Top Ten Smart Money Moves – October 17, 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 17, 2019 Data)
Total Traded Value – PhP 5.705 Billion – Low
Advances Declines – (Ideal is 2:1) 93 Advances vs. 79 Declines = 1.18:1 Neutral
Total Foreign Buying PhP 3.756 Billion
Total Foreign Selling – (PhP 2.670) Billion
Net Foreign Buying (Selling) – PhP 1.086 Billion – 2nd 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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Bourse extends gains on earnings anticipation
October 17, 2019 | 9:00 pm
THE MAIN INDEX extended gains on Thursday despite slow trading throughout the session, as investors turned bargain hunters in anticipation of corporate earnings reports.
The Philippine Stock Exchange index (PSEi) improved 15.25 points or 0.19% on Wednesday to close at 7,930.55 — again the highest in nearly a month or since Sept. 17’s 7,932.23 — while the all-shares index inched up 7.24 points or 0.15% to 4,770.93.
“Our index ended positive today due to last-minute buying despite the thin volume and weak US retail sales data released last night. The last-minute buying activity could be a bargain-hunting move among investors as they anticipate more earnings disclosure from index stocks,” Timson Securities, Inc. Trader Jervin S. De Celis said in a text message.
US reported a 0.3% drop in retail sales in September, the first fall in seven months, as consumer spending on cars, building materials and online items slowed.
The report dragged Wall Street down during Wednesday’s trading, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite sliding 0.08%, 0.2% and 0.3%, respectively.
Most major Asian bourses followed suit: Japan’s Nikkei 225 and Topix indices by 0.09% and 0.45%, respectively, South Korea’s KOSPI by 0.23%, Singapore’s Straits Times index by 0.41% and China’s Shanghai SE Composite by 0.05%.
On the other hand, Hong Kong’s Hang Seng index gained 0.69% and India’s S&P BSE Sensex index increased by 0.84%.
For Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco, investors abroad helped spur the bourse for the second straight day, with net foreign buying growing 28.55% to P1.08 billion from Wednesday’s P841.28 million.
At the same time he noted the persistently low value turnover at 587.99 million shares worth P5.71 billion from Wednesday’s 715.39 shares worth P5.55 billion.
“Foreign funds… helped today with net foreign inflows amounting to P1.08 billion. Our worry however is the daily value turnover which has been lethargic lately,” Mr. Tantiangco said in a text message.
“So far this week, average value turnover stands at P4.9 billion, lower compared to the year-to-date average of P7.47 billion. This shows that investors are still on a cautious stance, that many are staying on the sidelines waiting for a catalyst, particularly the 3Q company reports.”
Four out of the six sectoral indices gained on Thursday: industrial by 37.03 points or 0.34% to 10,787.09, financials by 12.45 points or 0.67% to 1,848.34, property by 10.59 points or 0.25% to 4,185.98 and services by 1.39 points or 0.09% to 1,525.74.
The remaining two declined: mining and oil by 129.4 points or 1.42% to 8,956.66, and holding firms by 12.77 points or 0.16% to 7,724.01.
More stocks advanced than declined, 93 to 79, while 57 names were unchanged. — Denise A. Valdez
Source: https://www.bworldonline.com/bourse-extends-gains-on-earnings-anticipation/
=====================================================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.