Top Ten Smart Money Moves – November 4, 2020
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.
================================
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, learn about the best paycheck stubs solutions: “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, check out the best budgeting apps.
According to online brokers, 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. Video consumption has now become our lifestyle with the fact that 54% consumers like to see videos from brands they follow. Video production consumption has increased rapidly from past 2 years to a level that 87% of marketers are relying on the same. Whether its entertainment, news, sports, or any other content, video has overpowered all the fields.
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.
========================================================
Trading Notes for Today – (Based on November 4, 2020 Data)
Total Traded Value – PhP 7.245 Billion – Low
Advances Declines – (Ideal is 2:1) 135 Advances vs. 73 Declines = 1.85:1 Neutral
Total Foreign Buying PhP 2.310 Billion
Total Foreign Selling – (PhP 2.741) Billion
Net Foreign Buying (Selling) – (PhP 0.431) Billion – 5th day of Net Foreign Selling after 5 days 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:
==================================================
Shares rally as markets await results of US vote
November 4, 2020 | 9:00 pm
By Denise A. Valdez, Senior Reporter
PHILIPPINE SHARES moved in step with the acceleration of global equities as investors kept a close watch on the United States (US) election results on Wednesday.
The bellwether Philippine Stock Exchange index (PSEi) jumped 128.49 points or 2.02% to close the session at 6,464.05. The broader all shares index likewise grew 59.14 points or 1.56% to end at 3,848.61.
“The local market surged 2.03% following the overnight rally of the US markets with DJIA (Dow Jones Industrial Average) jumping more than 500 points as investors await the election results in the US,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a text message.
On Tuesday’s election day, Wall Street rode a wave that brought the DJIA, S&P 500 and Nasdaq Composite indices up 2.06%, 1.78% and 1.85%, respectively.
As the US election results would have a direct impact on the global economy as well, other markets across the globe were likewise closely watching the results of the vote.
“Philippine shares jumped on Wednesday as investors hoped a clear winner would emerge from the US presidential election and a delayed, or contested, result would be avoided,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message.
Ballots were still being counted at the close of the local market, as this year’s election accommodated more absentee and by-mail votes.
“So far, Asian markets as well are in the green, also waiting for the US election results. Investors are closely monitoring it since whoever wins, it would have an impact on the global economy,” Philstocks’ Ms. Alviar said.
Apart from the US election, a local catalyst for Wednesday’s trading was the release of September trade data, which showed the trade gap was reduced on the back of export recovery.
“[G]rowth in export and contraction slowdown of import have also spurred positive sentiment… It may imply that domestic demand is slowly picking up again,” she said.
All sectoral indices ended Wednesday’s trading higher: mining and oil by 205.26 points or 2.7% to 7,790.96; holding firms by 154.93 points or 2.34% to 6,761.74; property by 64.06 points or 2.12% to 3,083.42; financials by 21.46 points or 1.72% to 1,263.08; industrial by 146.45 points or 1.71% to 8,704.15; and services by 12.23 points or 0.84% to 1,454.97.
Some 2.34 billion issues valued at P7.25 billion switched hands on Wednesday, against the previous day’s 4.2 billion issues worth P6.6 billion.
Advancers outnumbered decliners, 135 against 73, while 46 names ended unchanged.
Net foreign selling was trimmed to P431.49 million on Wednesday from P1.14 billion in the previous session.
“The market stays above 6,200 given the lingering optimism and participation of investors,” Ms. Alviar said.
Source: https://www.bworldonline.com/shares-rally-as-markets-await-results-of-us-vote/
=====================================================
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)
===================================================
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.