Top Ten Smart Money Moves – November 13, 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 13, 2019 Data)
Total Traded Value – PhP 4.626 Billion – Low
Advances Declines – (Ideal is 2:1) 73 Advances vs. 105 Declines = 1.44:1 Neutral
Total Foreign Buying PhP 2.208 Billion
Total Foreign Selling – (PhP 2.929) Billion
Net Foreign Buying (Selling) – (PhP 0.721) Billion – 6th 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 drops below 8,000 on US-China trade talks
November 13, 2019 | 9:00 pm
By Denise A. Valdez
Reporter
THE PHILIPPINE Stock Exchange index (PSEi) failed to stay above the 8,000 level yesterday as investors were alarmed on seemingly dwindling trade negotiations between United States and China.
The local bellwether trimmed 64.87 points or 0.81% to close at 7,947.47 on Wednesday.
The broader all shares index likewise gave up 24.73 points or 0.51% to end the session at 4,763.89.
“Market drifted lower whilst Trump made fresh comments on trade deal hinting that existing tariffs will be raised if no deal is made (with China),” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message.
Bloomberg reported Wednesday US President Donald Trump warned of increasing tariffs on Chinese products “very substantially” if the trade talks don’t lead to an agreement soon. He also said such move will be made for other countries that will “mistreat” the US as well.
The comments were made in a speech to the Economic Club of New York, where Mr. Trump also said he will only sign the trade deal with China if it will benefit American companies and workers.
Markets in the Asia Pacific ended negatively amid the developments. Japan’s Nikkei 225 and Topix indices fell 0.85% and 0.55%, respectively. Hong Kong’s Hang Seng Index, Australia’s S&P/ASX 200 and China’s Shanghai SE Composite index also dropped 1.82%, 0.81% and 0.33%, respectively.
At the PSE, mining and oil was the only sectoral index to advance on Wednesday’s close, increasing 41.35 points or 0.46% to 8,911.52.
All other counters declined. Industrials went down 109.42 points or 1.05% to 10,301.48; financials dropped 16.31 points or 0.84% to 1,907.06; holding firms lost 64.52 points or 0.81% to 7,832.75; property declined 17.06 points or 0.41% to 4,126.41; and services sank 5.26 points or 0.33% to 1,548.42.
Value turnover on Tuesday was reduced to P4.63 billion from P4.73 billion a day prior, with 1.17 billion issues changing hands.
Stocks that declined outnumbered those that gained, 105 against 73, while 59 others were ended flat.
Net foreign selling increased to P720.69 million on Wednesday from Tuesday’s P392.04 million.
Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said in an e-mail the bigger net selling was a factor for the main index’s decline. “A lack of any near-term catalysts has left the index trading sideways for the past few days,” he said.
“A close below the 8,000 mark puts the index’s next support at its 200-day MA (moving average) of 7,900, only a few points away. The recent MACD (moving average convergence/divergence) Bearish crossover is a red flag that this area could be broken in the near-term,” Mr. Perez added.
Source: https://www.bworldonline.com/psei-drops-below-8000-on-us-china-trade-talks/
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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.