Top Ten Smart Money Moves – October 23, 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 23, 2019 Data)
Total Traded Value – PhP 4.672 Billion – Low
Advances Declines – (Ideal is 2:1) 82 Advances vs. 91 Declines = 1.11:1 Neutral
Total Foreign Buying PhP 3.051 Billion
Total Foreign Selling – (PhP 1.914) Billion
Net Foreign Buying (Selling) – PhP 1.137 Billion – 2nd 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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Bourse gives up gains but stays above 7,900
October 23, 2019 | 9:00 pm
THE Philippine Stock Exchange index (PSEi) retreated on Wednesday due to a lack of domestic leads to counter the impact of declines on Wall Street and elsewhere in Asia due to another Brexit setback, but stayed above 7,900.
PSEi gave up 21.48 points or 0.27% to finish at the day’s peak of 7,933.76, while the all-shares index dropped 5.91 points or 0.12% to end 4,778.20.
“The PSEi resumed its drop today probably due to Wall Street’s lackluster performance last night and the absence of fresh catalysts here in the PH market. The mood among market participants remain subdued as we wait for more bluechip stocks to release their 3Q earnings result,” Timson Securities, Inc. Equity Trader Jervin S. de Celis said in a mobile phone message.
Regina Capital Development Corp. Head of Sales Luis A. Limlingan noted via text that “Philippines shares closed lower as investors pored through a slew of key earnings, the Sino-US trade talks continue, and as UK lawmakers debated Prime Minister Boris Johnson’s EU Withdrawal Agreement Bill.”
Reuters reported that Wall Street ended lower on Tuesday after British lawmakers rejected the government’s proposed timetable for passing legislation to ratify its deal to exit the European Union: the Dow Jones Industrial Average by 0.15%, the S&P 500 by 0.36% and the Nasdaq Composite by 0.72%.
Other major Asian bourses were mixed, with Japan’s Nikkei 225 and TOPIX indices gaining 0.34% and 0.59%, respectively, and India’s S&P BSE Sensex index adding 0.45%, while the MSCI Asia APEX 50 gave up 0.6%. The Shanghai SE Composite dropped 0.43%; Hong Kong’s Hang Seng fell by 0.82%; South Korea’s KOSPI went down 0.39%; and Singapore’s Straits Times Index lost 0.55%.
Only two of the six sectoral indices at home gained: mining & oil by 58.30 points or 0.64% to 9,074.90 and property by 15.28 points or 0.36% to 4,180.88.
The rest dropped: financials by 13.97 points or 0.74% to 1,859.54, services by 6.22 points or 0.4% to 1,531.01, industrials by 34.23 points or 0.32% to 10,634.70 and holding firms by 21.47 points or 0.27% to 7,750.76.
Stocks that declined beat those that advanced 91 to 82, while 61 others ended flat. Wednesday’s list of most active stocks showed six that gained, led by Semirara Mining and Power Corp. (1.73% to P23.50 apiece) and Globe Telecom, Inc. (1.27% to P1,920 each). The 12 that lost included Metro Pacific Investments Corp. (-1.8% to P4.90), Universal Robina Corp. (-1.13% to P157.20) and BDO Unibank, Inc. (-1.08% to P146.80). Two closed flat: SM Investments Corp. at P1,014 apiece and AllHome Corp. at P11.56 each.
Volume totaled 1.17 billion shares worth P4.67 billion, compared to Tuesday’s 368.70 million worth P6.04 billion.
Investors abroad stayed predominantly optimistic for the second day, increasing net buying sevenfold to P1.14 billion from Tuesday’s P156.50 million. — V. M. P. Galang
Source: https://www.bworldonline.com/bourse-gives-up-gains-but-stays-above-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.