Top Ten Smart Money Moves – November 25, 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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Top Ten Smart Money Moves – November 25, 2019
Trading Notes for Today – (Based on November 25, 2019 Data)
Total Traded Value – PhP 4.678 Billion – Low
Advances Declines – (Ideal is 2:1) 68 Advances vs. 118 Declines = 1.74:1 Neutral
Total Foreign Buying PhP 2.276 Billion
Total Foreign Selling – (PhP 3.352) Billion
Net Foreign Buying (Selling) – (PhP 1.076) Billion – 5th 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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Shares decline as net foreign selling continues
November 25, 2019 | 9:00 pm
LOCAL SHARES moved down on Monday as foreign investors continued selling their holdings amid concerns in the market.
The bellwether Philippine Stock Exchange index (PSEi) fell 52.97 points or 0.67% to close at 7,771.62 on Monday, while the broader all shares index shed 25.5 points or 0.54% to 4,653.54.
Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a text message yesterday that the market’s decline can be linked to the continuous outflow of foreign funds.
“Net foreign selling today posted P1.08 billion. We’re already running five straight days of foreign fund outflows, three out of which, including today, went beyond the P1 billion mark. This shows that the last MSCI rebalancing results are still weighing on the local bourse,” he said on Monday.
The total net foreign selling of P1.08 billion on Monday is also a jump from Friday’s net outflow of P642.36 million.
“What’s alarming is we closed today below that 7,800 support line. We expect this line to be tested in the next few trading days. Failure to get back above that line would give us a new trading range which is 7,500-7,800,” Mr. Tantiangco added.
For Regina Capital Development Corp. Head of Sales Luis A. Limlingan, the decline of the market was due to developments in the US-China trade talks.
“Philippine shares closed lower after investors shrugged off positive comments on a trade deal by President Donald Trump and his Chinese counterpart Xi Jinping and a better than expected set of flash PMIs (purchasing managers’ index),” Mr. Limlingan said in a mobile message.
Mr. Limlingan was referring to comments of US National Security Advisor Robert C. O’Brien that the “phase one” trade deal with China may still be signed by the end of 2019.
However, Reuters reported Monday that the challenges to conclude the “phase one” trade deal reflects the unlikelihood of a “phase two” agreement, citing officials from both US and China. An unnamed Chinese official was quoted as saying Beijing “can wait” on the trade deal, noting it is US President Donald Trump who wants the agreement anyway.
Despite this development’s effect on the PSE’s main index, most Asian markets ended on green territory on Monday.
Meanwhile, of the sectoral indices at the PSE, only mining and oil advanced as it added 51.24 points or 0.62% to 8,226.67.
The rest declined: industrials by 163.96 points or 1.65% to 9,747.66; property by 36.24 points or 0.89% to 3,996.98; financials by 13.10 points or 0.69% to 1,861.03; services by 8.27 points or 0.53% to 1,541.43; and holding firms by 6.5 points or 0.08% to 7,750.43.
Monday ended with 1.04 billion issues worth P4.68 billion changing hands, down from P5.49 billion on Friday. Stocks that went down outnumbered those that increased, 118 against 68, while 46 ended unchanged. — Denise A. Valdez with Reuters
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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.