Top Ten Smart Money Moves – November 22, 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 22, 2019 Data)
Total Traded Value – PhP 5.486 Billion – Low
Advances Declines – (Ideal is 2:1) 90 Advances vs. 88 Declines = 1.02:1 Neutral
Total Foreign Buying PhP 3.087 Billion
Total Foreign Selling – (PhP 3.729) Billion
Net Foreign Buying (Selling) – (PhP 0.642) Billion – 4th 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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Stocks may drop on negative market sentiment
November 25, 2019 | 12:01 am
By Denise A. Valdez
Reporter
PHILIPPINE STOCKS are seen to trade lower this week amid negative sentiment caused by developments in the global scene.
The Philippine Stock Exchange index ended flat on Friday with a 5.7-point or 0.07% uptick to 7,824.59. The all shares index inched up 8.28 points or 0.17% to 4,679.04 at the close of last week’s trading.
On a weekly basis, the main index declined 1.65% to 7,824.59 mainly due to the hazy progress of the trade talks between United States and China. This is the second straight week the PSEi recorded a loss.
Value turnover last week climbed to P25.87 billion from P25.77 billion a week ago. Net foreign selling for the week increased to P3.22 billion from P2.43 billion previously.
Last week, Reuters reported that trade experts are flagging the unlikelihood of signing the “phase one” US-China trade deal within the year. US President Donald Trump himself said he finds China is not meeting his expectations in the trade talks.
“This market will not rally until we see a pick up in trading volumes and until investors start to look at economic and corporate fundamentals,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in a market note sent over the weekend.
“Investors continue to focus on the sentiment which has been very grim due to external factors abroad and the uncertainty on the direction of our own economy since last year. Several companies are at multi-year lows which could encourage bargain hunters to start loading up and position themselves for the longer term,” he added.
Mr. Mangun said the Philippine market has been moving sideways all year long and investor optimism is “slowly fading away due to a lack of conviction that the market can go higher.”
“We may see it continue lower and test stronger support levels at the 7,500 area in the coming weeks,” he said.
Online brokerage 2Tradeasia agreed with Mr. Mangun’s thoughts on bargain hunting in the upcoming week.
“Several large caps have breached fresh lows during the week, and most are already trading oversold zones. With seasonal liquidity this December, it would be worth to consider shopping for bargain stocks,” it said.
“While equities may be in competition with the roster of bond issuances from both government and private sectors, not all will be awarded the fixed income float. As such, free cash should find its way into equities than stay idle,” it added.
However, it said foreign investors may remain bearish on the local market, noting the Thanksgiving holiday in US on Nov. 28 and the MSCI rebalancing. The Southeast Asian Games in the Philippines may also sidetrack investors this week.
“Within such lull, it would be good to gradually position on prime stocks ahead of an expected rebound. Immediate support is 7,700, resistance 7,900-7,950,” 2Tradeasia said.
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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.