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.