Top Ten Smart Money Moves – November 6, 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 6, 2019 Data)
Total Traded Value – PhP 5.889 Billion – Low
Advances Declines – (Ideal is 2:1) 74 Advances vs. 109 Declines = 1.47:1 Neutral
Total Foreign Buying PhP 2.556 Billion
Total Foreign Selling – (PhP 3.531) Billion
Net Foreign Buying (Selling) – (PhP 0.975) Billion – first day of Net Foreign Selling after 6 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:
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Stocks sink on cautiousness ahead of GDP data
November 6, 2019 | 9:00 pm
LOCAL SHARES took a nosedive on Wednesday as investors went on a selling spree ahead of the announcement of third-quarter gross domestic product (GDP) data on Thursday.
The Philippine Stock Exchange index (PSEi) gave up 190.80 points or 2.32% to close at 8,025.88, as the broader all-shares index lost 83.01 points or 1.69% to 4,804.36.
“[T]he main index was the worst performer in Asia, by far, wiping out all of yesterday’s advances and even taking back some of Monday’s gains,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail Wednesday.
“We have just witnessed the massive selling pressure that always came as the PSEi got above 8,000. Perhaps investors are anticipating lower than expected GDP numbers and nobody wants to be left holding the bag,” he added.
The government is set to release third-quarter economic growth data on Thursday, which economists are expecting to reflect a recovery due to the increased household consumption and state spending during the period, based on a poll by BusinessWorld last week.
The poll of 13 economists on the third-quarter GDP showed a median estimate of 6%, improving from second quarter’s 5.5% and first quarter’s 5.6%.
But investors seem worried about the announcement. Timson Securities, Inc. Trader Jervin S. de Celis said the selling of shares in blue-chip stocks yesterday primarily caused the downfall of the PSEi.
“The PSEi succumbed to a profit taking today as heavy selling of shares in index heavyweights such as ALI, SM, SMPH, AC (Ayala Land, Inc.; SM Investments Corp.; SM Prime Holdings, Inc.; and Ayala Corp.) dragged the index. Investors may have taken some profits a day ahead of the GDP and MSCI index announcement,” he said in a text message on Wednesday.
Shares in ALI, SM, SMPH and AC declined by 4.08%, 3.12%, 4.43% and 1.71% yesterday, respectively.
Sectoral indices ended in the red. Property fell 154.98 points or 3.62% to 4,119.20; holding firms dropped 190.45 points or 2.34% to 7,922.14; financials shed 28.75 points or 1.46% to 1,935.76; industrials declined 120.56 points or 1.13% to 10,503.14; services decreased 7.84 points or 0.5% to 1,547.16; and mining and oil slid 27.63 points or 0.3% to 9,134.71.
Value turnover dropped to P5.89 billion from Tuesday’s P9.55 billion, with 595.80 million issues changing hands.
More stocks declined than advanced yesterday, 109 against 74, while 49 names were unchanged.
Foreign investors turned bearish after six straight days of optimism, as the local bourse saw a net selling of P975.03 million on Wednesday, a reversal of the P1.22 billion in net purchases seen the previous day.
“If the 8,000 key level does not hold in the next few days, all bets are off and the rally is over,” Mr. Mangun of AAA Southeast Equities said. — Denise A. Valdez
Source: https://www.bworldonline.com/stocks-sink-on-cautiousness-ahead-of-gdp-data/
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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.