Top Ten Smart Money Moves – October 4, 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 October 4, 2019 Data)
Total Traded Value – PhP 5.076 Billion – Low
Advances Declines – (Ideal is 2:1) 112 Advances vs. 60 Declines = 1.86:1 Neutral
Total Foreign Buying PhP 2.088 Billion
Total Foreign Selling – (PhP 3.090) Billion
Net Foreign Buying (Selling) – (PhP 1.002) Billion – 8th 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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PHL stocks to move sideways on weak sentiment
October 7, 2019 | 12:01 am
By Arra B. Francia
Senior Reporter
SHARES MAY move sideways in the week ahead amid generally weak investor sentiment, although some may continue bargain hunting after last week’s sell-off.
The benchmark Philippine Stock Exchange index (PSEi) jumped 2.11% or 159.05 points to close at 7,704.60 on Friday, snapping a five-day losing streak as investors returned to the market just as prices got lower.
Friday’s rally, however, was not enough to pare the week’s losses, as the main index ended the week down by 1.47%.
Trading volume stood at P37.88 billion overall for the week, while net foreign outflows hit P5.84 billion.
“Despite (the recovery on Friday), the general investor sentiment remains extremely cautious which means we may not see the market start to go higher,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in a market report.
“We may see some excitement from retail investors as Axelum lists on the exchange on Monday. Investors may see a good opportunity in this company as the demand for coconut products abroad is picking up at a rapid pace and because of the performance of the last IPO that we saw last month,” Mr. Mangun added.
Integrated coconut products manufacturer Axelum Resources Corp. will list its shares on the stock exchange today following its P4-billion initial public offering.
This week will also see the listing of Villar-led home improvement and construction supplies retailer AllHome Corp., with an IPO size of up to P14.878 billion. Its shares will be listed at the Philippine Stock Exchange on Wednesday.
Meanwhile, Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said investors will look to Wall Street’s performance for guidance this week.
“Movement next week for the PSEi should still be highly likely influenced by US market movement. Support remains at May’s low of 7,475,” Mr. Perez said in an e-mail.
Markets in the United States mostly ended in positive territory on Friday following the release of the Labor Department’s monthly employment report, which kept hopes up for an interest rate cut this month.
The Dow Jones Industrial Average climbed 1.42% or 372.68 points to 26,573.72. The S&P 500 index jumped 1.42% or 41.38 points to 2,952.01, while the Nasdaq Composite index also went up 1.40% or 110.21 points to 7,982.47.
For his part, Mr. Mangun placed the market’s support at 7,500 to 7,630, with resistance from 7,750 to 7,920.
“If we do not see heavy selling next week, there is a chance that the PSEi may end in the green, but a lack of buying pressure at the beginning of the week will signal bargain hunters from last week to go back into cash as investors may not believe that the market is ready to rally,” Mr. Mangun said.
Source: https://www.bworldonline.com/phl-stocks-to-move-sideways-on-weak-sentiment/
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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.