Top Ten Smart Money Moves – October 21, 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 21, 2019 Data)
Total Traded Value – PhP 3.350 Billion – Low
Advances Declines – (Ideal is 2:1) 86 Advances vs. 98 Declines = 1.14:1 Neutral
Total Foreign Buying PhP 1.914 Billion
Total Foreign Selling – (PhP 1.917) Billion
Net Foreign Buying (Selling) – (PhP 0.003) Billion – 2nd 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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Investor caution, thin volume make PSE end flat
October 21, 2019 | 9:00 pm
THE MAIN INDEX ended flat on the first day of this week’s trading amid lack of clear leads and persistently low volumes.
The benchmark Philippine Stock Exchange index (PSEi) inched up 0.07% or 5.90 points to close at 7,891.13 on Monday, while the broader all-shares index lost 0.02% or 1.29 points to 4,753.75.
Timson Securities, Inc. Trader Jervin S. de Celis said trading was slow in the morning and afternoon sessions until last-minute buying of shares of Ayala Corp. and SM Investments Corp. helped the market pick up. Ayala and SM Investments closed 0.53% and 0.20% higher, respectively. “This flat performance may be implying that investors are staying cautious in the absence of fresh local catalysts despite the overseas news about trade wars,” he said in a mobile phone message.
Research Associate Piper Chaucer E. Tan of Philstocks Financial, Inc. said lackluster trading was due to investors’ anticipation of third-quarter earnings and minimal impact of foreign markets. “The market today has been muted… due to investors’ sentiments… waiting for the earnings…” Mr. Tan said via text. “Overseas markets are not much of an effect right now since US markets are focused on earnings as well.”
Reuters reported that negative news about Johnson & Johnson and Boeing, as well as China’s slowing economy weighed on Wall Street on Friday, sending the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite down 0.95%, 0.39% and 0.83%, respectively.
Most major Asian markets gained yesterday, with Japan’s Nikkei 225 and Topix indices adding 0.25% and 0.41%, respectively, while India’s S&P BSE Sensex index, South Korea’s KOSPI and Singapore’s Straits Times index climbed 0.63%, 0.20% and 0.96%, respectively. Shanghai SE Composite, Hong Kong’s Hang Seng Index ended flat at 0.05% and 0.02%, respectively.
At the PSE, the six sectoral indices were equally divided between those that gained and those that lost. Those that gained consisted of industrials that went up by 47.1 points or 0.44% to 10,690.11, financials that added 15.55 points or 0.84% to 1,856.81 and services which increased by 6.68 points or 0.43% to 1,536.93. Those that fell were mining and oil by 35.93 points or 0.4% to 8,871.42, property by 32.66 points or 0.78% to 4,144.59 and holding firms by 5.28 points or 0.06% to 7,671.61.
Trading volume on Monday reached 403.794 million shares worth P3.35 billion, compared to last Friday’s 830.78 million shares worth P5.47 billion.
“Drastically low volume of only P3 billion (ex-blocks) plagued the PSEi once again today on a lack of catalysts,” Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said in an e-mail, putting resistance level at 7,900-8,000 until there are compelling developments in the US market and local third-quarter earnings.
Mr. De Celis of Timson Securities expects trading volume to pick up pace next month “in anticipation of the 3Q GDP (gross domestic product) data as well as the MSCI rebalancing.”
More shares declined than improved, 98 to 86, while 59 names closed flat. Monday saw the second trading day of net foreign selling at P2.97 million from Friday’s P244.46 million. — Denise A. Valdez
Source: https://www.bworldonline.com/investor-caution-thin-volume-make-pse-end-flat/
Investor caution, thin volume make PSE end flat
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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.