Top Ten Smart Money Moves – August 1, 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 August 1, 2019 Data)
Total Traded Value – PhP 6.660 Billion – Low
Advances Declines – (Ideal is 2:1) . 82 Declines vs. 116 Advances = 1.41:1 Neutral
Total Foreign Buying PhP 2.944
Total Foreign Selling – (PhP 2.892) Billion
Net Foreign Buying (Selling) – PhP 0.052 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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Shares rise on PHL manufacturing activity report
August 1, 2019 | 9:00 pm
LOCAL SHARES firmed up on Thursday, reversing losses seen at the start of the session as investors cheered the growth in the country’s manufacturing sector seen last month.
The benchmark Philippine Stock Exchange index (PSEi) bounced back 0.65% or 52.36 points to 8,098.16, managing to reverse losses incurred in the morning. The broader all-shares index likewise went up 0.29% or 14.45 points to 4,904.51.
“Our market massively outperformed the rest of its Asian peers. It could be due to the fact that manufacturing PMI data came in today with the Philippines’ new order growth at a six-month high,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail on Thursday.
IHS Markit Philippines Manufacturing Managers’ Index data released on Thursday showed that manufacturing growth accelerated for the third consecutive month in July to 52.1. The research firm said this was the strongest monthly reading so far in 2019.
The strong manufacturing data offset the negative sentiment at the start of trading, as Federal Reserve Chairman Jerome Powell hinted that the central bank’s rate cut might not be the beginning of a long series of reductions.
At its July 30-31 meeting, the Federal Open Market Committee reduced benchmark rates by 25 basis points, the first cut since 2008.
Wall Street indices fell following Mr. Powell’s remarks. The Dow Jones Industrial Average lost 1.23% or 333.75 points to 26,864.27. The S&P 500 index slumped 1.09% or 32.80 points to 2,980.38, while the Nasdaq Composite index retreated 1.19% or 98.19 points to 8,175.42.
For Philstocks Financial, Inc., the PSEi’s decline in the morning caused investors to look for bargains near the market’s close.
“The local bourse ended higher…as investors hunted for bargains after the market declined below the 8,000 level,” the brokerage said in the market note, adding that SM Prime Holdings, Inc.’s gains helped the PSEi recover.
The Sy-led property developer’s shares jumped 4.11% to P38 each on Thursday, and was among the list of 20 most actively traded stocks for the day.
The services counter was the lone loser out of six sub-indices as it plunged 1.43% or 23.56 points to 1,620.79.
The rest went up, led by property which jumped 1.6% or 67.91 points to 4,302.24. Mining and oil climbed 1.09% or 86.06 points to 7,971.84; financials rose 0.9% or 16.59 points to 1,859.08; industrials went up 0.72% or 81.72 points to 11,334.24; while holding firms added 0.06% or 5.40 points to 7,849.76.
Decliners trumped advancers, 116 to 82, while 44 names remained flat.
Turnover stood at P6.66 billion after some 1.86 billion issues switched hands, lower than Wednesday’s P7.45 billion.
Foreign investors turned net buyers, albeit at a minimal P51.27 million, coming from the previous session’s P465.49-million net outflow. — Arra B. Francia
Source: https://www.bworldonline.com/shares-rise-on-phl-manufacturing-activity-report/
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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.