Top Ten Smart Money Moves – December 4, 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.
================================
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.
========================================================
Trading Notes for Today – (Based on December 4, 2019 Data)
Total Traded Value – PhP 7.717 Billion – Low
Advances Declines – (Ideal is 2:1) 58 Advances vs. 122 Declines = 2.10:1 Bearish
Total Foreign Buying PhP 5.123 Billion
Total Foreign Selling – (PhP 4.201) Billion
Net Foreign Buying (Selling) – PhP 0.922 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:
==================================================
Stocks decline further on Duterte, Trump remarks
December 4, 2019 | 9:00 pm
By Vincent Mariel P. Galang, Reporter
SHARES continued their sluggish performance on Wednesday amid developments here and abroad.
The 30-member Philippine Stock Exchange index (PSEi) fell 39.25 points or 0.5% to close at 7,815.93, while the broader all shares index went down 23.39 points or 0.5% to reach 4,657.81.
“The index was hit by a slew of negative issues today, both internal and external to close the day 39.25 points down at 7,815.93. Internal issues that hit the PSEi members today mostly came from President (Rodrigo R.) Duterte’s tirade against Maynilad [Water Services. Inc.], Manila Water [Co., Inc.], and the Ayalas last night,” Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said in an e-mail on Wednesday.
Mr. Duterte threatened the water concessionaires that he would scrap their concession agreements. Specifically, he claimed that Manila Water is not paying corporate income tax, and instead is passing this down to consumers.
Abroad, Mr. Perez noted US President Donald Trump’s statement that he is willing to wait until the 2020 elections to complete Washington’s negotiations with China. This was reflected in the downward performance of US markets.
On Wall Street, the Dow Jones Industrial index fell 280.23 points or 1.01% to 27,502.81, the S&P 500 index shed 20.67 points or 0.66% to 3,093.20, while the Nasdaq Composite index fell 47.34 points or 0.55% to 8,520.65.
Regina Capital Development Corp. Head of Sales Luis A. Limlingan also noted the same issue, as well as the signing of several bills that could possibly intensify trade war tensions.
“President Trump said he would be willing to wait for another year before striking a trade agreement with China, and probably better to wait until the election for the China deal,” he said in a text message.
“The US House of Representatives is expected to vote… on the Uighur Human Rights bill, which is likely to raise US-China tensions further. Chinese state media said the government will soon publish a list of unreliable entities could lead to sanctions against US companies. This was passed early this morning,” he said on Wednesday.
At home, subsectors ended in the red except for industrials, which gained 40.94 points or 0.42% to end at 9,716.54, as well as financials, which was up 10.72 points or 0.57% to 1,890.86.
Losers were led by mining and oil, which fell 140.98 points or 1.81% to end at 7,638.28; property fell 67.64 points or 1.62% to 4,085; holding firms fell 51.91 points or 0.67% to 7,696.16; and services fell 10.28 points or 0.66% to 1,533.72.
Some 644.07 million issues valued at P7.72 billion switched hands on Wednesday, higher than the previous session’s 480.81 million shares worth P5.06 billion.
Foreigners turned buyers at P922.23 million from previous session’s net selling worth P155.94 million. Losers edged out advancers, 122 to 58, while 47 issues were unchanged.
https://www.bworldonline.com/stocks-decline-further-on-duterte-trump-remarks/
=====================================================
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)
===================================================
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.