Top Ten Smart Money Moves – November 5, 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 5, 2019 Data)
Total Traded Value – PhP 9.547 Billion – Medium
Advances Declines – (Ideal is 2:1) 94 Advances vs. 95 Declines = 1.01:1 Neutral
Total Foreign Buying PhP 6.384 Billion
Total Foreign Selling – (PhP 5.162) Billion
Net Foreign Buying (Selling) – PhP 1.222 Billion – 6th 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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October inflation good news fuels bourse’s climb
November 5, 2019 | 9:00 pm
THE MAIN INDEX on Tuesday logged its best finish in more than three months on optimism fueled by an official report showing easing October inflation that met market expectations and more good news on the Sino-US trade front.
The Philippine Stock Exchange index (PSEi) gained 157.03 points or 1.94% to close at 8,216.68 on Tuesday, its best performance since Jul. 25, when it closed at 8,272.18. The all-shares index similarly increased by 55.67 points or 1.15% to end at 4,887.37.
“Philippine shares climbed astronomically, amid continued optimism about a near-term US-China trade resolution and PH inflation hitting below one percent once again for October,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile phone message.
The government on Tuesday morning reported that October headline inflation clocked in at 0.8% — the median of estimates by analysts polled by BusinessWorld late last week — marking the fifth straight month of slowdown and the slowest clip in nearly three-and-a-half years or since April 2016’s 0.7%.
Reuters reported US and China are looking at reducing more tariffs as part of the first phase of a trade deal that is expected to be signed later this month. This is expected to remove US tariffs on about $156 billion worth of Chinese imports. Moreover, Commerce Secretary Wilbur Ross said on Sunday that licenses for US firms to sell components to blacklisted Huawei Technologies Co. Ltd. would come “very shortly.”
That news fueled Wall Street’s climb, driving the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite up 0.42%, 0.37% and 0.56%, respectively on Monday.
Major Asian markets also cheered the trade development, with Japan’s Nikkei 225 and Topix indices rising 1.76% and 1.66%, respectively; the Shanghai SE Composite index climbing 0.54%, Hong Kong’s Hang Seng gaining 0.49%, South Korea’s KOSPI increasing 0.58% and Australia’s S&P/ASX 200 going up 0.15%.
Tuesday saw only mining and oil among the six Philippine sectoral indices decline — by 166.26 points or 1.78% to 9,162.34.
The rest gained: holding firms by 251.33 points or 3.19% to 8,112.59, property by 53.61 points or 1.27% to 4,274.18, industrials by 24.93 points or 0.23% to 10,623.70, financials by 21.39 points or 1.1% to 1,964.51 and services by 16.83 points or 1.09% to 1,555.
For Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco, corporate earnings reports helped lift market sentiment, citing results of the likes of SM Prime Holdings, Inc.
Tuesday closed with 651.15 million shares worth P9.55 billion changing hands, compared to Monday’s 1.15 billion shares worth P6.58 billion. Stocks that declined edged out those that gained, 95 to 94, as 54 others ended flat.
Mr. Tantiangco said via text that if third-quarter gross domestic product data due Nov. 7 “would meet or exceed investors’ expectations, then the market could sustain its current position.” — Denise A. Valdez
Source: https://www.bworldonline.com/october-inflation-good-news-fuels-bourses-climb/
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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.