Top Ten Smart Money Moves – November 4, 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 4, 2019 Data)
Total Traded Value – PhP 6.575 Billion – Low
Advances Declines – (Ideal is 2:1) 120 Advances vs. 62 Declines = 1.94:1 Neutral
Total Foreign Buying PhP 4.407 Billion
Total Foreign Selling – (PhP 3.403) Billion
Net Foreign Buying (Selling) – PhP 1.004 Billion – 5th day of Net Foreign Buying after a day 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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PSEi returns above 8,000 on earnings optimism
November 4, 2019 | 9:00 pm
THE MAIN INDEX returned above the 8,000 level on positive corporate earnings reports at home as well as signs of improving US economic and global trade prospects.
The Philippine Stock Exchange index (PSEi) shot up 82.53 points or 1.03% to close at 8,059.65 on Monday, as the broader all shares index rose 44.25 points or 0.92% to 4,831.70.
Timson Securities, Inc. Trader Jervin S. De Celis attributed Monday’s gains to positive market sentiment fueled by earnings reports, which came ahead of the October inflation and gross domestic product (GDP) data scheduled to be released this week. “SM Prime (Holdings, Inc.) and Security Bank (Corp.) disclosed their earnings which are above estimates, while the (Bangko Sentral ng Pilipinas) has stated that full year inflation and GDP (gross domestic product growth) are poised to settle at 2.5% and six percent (respectively), still one of the fastest GDP growth in Asia,” Mr. De Celis said in a mobile phone message.
SM Prime reported its net income increased 22% to P8.3 billion in the third quarter, while Security Bank’s net income jumped 22% to P2.7 billion in the same period. SM Prime shares gained 1.28% to P39.50 apiece while those of Security Bank went up 2.41% to P204 each at the end of Monday’s session.
For Luis A. Limlingan, head of sales at Regina Capital Development Corp., the lift at the PSEi was also influenced by “much stronger-than-expected US jobs data and optimism over the trade negotiation between China and US.” The US government reported late last week the generation of 128,000 jobs in October. That fueled Wall Street’s rise on Friday, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite climbing 1.11%, 0.97% and 1.13%, respectively. Also on Friday, the United States and China said they were inching closer to an agreement to end their trade war.
Most major Asian markets followed suit on Monday, with the Shanghai SE Composite index, Hong Kong’s Hang Seng, South Korea’s KOSPI index, India’s S&P BSES Sensex, Australia’s S&P/ASX 200 and Singapore’s Straits Times index moving up 0.58%, 1.65%, 1.43%, 0.41%, 0.27% and 0.2% respectively. Japanese markets were closed on a holiday.
Back home, all six sectoral indices moved up at the close of Monday’s session: industrial by 127.83 points or 1.22% to 10,598.77, mining and oil by 112.08 points or 1.21% to 9,328.60, property by 48.28 points or 1.15% to 4,220.57, holding firms by 30.96 points or 0.39% to 7,861.26, services by 25.12 points or 1.66% to 1,538.17 and financials by 24.72 points or 1.28% to 1,943.12.
Value turnover amounted to 1.15 billion shares worth P6.58 billion, compared to Thursday’s 1.10 billion shares worth P7.76 billion. Stocks that gained were nearly double those that lost 120 to 62, while 41 others ended flat.
Foreign investors were predominantly bullish for the fifth straight trading day, ending Monday with P1-billion net buying. — Denise A. Valdez
Source: ttps://www.bworldonline.com/psei-returns-above-8000-on-earnings-optimism/
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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.