Top Ten Smart Money Moves – August 15, 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 15, 2019 Data)
Total Traded Value – PhP 11.813 Billion – Medium
Advances Declines – (Ideal is 2:1) 149 Declines vs. 54 Advances = 2.76:1 Bearish
Total Foreign Buying PhP 3.148
Total Foreign Selling – (PhP 4.896) Billion
Net Foreign Buying (Selling) – (PhP 1.748) Billion – 8th day of Net Foreign Selling after 2 days 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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PSE index slips as US Treasury yields decline
August 15, 2019 | 9:00 pm
By Arra B. Francia, Senior Reporter
LOCAL EQUITIES slipped Thursday as fears of a recession in the United States plagued sentiment both locally and overseas.
The bellwether Philippine Stock Exchange index (PSEi) dropped 0.37% or 29.79 points to close at 7,828.86 yesterday, although this was already a recovery from its fall to 7,624.20 intraday. The broader all-shares index likewise lost 0.47% or 22.57 points to 4,746.35.
“The inversion of the US Treasury bond yield curve last night sent western equities market off a cliff, incurring massive losses as the event has always been viewed as an early indicator that the economy maybe heading for a recession,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail on Thursday.
“Asian markets followed suit; however, it did not sustain as big a hit as its western peers.”
US Treasury yields fell Wednesday due to weak economic data from China and Germany, further showing proof of the global economy’s slowdown on top of US-China trade war concerns.
The inversion of the 10-year treasury note yields versus the two-year notes is the first since June 2007, which analysts take as an indication of a possible economic downturn.
The PSEi outpaced the performance of international markets, which were most affected by the yield curve inversion.
The Dow Jones Industrial Average plummeted 3.05% or 800.49 points to 25,479.42. The S&P 500 index dropped 2.93% or 85.72 points to 2,840.60, while the Nasdaq Composite index tumbled 3.02% or 242.42 points to 7,773.94.
Asian indices were mixed, with Japan’s Nikkei 225 down by 1.21% or 249.48 points to 20,405.65. The Shanghai composite added 0.25% or 6.88 points to 2,815.80, while the Hang Seng index rose 0.62% or 157.73 points to 25,460.01.
“Despite today’s sharp recovery, it might be too soon to say if the index is out of the woods — especially since we already saw how the PSEi can react to US market movements,” Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said in an e-mail on Thursday.
Back home, the counter for holding firms was the lone winner as it climbed 0.63% or 48.42 points to 7,707.24.
The rest declined, led by mining and oil which plunged 1.91% or 157.70 points to 8,072.33. Services fell 1.23% or 19.60 points to 1,572.36; financials shed 1.12% or 20.57 points to 1,805.71; property retreated 1.1% or 45.06 points to 4,027.94; while industrials slumped 0.64% or 70.18 points to 10,858.12.
Turnover climbed to P11.81 billion after some 789 million issues switched hands, almost double the previous session’s P6.56 billion.
Decliners swamped advancers, 149 to 54, while 42 names were unchanged.
Foreign investors were net sellers for the eighth straight session, with net outflows swelling to P1.75 billion from Wednesday’s P959.09 million.
Source: https://www.bworldonline.com/pse-index-slips-as-us-treasury-yields-decline/
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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.