Top Ten Smart Money Moves – November 18, 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 18, 2019 Data)
Total Traded Value – PhP 4.322 Billion – Low
Advances Declines – (Ideal is 2:1) 52 Advances vs. 128 Declines = 2.46:1 Bearish
Total Foreign Buying PhP 2.594 Billion
Total Foreign Selling – (PhP 2.494) Billion
Net Foreign Buying (Selling) – PhP 0.100 Billion first day of Net Foreign Buying after 8 days 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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Stocks decline as markets watch US-China talks
November 18, 2019 | 9:00 pm
SHARES continued to drop on Monday as investors stayed on the sidelines until further developments in the US-China trade talks.
The benchmark Philippine Stock Exchange index (PSEi) lost 52.02 points or 0.65% to close at 7,880.94 on Monday. This is its fourth straight day of decline and lowest finish since Oct. 15 when it ended at 7,840.31.
The broader all-shares index also fell 31.55 points or 0.66% to close at 4,720.26.
“The local market extended its losses today as investors continue to watch out for developments with the US-China negotiations,” Senior Research Analyst Japhet Louis O. Tantiangco of Philstocks Financial, Inc. said in a text message on Monday.
Regina Capital Development Corp. Head of Sales Luis A. Limlingan pointed to the same reason, saying in a mobile message: “Investors continued selling in the Philippines market as sentiment in the US became more positive….”
Mr. Tantiangco noted the market was affected by the “skepticism with respect to the talks particularly the positive remarks given by both parties over the weekend.” He was referring to comments of White House Economic Advisor Larry Kudlow late last week, saying the two countries are inching closer to an agreement. China state-run press Xinhua News Agency also reported over the weekend that US and China were maintaining communication over phone to discuss items of the trade deal.
“At the same time, sentiments are also dented by the political unrest in Hong Kong,” Mr. Tantiangco added. Reuters reported tensions continue to rise in Hong Kong as protesters and the police stand off at a university, where rubber bullets and tear gas were used by the authorities to attack protesters aided with petrol bombs and homemade weapons.
But Mr. Tantiangco noted these overseas events are “overshadowing” local fundamentals that should be driving the market up.
“Third quarter corporate earnings season has just ended with index members’ combined first nine months net income up by about 15% year-on-year. Despite this, investors remain cautious as they seek for more clarity regarding the ongoing global narratives,” he said.
All sectoral indices closed in the red on Monday.
Mining and oil descended 192.05 points or 2.19% to 8,550.09; property dropped 46.30 points or 1.12% to 4,073.54; industrials lost 66.19 points or 0.65% to 10,016.15; financials decreased 10.91 points or 0.56% to 1,909.94; holding firms fell 38.14 points or 0.48% to 7,772.28; and services slipped 3.62 points or 0.23% to close at 1,543.85.
Value turnover on Monday stood at P4.32 billion, down from Friday’s P6.85 billion, with 430.55 million issues changing hands.
More stocks declined compared to those that advanced, 128 against 52, while 51 ended unchanged.
Net foreign buying totaled P100.23 million on Monday, a reversal of Friday’s net selling worth P404.88 million. — Denise A. Valdez
Source: https://www.bworldonline.com/stocks-decline-as-markets-watch-us-china-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.