Top Ten Smart Money Moves – November 14, 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 14, 2019 Data)
Total Traded Value – PhP 4.184 Billion – Low
Advances Declines – (Ideal is 2:1) 78 Advances vs. 107 Declines = 1.37:1 Neutral
Total Foreign Buying PhP 1.884 Billion
Total Foreign Selling – (PhP 2.380) Billion
Net Foreign Buying (Selling) – (PhP 0.496) Billion – 7th 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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Stocks decline further on dovish Powell speech
November 14, 2019 | 9:00 pm
By Denise A. Valdez, Reporter
THE MAIN INDEX failed to recover on Thursday as investors continued to react to developments outside the country.
The benchmark Philippine Stock Exchange index (PSEi) lost 13.76 points or 0.17% to close at 7,933.71 on Thursday, while the broader all shares index gave up 6.16 points or 0.12% to 4,757.73.
“The local market is still weighed down by offshore worries,” Senior Research Analyst Japhet Louis O. Tantiangco of Philstocks Financial, Inc. said in a text message.
“Primary concern right now is the alleged impasse on the US-China negotiations which could deter the Phase 1 deal. At the same time, you have China’s economic slowdown as seen on its latest investment and industrial output data. The slowdown is feared to spill over to its neighboring countries including the Philippines,” Mr. Tantangco added.
For his part, Regina Capital Development Corp. Head of Sales Luis A. Limlingan said the lower close of the PSEi is due to the testimony of US Federal Reserve Chair Jerome Powell and the public hearing on US President Donald Trump’s impeachment case.
On Wednesday, Mr. Powell went against Mr. Trump’s appetite for negative interest rates, saying in a speech in a Congress hearing that the current state of the monetary policy is more appropriate for the US economy now.
Wall Street ended mixed on Thursday. The Dow Jones Industrial Average rose 92.1 points or 0.33% to 27,783.59; the S&P 500 gained 2.2 points or 0.07% to 3,094.04; and the Nasdaq Composite dropped 3.99 points or 0.05% to 8,482.10.
Meanwhile, most Asian markets declined on Thursday. Japan’s Nikkei 225 and Topix indices declined 0.76% and 0.94%, respectively, as Hong Kong’s Hang Seng index shed 0.93% and Singapore’s Straits Times Index gave up 0.23%. Some markets gained, such as China’s Shanghai SE Composite index (0.16%) and South Korea’s KOSPI index (0.79%).
Back home, two sectoral indices advanced on Thursday: property by 12.02 points or 0.29% to 4,138.43 and financials by 1.16 points or 0.06% to 1,908.22.
Meanwhile, industrials lost 180.31 points or 1.75% to end at 10,121.17; holding firms erased 9.33 points or 0.11% to 7,823.42; services went down 0.53 points or 0.03% to 1,547.89; and mining and oil shed 2.02 points or 0.02% to close the session at 8,909.50.
Value turnover declined further to P4.18 billion from P4.63 billion on Wednesday, with 655.29 million issues changing hands.
Stocks that lost outpaced those that gained, 107 against 78, while 55 names were unchanged.
Foreign investors remained bearish on Thursday, although net selling declined to P496.57 million from P720.69 million on Wednesday. — with Reuters
Source: https://www.bworldonline.com/stocks-decline-further-on-dovish-powell-speech/
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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.