Top Ten Smart Money Moves – November 8, 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 8, 2019 Data)
Total Traded Value – PhP 6.834 Billion – Low
Advances Declines – (Ideal is 2:1) 70 Advances vs. 100 Declines = 1.43:1 Neutral
Total Foreign Buying PhP 3.307 Billion
Total Foreign Selling – (PhP 3.792) Billion
Net Foreign Buying (Selling) – (PhP 0.485) Billion – 3rd 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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Stock index to rise further on earnings reports
November 11, 2019 | 12:01 am
By Denise A. Valdez
Reporter
THE MAIN INDEX is seen to keep rising this week, driven by earnings reports from listed banks which analysts expect to have seen gains in the third quarter.
The benchmark Philippine Stock Exchange index (PSEi) closed flat on Friday, inching down 8.05 points or 0.1% to 8,065.76 at the end of last week’s trading.
However, on a weekly basis, it was still 0.69% higher at 8,065.76, as last week also saw a record-breaking performance from the main index when it closed at 8,216.68 on Tuesday — its best finish since July.
Trading volume improved last week to P33.96 billion from the previous week’s P26.26 billion, but offshore investors trimmed their net purchases to P722 million from P1.75 billion in the week prior.
Heading into a new week, AAA Southeast Equities, Inc. Research Head Christopher John Mangun said there is a “strong possibility” that the PSEi will keep moving up, driven by fund inflows from foreign investors.
“We may see it build momentum and trade in a new range… Once investors realize how well our economy has performed and start looking at fundamentals again, we will see investors flood back into this market and take it to new highs,” he said in a market note sent Sunday.
“We are looking to the financials sector to lead the rally as banks will continue to post enormous growth due to rate cuts from the central bank,” he added.
After last week’s positive reports on the easing of October inflation to 0.8% and the robust economic expansion in the third quarter, with gross domestic product growth at 6.2%, analysts are hopeful investors will keep the market’s momentum.
But Diversified Securities, Inc. Equity Trader Aniceto K. Pangan said the market may consolidate from 7,800 to 8,200 as it continues to be “saddled with a lot of offerings.”
He said in a text message he expects this week’s drivers to be “still the developments in the US-China trade negotiation, earnings report of local companies, economic stimulus announcements in China as well as in Europe, & MSCI rebalancing of local companies.”
Next week will also be the last for listed firms to report third-quarter earnings, with the deadline set on Nov. 15.
Mr. Mangun said it is important to watch what happens in the next few weeks as it will determine whether there will be a “Christmas rally” at the local bourse towards the end of the year.
“The main index has traded sideways since the beginning of the year, building momentum for a bigger move. We are still convinced that it is going to be a move higher in the long term despite all the gloom and doom that we are seeing abroad,” he said.
Source: https://www.bworldonline.com/stock-index-to-rise-further-on-earnings-reports/
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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.