Top Ten Smart Money Moves – October 16, 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 16, 2019 Data)
Total Traded Value – PhP 5.550 Billion – Low
Advances Declines – (Ideal is 2:1) 87 Advances vs. 93 Declines = 1.07:1 Neutral
Total Foreign Buying PhP 3.600 Billion
Total Foreign Selling – (PhP 2.759) Billion
Net Foreign Buying (Selling) – PhP 0.841 Billion – first 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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Main index recovers, but gains seen tenuous
October 16, 2019 | 9:00 pm
THE Philippine Stock Exchange index (PSEi) recovered on Wednesday from the preceding day’s drop to mark its strongest finish in nearly a month, taking its cue from Wall Street and keeping in step with many Asian peers.
The local benchmark added 74.99 points or 0.95% to close at 7,915.30, while the all shares index climbed 23.37 points or 0.49% to end at 4,763.69.
PSEi’s Wednesday’s finish was just slightly better than Sept. 18’s 7,915.29 and the best closing since Sept. 17’s 7,932.23.
“The stock market rallied today, up by shy of one percent, passing the 7,850 minor resistance… due to optimism in the global market’s earnings season and… anticipation of earnings season in our local bourse as well,” Philstocks Financial, Inc. Research Associate Piper Chaucer E. Tan said in a text message.
Reuters reported that Wall Street advanced on Tuesday on a good start to its third-quarter reporting season, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite climbing 0.89%, one percent and 1.24%, respectively.
Many major Asian bourses followed suit, with Japan’s Nikkei 225 and Topix indices climbing 1.20% and 0.70%, respectively, Hong Kong’s Hang Seng rising 0.47%, South Korea’s KOSPI climbing 0.71% and Singapore’s Straits Times Index adding 0.77%.
On the other hand, the Shanghai SE Composite and India’s S&P BSE Sensex index fell 0.41% and 0.21%, respectively.
AAA Southeast Equities, Inc. Research Head Christopher John Mangun noted that the main index “continues to trade within its congestion area between 7,750 and 7,920.”
“If it fails to break and end above it, we may see it test support in the next few days,” he said in an e-mail. “Although, we may see some excitement from investors as the release of 3Q earnings reports has just began. Nothing happens until we see it break and hold above 8,000.”
All six sectoral indices ended up: property by 62.09 points or 1.5% to 4,175.39, holding firms by 89.95 points or 1.17% to 7,736.78, mining and oil by 56.26 points or 0.62% to 9,086.06, industrials by 48.74 points or 0.45% to 10,750.06, financials by 6.47 points or 0.35% to 1,835.89, and services by 0.37 points or 0.02% to 1,524.35.
Value turnover grew to 715.39 million shares worth P5.55 billion from Tuesday’s 631.01 million shares worth P4.60 billion.
Stocks that declined slightly edged out those that gained 93 to 87, while 62 others closed flat.
Wednesday’s list of 20 most active stocks saw four that ended down: Philippine Seven Corp. by 3.6% to P134 apiece, Puregold Price Club, Inc. by 1.6% to P39.90, Metropolitan Bank & Trust Co. by 0.73% to P68 and Ayala Corp. by 0.06% to P878 each.
Those that gained were led by Phinma Energy Corp. (8.2% to P2.77), JG Summit Holdings, Inc. (4.08% to P73.90) and Ayala Land, Inc. (2.29% to P49.10).
Foreign investors turned bullish again with P841.28-million net buying, turning around from Tuesday’s P347.81-million net selling. — Denise A. Valdez
Source: https://www.bworldonline.com/main-index-recovers-but-gains-seen-tenuous/
=====================================================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.