Top Ten Smart Money Moves – December 6, 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 6, 2019 Data)
Total Traded Value – PhP 5.714 Billion – Low
Advances Declines – (Ideal is 2:1) 81 Advances vs. 85 Declines = 1.05:1 Neutral
Total Foreign Buying PhP 3.036 Billion
Total Foreign Selling – (PhP 3.755) Billion
Net Foreign Buying (Selling) – (PhP 0.719) 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:
==================================================
Fed, BSP meetings seen affecting trade this week
December 9, 2019 | 12:01 am
By Denise A. Valdez
Reporter
PHILIPPINE STOCKS are seen to move this week in accordance with market sentiment on the central bank’s policy meeting and any tariff adjustments by the United States on Chinese products — two events scheduled in the coming week.
The 30-member Philippine Stock Exchange index (PSEi) climbed 10.81 points or 0.13% on Friday to close this month’s first week of trading at 7,801.72.
On a weekly basis, the main index was up 0.81% to record its first week of gain after three weeks of decline.
Value turnover last week averaged P5.932 billion to trim 34% from a week ago. Activity from foreign investors saw a turnaround with net buying at P89 million from a net selling of P1.6 billion in the prior week.
Online brokerage 2TradeAsia.com said much of the local bourse’s performance last week was driven by volatile mood that swept most markets across the region.
Heading into a new week, it said the Sino-US trade talks, monetary policy and water concessionaires’ battle with government will be the main drivers of the stock market.
“Emotions are bound for a rough patch in the coming days, as 15 December’s US tariff implementation deadline on Chinese imports loom,” 2TradeAsia.com said in a market note sent Friday.
It noted there are polarizing opinions from investors on whether the trade talks would be enough to trigger tariff rollbacks or if the political climate will cloud expectations of a tariff resolution.
“For now, remarks that would be given along these lines would cause share prices to fluctuate, unless both major parties come to amicable terms,” it said.
2TradeAsia.com likewise said the meeting of the US Federal Open Market Committee on Dec. 10-11 will impact global equities, on top of the policy review of the Bangko Sentral ng Pilipinas on Dec. 12.
Also to be watched is market sentiment on infrastructure projects that are of similar nature as that of water concessionaires, which drew the ire of President Rodrigo R. Duterte last week.
“Sequels to water concessionaires’ concerns may cast some cloud on the fate of other similar infra projects, especially within capital-intensive utilities… Learn to look at temporary set backs as opportunity to move into stocks with fundamentals that have run the test of time,” 2TradeAsia.com said.
Aside from upcoming events, Regina Capital Development Corp. Head of Sales Luis A. Limlingan said the local bourse may start this week’s trading with a gain on the back of positive sentiment spilling over from the US jobs report that came out Friday saying jobs increased 266,000 in November.
Mr. Limlingan is putting the PSEi’s support level at 7,760 and resistance at 7,920.
For 2TradeAsia.com, the PSEi’s immediate support is seen between 7,500-7,700, while resistance is between 7,850-7,950.
=====================================================
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.