Top Ten Smart Money Moves – December 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 December 5, 2019 Data)
Total Traded Value – PhP 6.511 Billion – Low
Advances Declines – (Ideal is 2:1) 68 Advances vs. 117 Declines = 1.72:1 Neutral
Total Foreign Buying PhP 4.286 Billion
Total Foreign Selling – (PhP 4.248) Billion
Net Foreign Buying (Selling) – PhP 0.038 Billion – 2nd 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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PSE index drops further as Nov. inflation picks up
December 5, 2019 | 9:00 pm
By Denise A. Valdez, Reporter
THE MAIN INDEX recorded its third straight day of decline on Thursday amid the pickup in November inflation and positive developments in the US-China trade negotiations.
The benchmark Philippine Stock Exchange index (PSEi) fell 25.02 points or 0.32% to close at 7,790.91 on Thursday, as the broader all shares index shed 17.18 points or 0.36% to 4,640.63.
“With trade talks ongoing and November inflation coming in a little over expected, local shares slid this trading session,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message yesterday.
Bloomberg reported late Wednesday that US and China are close to finalizing the tariff rollbacks that will be part of their “phase one” trade agreement, citing information from people familiar with the negotiations. It noted the deal may be signed before Dec. 15, when American tariffs are scheduled to increase.
Wall Street took the news with optimism on Wednesday, as the Dow Jones Industrial Average index, the S&P 500 index and the Nasdaq Composite index all rose 0.53%, 1.24% and 1.56%, respectively.
Inflation data from the Philippine Statistics Authority also affected the local market on Thursday, as the report showed headline inflation last month landed at 1.3% — still within the central bank’s 0.9-1.7% estimate range but also the first time it picked up in the second half of the year.
Despite Mr. Limlingan’s comments attributing the market’s decline to the inflation report, AAA Southeast Equities, Inc. Research Head Christopher John Mangun said it “had almost no effect on the market as investors ignore fundamentals and focus on the sentiment.”
Mr. Mangun said what drove the market were foreign investors which recorded a net buying of P37.85 million.
Sectoral indices at the PSE were mostly down on Thursday. Services dropped 30.72 points or 2% to end at 1,503; industrials gave up 87.19 points or 0.89% to end at 9,629.35; mining and oil lost 55.71 points or 0.72% to 7,582.57; property decreased 17.07 points or 0.41% to 4,067.93; and financials slipped 1.38 points or 0.07% to end the session at 1,889.48.
Holding firms was the lone increasing sector that climbed, adding 19.07 points or 0.24% to end at 7,715.23.
Value turnover closed at P6.51 billion yesterday, lower than Wednesday’s P7.72 billion, with 514.81 million issues changing hands.
There were more stocks that lost than those that gained, 117 against 68, while 54 names were unchanged.
Net inflows stood at P37.85 million, lower than Wednesday’s P922.23 million.
“We still believe the PSEi can end the week above 7,800,” Mr. Mangun said. — with Bloomberg
https://www.bworldonline.com/pse-index-drops-further-as-nov-inflation-picks-up/
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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)
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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.