Top Ten Smart Money Moves – October 10, 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 October 9, 2019 Data)
Total Traded Value – PhP 4.795 Billion – Low
Advances Declines – (Ideal is 2:1) 60 Advances vs. 114 Declines = 1.90:1 Neutral
Total Foreign Buying PhP 1.541 Billion
Total Foreign Selling – (PhP 3.409) Billion
Net Foreign Buying (Selling) – (PhP 1.868) Billion – first day of Net Foreign Selling after 2 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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Shares rebound as US, China start negotiations
October 10, 2019 | 9:00 pm
SHARES recovered in yesterday’s trading amid optimism on the results of the trade negotiations between United States and China.
The bellwether Philippine Stock Exchange index (PSEi) saw an increase of 1.09% or 83.78 points to close at 7,765.03 on Thursday, while the all shares index climbed 0.77% or 35.91 points to 4,691.90.
“Philippine shares rose on hopes of progress in US-China trade talks, though stocks pared some gains after Chinese officials said Beijing had lowered expectations for negotiations this week,” Luis A. Limlingan, head of sales at Regina Capital Development Corp., said in a mobile message.
“The strong rally tailed off towards the last 15 minutes of trade after preliminary talks on the deputy level yielded no result on the trade talk,” he added. “A limited agreement and no additional tariffs would be a modestly positive development for risk assets.”
Eagle Equities, Inc. Research Head Christopher John Mangun shared this sentiment, saying in an e-mail on Thursday: “They are set to meet later tonight to try and avoid a scheduled Oct. 15 tariff rate increase on $250 billion worth of Chinese goods. Beijing offered to increase soybean purchases as a peace offering ahead of the high-level trade talks which also gave investors some relief.”
The United States’ and China’s top trade negotiators were set to meet on Thursday for the first time since late July to try to find a way out of a 15-month trade war as new irritants between the world’s two largest economies threatened hopes for progress.
Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will seek to narrow differences enough to avoid a scheduled Oct. 15 tariff rate increase on $250 billion worth of Chinese goods.
Most Southeast Asian markets held steady on Thursday, as investors remained cautious as neither Washington nor Beijing had shown signs of giving ground at the trade negotiations.
US S&P 500 mini futures tumbled after media reports cited that no progress was made in the deputy-level trade talks, and that the Chinese delegation was planning to leave Washington on Thursday after just one day of high-level talks, instead of Friday as originally planned.
Back home, all sectoral indices ended in the green, led by financials which climbed 1.75% or 31.22 points to 1,812.05 and property which moved up 1.34% or 54.03 points to 4,073.45. Services rose 0.87% or 13.15 points to 1,512.11; industrials which improved 0.6% or 63.23 points to 10,586.56; holding firms added 0.49% or 37.31 points to 7,576.45; and mining and oil jumped 0.4% or 36.72 points to 9,109.74.
Value turnover ballooned to P14.46 billion yesterday from the P4.80 billion logged on Wednesday, as 1.36 billion issues changed hands.
Advancers outnumbered decliners, 93 to 78, while 53 names closed unchanged.
Foreign investors were net buyers on Thursday with net inflows totaling P5.07 billion versus the previous session’s net sales worth P1.87 billion. — Denise A. Valdez with Reuters
Source: https://www.bworldonline.com/shares-rebound-as-us-china-start-negotiations/
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In line with our VISION, A RESPONSIBLE 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.