Top Ten Smart Money Moves – August 8, 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 8, 2019 Data)
Total Traded Value – PhP 6.250 Billion – Low
Advances Declines – (Ideal is 2:1) 103 Advances vs. 91 Declines = 1.13:1 Neutral
Total Foreign Buying PhP 3.244
Total Foreign Selling – (PhP 3.310) Billion
Net Foreign Buying (Selling) – (PhP 0.066) Billion – 4th 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 inches down on slower Q2 GDP growth
August 8, 2019 | 9:00 pm
By Arra B. Francia, Senior Reporter
THE MAIN INDEX ended slightly lower on Thursday following slower gross domestic product (GDP) expansion in the second quarter.
The benchmark Philippine Stock Exchange index (PSEi) went down 0.04% or 3.23 points to close at 7,914.16, failing to hold gains seen for most of the session. The broader all-shares index likewise dropped 0.18% or 9.09 points to 4,818.32.
“Philippine 2nd quarter GDP comes in at 5.5% which is the low end of the consensus. However, we did not see a much of a fallout on local equities…the main index ends almost unchanged, giving investors a breather after heavy volatility in the last two weeks,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail.
The Philippine economy grew by 5.5% in the April to June period, the slowest in four years. This is also lower than the 6-7% GDP growth target of the government for 2019.
The second-quarter print was likewise below the 5.9% median estimate in a BusinessWorld poll of 15 economists last week.
Papa Securities Corp. Sales Associate Gabriel Jose F. Perez noted that investors were mostly on the sidelines as they waited for the Bangko Sentral ng Pilipinas’ policy meeting in the afternoon.
The central bank decided to cut rates by 25 basis points yesterday, as expected, while also reducing its inflation forecasts for 2019 to 2021.
Four sectoral indices moved to negative territory: holding firms shed 0.46% or 35.91 points to 7,676.14; property slipped 0.44% or 18.62 points to 4,161.55; financials sank 0.42% or 7.81 points to 1,847.47, while industrials declined 0.27% or 30.27 points to 10,931.37.
Meanwhile, services jumped 3.06% or 47.90 points to 1,611.83 and mining and oil surged 1.49% or 119.69 points to 8,122.61.
Turnover stood at P6.25 billion after some 834.29 million issues switched hands, slightly lower than Wednesday’s P6.64 billion.
Advancers outpaced decliners, 103 to 91, while 45 names were unchanged.
Net foreign selling persisted for the fourth straight session at P66.13 million, lower than the previous session’s P342.50 million.
“The main index is currently down 2.6% for the week. If we see a rally tomorrow, wherein it closes above 8,000. There might be hope for this market just yet,” AAA Equities’ Mr. Mangun said on Thursday.
Meanwhile, Wall Street indices ended mixed overnight. The Dow Jones Industrial Average slipped 0.09% or 22.45 points to 26,007.07. The S&P 500 index added 0.08% or 2.21 points to 2,883.98, while the Nasdaq Composite index rose 0.38% or 29.56 points to 7,862.82.
Asian indices finished mostly higher, with Japan’s Nikkei 225 up by 0.37% or 76.79 points to 20,593.35. The Shanghai Composite jumped 0.93% or 25.87 points to 2,794.55, while the Hang Seng index rose 0.48% or 123.74 points to 26,120.77.
Source: https://www.bworldonline.com/pse-index-inches-down-on-slower-q2-gdp-growth/
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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.