Top Ten Smart Money Moves – November 11, 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 November 11, 2019 Data)
Total Traded Value – PhP 5.388 Billion – Low
Advances Declines – (Ideal is 2:1) 77 Advances vs. 107 Declines = 1.39:1 Neutral
Total Foreign Buying PhP 3.118 Billion
Total Foreign Selling – (PhP 3.538) Billion
Net Foreign Buying (Selling) – (PhP 0.420) Billion – 4th day of Net Foreign Selling after 6 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 stays above 8,000 amid cautious trading
November 11, 2019 | 9:00 pm
By Denise A. Valdez, Reporter
FICKLE trade negotiations between United States and China dragged the main index lower on Monday, but it managed to stay in 8,000 level at the close of trading.
The Philippine Stock Exchange index (PSEi) gave up 56.38 points or 0.69% to close at 8,009.38 on Monday, as the broader all-shares index shed 34.52 points or 0.71% to 4,789.28.
Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco attributed the decline to the renewed uncertainties in the US-China trade talks after US President Donald Trump did not agree to roll back the tariffs on goods coming from Beijing.
“Investors are worrying that this could derail the negotiations,” Mr. Tantiangco said in a text message.
Mr. Trump said on Friday he has not agreed to roll back the tariffs despite officials from both countries claiming earlier that such agreement would be part of the phase one trade deal. He eventually said on Saturday that the trade talks with China are moving “very nicely,” Reuters reported.
Regina Capital Development Corp. Head of Sales Luis A. Limlingan pointed to the same reason for the market’s decline. “Shares closed lower today as US markets close for Veteran’s Day Holiday and investors continue to stay on the edge of latest trade talk negotiations,” he said in a mobile message on Monday.
Most Asian markets dropped on Monday. Hong Kong’s Hang Seng index slumped 2.62%; China’s Shanghai SE Composite index lost 1.83%; and South Korea’s KOSPI index dropped 0.61%. Japan’s Nikkei 225 index also fell 0.26%, and Singapore’s Straits Times Index by 0.90%.
At the PSE, all sectoral indices ended in the red. Mining and oil plummeted 219.65 points or 2.41% to 8,872.96; property fell 47.58 points or 1.14% to 4,123.31; financials lost 17.79 points or 0.91% to 1,928.96; industrials gave up 44.03 points or 0.42% to 10,434.30; holding firms shed 28.62 points or 0.36% to 7,904.70; and services decreased 2.40 points or 0.15% to close the session at 1,549.56.
Value turnover went down to P5.39 billion from Friday’s P6.83 billion, with 827.87 million issues changing hands.
Stocks that declined on Monday beat those that improved, 107 against 77, while 47 ended flat.
Foreign investors remained bearish with net sales of P419.98 million, albeit lower than Friday’s net outflow worth P485.41 million.
“So far, the market is holding its ground above the 8,000 level buoyed by the third quarter earnings released and the latest GDP (gross domestic product) figures. Corporate earnings season is nearing the tail end. If the remaining corporate reports set to be released show robust and improving figures, then we may continue to see the market trade above 8,000,” Philstocks Financial’s Mr. Tantiangco said.
Source: https://www.bworldonline.com/psei-stays-above-8000-amid-cautious-trading/
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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.