Top Ten Smart Money Moves – December 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 December 2, 2019 Data)
Total Traded Value – PhP 5.314 Billion – Low
Advances Declines – (Ideal is 2:1) 86 Advances vs. 104 Declines = 1.21:1 Neutral
Total Foreign Buying PhP 3.487 Billion
Total Foreign Selling – (PhP 3.128) Billion
Net Foreign Buying (Selling) – PhP 0.359 Billion – first day of Net Foreign Buying after 9 days 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 climbs on positive China PMI report
December 2, 2019 | 9:00 pm
By Denise A. Valdez, Reporter
THE LOCAL BOURSE welcomed the Yuletide season with glee as Philippine shares increased on positive sentiment on China’s purchasing managers index (PMI) and Sino-US trade negotiations.
The bellwether Philippine Stock Exchange index (PSEi) jumped 138.23 points or 1.78% to close at 7,877.19 on Monday, as the broader all shares index rose 53.84 points or 1.16% to 4,686.68.
“The local market rallied in concurrence with most Asian markets amid better China PMI data and on risk on sentiment following the US China Phase 1 deal,” Research Associate Piper Chaucer E. Tan of Philstocks Financial, Inc. said in a text message.
“Investors triggered the bargain hunting to local shares as a result of sluggish performance of the past trading week and the so-called Santa Claus rally,” he added.
Regina Capital Development Corp. Head of Sales Luis A. Limlingan shared a similar comment, saying in a mobile message that the positive start came in as “investors optimistically waited for a solid trade deal to be signed.”
“Aside from this, many are already looking forward to next year. After slowing sharply for two years, global growth is expected to recover moderately in 2020,” Mr. Limlingan added, referring to the International Monetary Fund’s global growth forecast of 3.5% next year from 3.2% this year.
Despite reports citing news website Axios that the trade talks between United States and China are stalled because of the pro-Hong Kong bill that US legislated last week, some believe that the negotiations are still “on-track.”
In an opinion piece by Tokyo-based journalist William Pesek published on the Nikkei Asian Review Monday, he pointed out US President Donald Trump’s comment when he signed the bill, saying “certain provisions…would interfere with the exercise of the president’s constitutional authority.” He said this is an indication that the law’s implementation is up to Mr. Trump’s discretion, assuring China that it still has his support.
After the pro-Hong Kong bill was signed, Wall Street stocks declined: the Dow Jones Industrial Average index by 0.40%, the S&P 500 index by 0.40% and the Nasdaq Composite index by 0.46%.
At the local bourse, four sectoral indices went up: property by 88.78 points or 2.19% to 4,132.38; holding firms by 149.63 points or 1.96% to 7,780.06; financials by 36.25 points or 1.96% to 1,878.05; and industrials by 63.71 points or 0.65% to 9,845. Meanwhile, mining and oil declined by 258.33 points or 3.2% to 7,795.74 and services dropped 4.57 points or 0.29% to 1,541.91.
Value trading dropped to P5.31 billion on Monday from Friday’s P6.37 billion, as 1.28 billion issues changed hands.
Stocks that fell edged up those that gained, 104 against 86, as 49 names were unchanged.
Net foreign buying was logged at P359.27 million on Monday, a reversal of the previous session’s P425.21-million net outflow.
https://www.bworldonline.com/pse-index-climbs-on-positive-china-pmi-report/
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In line with our VISION, A RESPONSIBLE TRADER 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.