Top Ten Smart Money Moves – November 27, 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 27, 2019
Total Traded Value – PhP 7.679 Billion – Low
Advances Declines – (Ideal is 2:1) 102 Advances vs. 77 Declines = 1.32:1 Neutral
Total Foreign Buying PhP 4.084 Billion
Total Foreign Selling – (PhP 5.135) Billion
Net Foreign Buying (Selling) – (PhP 1.051) Billion – 7th 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 up on window dressing, trade deal hopes
November 27, 2019 | 9:00 pm
By Denise A. Valdez, Reporter
THE PHILIPPINE Stock Exchange index (PSEi) rebounded on Wednesday as investors begin an anticipated Christmas rally, driven by optimism on positive developments in the Sino-US trade talks.
The local bourse’s main index surged 129.09 points or 1.68% to close at 7,836.89 on Wednesday. The broader all shares index likewise jumped 58.64 points or 1.26% to 4,685.
“Post MSCI rebalancing, shares we heavily bought up by the market as investors brace for window dressing and the beginning on the Christmas rally,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message yesterday.
The PSEi recorded two straight days of decline in this week’s trading before it went back to green territory on Wednesday. Aside from the anticipation of a Christmas upturn, Mr. Limlingan said local shares climbed due to optimism on the US-China trade negotiations. Foreign news outlets reported late Tuesday that the trade deal is close to its conclusion, citing US President Donald Trump as saying Washington is in its “final throes” with regard the “phase one” trade agreement.
Wall Street was upbeat on the developments, closing Tuesday’s trading with a 0.20%, 0.22% and 0.18% growth on the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite, respectively.
This performance of Wall Street led to the increase of the PSEi, Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a text message, adding that investors took cues from US stocks’ “record-high performance overnight.”
“At the same time, with the MSCI rebalancing having taken full effect already, investors took the chance to hunt for bargains in the local market,” he added.
Almost all sectoral indices at the local bourse rose on Wednesday. Financials increased 47.78 points or 2.59% to 1,891.17; property gained 102.56 points or 2.59% to 4,049.16; industrials jumped 183.27 points or 1.88% to 9,884; holding firms added 62.74 points or 0.81% to 7,750.97; and mining and oil gained 14.85 points or 0.17% to 8,452.11.
The sole sectoral index that declined was services, which fell 7.11 points or 0.45% to end at 1,540.93.
Value turnover on Wednesday dropped to P7.68 billion from P21.16 billion on Tuesday, with 1.82 billion issues changing hands.
Stocks that increased outnumbered those that declined, 102 against 77, while 54 ended unchanged.
Offshore investors remained bearish, although net foreign selling was trimmed to P1.05 billion from P4.80 billion on Tuesday.
“Resistance should the recovery continue for the last two days of the week would be at the critical 8,000 level once again. This could be reachable if foreign selling finally abates,” Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said in an e-mail.
https://www.bworldonline.com/shares-up-on-window-dressing-trade-deal-hopes/
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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.