Top Ten Smart Money Moves – August 5, 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 5, 2019 Data)
Total Traded Value – PhP 6.368 Billion – Low
Advances Declines – (Ideal is 2:1) 55 Declines vs. 149 Advances = 2.71:1 Bearish
Total Foreign Buying PhP 2.577
Total Foreign Selling – (PhP 3.764) Billion
Net Foreign Buying (Selling) – (PhP 1.187) Billion – first 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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PSEi sinks to 7,800 level on US-China tensions
August 5, 2019 | 9:00 pm
By Arra B. Francia, Senior Reporter
THE MAIN INDEX plunged to the 7,800 level on Monday, going down with the rest of the region due to escalating trade tensions.
The bellwether Philippine Stock Exchange index (PSEi) plummeted 2.95% or 239.91 points to close at 7,890.02 yesterday, mirroring the bloodbath seen across the region. This marks the PSEi’s lowest finish since May 30, when the index closed at 7,836.55.
The all-shares index likewise fell 2.14% or 105.45 points to 4,821.11.
“Philippine shares wiped out substantial gains from the previous month as President Donald Trump stoked US-China trade fears with the announcement of more tariffs,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile phone message.
US President Donald J. Trump last week warned that he would impose a 10% tariff on another $300 billion worth of Chinese imports next month, amid trade negotiations between top US and Chinese officials last week.
Papa Securities Corp. Sales Associate Gabriel Jose F. Perez further attributed the market’s decline to the yuan’s weakness.
“It was a bloodbath for the PSEi as the index dropped 2.95% today amid trade war concerns and the yuan’s depreciation. Weakness was felt across the region as other indices also dropped by around the same magnitude,” Mr. Perez said in a statement on Monday.
With these concerns, Asian indices ended Monday lower. Japan’s Nikkei 225 down by 1.74% or 366.87 points to 20,720.29. The Hang Seng index spiraled down 2.85% or 767.26 points to 26,151.32, while the Shanghai Composite dropped 1.62% or 46.34 points to 2,821.50.
Wall Street indices also finished lower last Friday, with the Dow Jones Industrial Average slipping by 0.37% or 98.41 points to 26,485.01. The S&P 500 index shed 0.73% or 21.51 points to 2,932.05, while the Nasdaq Composite index lost 1.32% or 107.05 points to 8,004.07.
Back home, sectoral indices ended in negative territory, save for mining and oil which climbed 1.16% or 94.31 points to 8,195.78.
The rest went down, led by property which lost 3.46% or 149.63 points to 4,174.37. Industrials shed 2.58% or 294.66 points to 11,117.47; holding firms slumped 2.56% or 202.83 points to 7,698.80; financials tumbled 2.51% or 46.89 points to 1,814.51; while services retreated 1.81% or 29.19 points to 1,583.93.
Some 964.96 million issues valued at P6.37 billion switched hands, higher than Friday’s P5.68-billion turnover.
Decliners were almost triple the advancing stocks, 149 to 55, while 47 names were flat.
Foreign investors were net sellers at P1.19 billion on Monday versus the previous session’s P256.65-million net inflow.
“Issue to watch out for tomorrow would be July’s inflation figure, but also continue to monitor how US markets perform tonight,” Papa Securities’ Mr. Perez said on Monday.
Source: https://www.bworldonline.com/psei-sinks-to-7800-level-on-us-china-tensions/
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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.