Top Ten Smart Money Moves – October 22, 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 22, 2019 Data)
Total Traded Value – PhP 6.045 Billion – Low
Advances Declines – (Ideal is 2:1) 85 Advances vs. 94 Declines = 1.11:1 Neutral
Total Foreign Buying PhP 3.136 Billion
Total Foreign Selling – (PhP 2.979) Billion
Net Foreign Buying (Selling) – PhP 0.157 Billion – first day of Net Foreign Buying after 2 days 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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Trade optimism fuels bourse’s climb past 7,900
October 22, 2019 | 9:00 pm
LOCAL SHARES increased on Tuesday as trading volumes improved and investors reacted on renewed hopefulness over the trade talks between United States and China.
The Philippine Stock Exchange index (PSEi) jumped 64.11 points or 0.81% to close at 7,955.24, while the broader all shares index advanced 30.36 points or 0.63% to end at 4,784.11.
“Global equities markets inched higher as investors remain optimistic on a fair deal between China and the US. Chinese Vice-Foreign Minister Le Yucheng said earlier today that any problem could be resolved if both sides respected each other… Here at the PSE, the main index ended higher on average trading volumes,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail.
Regina Capital Development Corp. Head of Sales Luis A. Limlingan noted in a mobile phone message that “[s]hares traded higher today on stronger activity, boosted by optimism around US-China trade talks as well as the corporate earnings season.”
US President Donald Trump said talks on a prospective Sino-US trade deal were “coming along very well,” Reuters reported.
The development lifted major Wall Street indices, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite gaining 0.21%, 0.69% abd 0.91%, respectively.
Much of Asia followed suit: Japan’s Nikkei 225 and TOPIX by 0.25% and 0.41%, respectively, the Shanghai SE Composite by 0.5%, Hong Kong’s Hang Seng by 0.23%, South Korea’s KOSPI by 1.16% and Singapore’s Straits Times index climbed 0.77%.
“Regional stocks also closed higher on gains by rotation into value stocks, despite fresh uncertainty as UK leader Boris Johnson was denied a parliamentary vote on his Brexit deal,” Mr. Limlingan added.
Only one sectoral index at home dropped: industrial, by 21.18 points or 0.19% to 10,668.93.
The rest picked up: mining and oil by 145.18 points or 1.63% to 9,016.60, holding firms by 100.62 points or 1.31% to 7,772.23, property by 21.01 points or 0.5% to 4,165.60, financials by 16.7 points or 0.89% to 1,873.51 and services by 0.3 points or 0.02% to 1,537.23.
Value turnover improved to 368.70 million shares worth P6.04 billion compared to Monday’s 403.79 million shares worth P3.35 billion.
“Trading volumes picked up today because of several cross trades done by a handful of brokerages. Selling pressure has been very light since last week which has allowed bargain hunters to have a bigger effect on price movements,” Mr. Mangun said. “If the index can sustain this momentum, we may see (the PSEi) break above 8,000 before the end of the week. However, profit-taking and an increase of selling pressure will take all gains back and test stronger support levels.”
Stocks that lost beat those that gained 94 to 85, while 61 others ended flat. Foreign investors turned bullish with net buying at P156.50 million from Monday’s net selling of P2.97 million. — Denise A. Valdez
Source: https://www.bworldonline.com/trade-optimism-fuels-bourses-climb-past-7900/
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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.