Top Ten Smart Money Moves – November 20, 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 20, 2019 Data)
Total Traded Value – PhP 4.131 Billion – Low
Advances Declines – (Ideal is 2:1) 72 Advances vs. 106 Declines = 1.47:1 Neutral
Total Foreign Buying PhP 2.010 Billion
Total Foreign Selling – (PhP 2.665) Billion
Net Foreign Buying (Selling) – (PhP 0.655) Billion – 2nd day of Net Foreign Selling after a day 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 inches down on concerns over US-China talks
November 20, 2019 | 9:00 pm
By Denise A. Valdez, Reporter
THE MAIN INDEX slid on Wednesday as negative sentiments hound investors due to the uncertainty of the trade talks between United States and China.
The bellwether Philippine Stock Exchange index (PSEi) trimmed 14.08 points or 0.17% to close at 7,898.06 on Wednesday, while the broader all-shares index shed 12.32 points or 0.26% to 4,717.40.
“Philippine shares slipped back as upbeat macro data was overshadowed by disappointing retail earnings and doubts about a US-China trade deal,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message.
CNBC reported Tuesday that US President Donald Trump is threatening to impose higher tariffs on Chinese goods if the country fails to make a trade deal with China.
As a response, markets in the Asia Pacific declined on Wednesday. Japan’s Nikkei 225 and Topix indices lost 0.62% and 0.33%, respectively. Australia’s S&P/ASX 200 index dropped 1.35%; China’s Shanghai SE Composite index gave up 0.78%; and Hong Kong’s Hang Seng index fell 0.75%.
“The local market joined its regional peers on the decline following (Mr. Trump’s) tariff threats against Beijing. The outlook on the US-China negotiations is becoming dimmer and this is what’s been pulling the local bourse lately,” Senior Research Analyst Japhet Louis O. Tantiangco of Philstocks Financial, Inc. said in a text message.
He added that the weakening of the Philippine peso, which closed at P50.87 against the dollar on Wednesday, is another factor dragging the local market.
Papa Securities Corp. Sales Associate Gabriel Jose F. Perez cited the same reason, saying in an e-mail that “net foreign selling continued to plague the index.”
Foreign investors remained bearish on Wednesday, recording a net selling of P655.08 million at the close of trading. However, this is an improvement from Tuesday’s net outflows worth P1.03 billion.
Sectoral counters mostly declined. Mining and oil went down 119.98 points or 1.39% to 8,481.03; industrials dropped 47.48 points or 0.47% to 9,989.76; financials inched down by 6.01 points or 0.31% to 1,913; and holding firms lost 18.37 points or 0.23% to 7,788.62.
Meanwhile, property increased by 16.15 points or 0.39% to 4,091.78, while services went up 0.05 point to 1,549.62.
Value turnover fell to P4.13 billion from Tuesday’s P6.22 billion, with 1.73 billion issues changing hands.
Declining stocks outpaced advancing stocks, 106 against 72, while 52 closed unchanged.
“The index should continue to trade sideways in the near-term as we wait on the MSCI overhang to dissipate next week. Support would be at the 7,800 level, while resistance is at the 8,000 area,” Mr. Perez said.
Source: https://www.bworldonline.com/psei-inches-down-on-concerns-over-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.