Top Ten Smart Money Moves – October 3, 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 3, 2019 Data)
Total Traded Value – PhP 8.298 Billion – Medium
Advances Declines – (Ideal is 2:1) 141 Declines vs. 42 Advances = 3.36:1 Bearish
Total Foreign Buying PhP 3.846 Billion
Total Foreign Selling – (PhP 5.109) Billion
Net Foreign Buying (Selling) – (PhP 1.263) Billion – 7th day of Net Foreign Selling after a day 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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Trade war escalation drags PSEi to 7,500 level
October 3, 2019 | 9:00 pm
By Arra B. Francia
Senior Reporter
THE MAIN INDEX spiraled down to the 7,500 level on Thursday, after the United States planned to raise tariffs on $7.5 billion of European goods, escalating the global trade war.
The bellwether Philippine Stock Exchange index (PSEi) plunged 0.85% or 65.13 points to 7,545.55 yesterday, extending losses to the fifth session. The broader all-shares index likewise fell 0.68% or 31.67 points to 4,604.01.
“The local market joins its regional peers in the sell-off amid renewed global economic worries and US-EU trade concerns,” Philstocks Financial, Inc. said in a market note.
US President Donald J. Trump secured clearance from the World Trade Organization (WTO) to impose tariffs on European Union goods such as aircraft and agricultural products. This came after a WTO ruling over illegal subsidies for plane-makers Airbus and Boeing.
The additional tariffs are set to take effect on Oct. 18, further dampening investor sentiment which is already affected by slowing global growth.
Wall Street indices tanked after the announcement. The Dow Jones Industrial Average plummeted 1.86% or 494.42 points to 26,078.62; the S&P 500 index fell 1.79% or 52.64 points to 2,887.61; while the Nasdaq Composite index shed 1.56% or 123.44 points to 7,785.25.
Asian markets followed suit, with Japan’s Nikkei 225 down 2.01% or 436.87 points to 21,341.74. Its Topix index likewise declined 1.72% to 1,568.87, while South Korea’s Kospi index also dropped 1.95%. Chinese indices remained closed for its week-long celebration of their country’s foundation anniversary.
Meanwhile, AAA Southeast Equities, Inc. Research Head Christopher John Mangun pointed out that the 7,500 mark is the same level the local bourse was hovering in at the start of the year.
“The last time it came down to this level back in May, we then saw a rally of at least 500 points. If this level down not hold, then we may end the year closer to the 7,000 level…After five consecutive days of losses, tomorrow may be the day we end in the green,” Mr. Mangun said in an e-mail on Thursday.
Four sectoral indices moved to negative territory, led by property which retreated 2.18% or 87.12 points to 3,897.50. Holding firms fell 1.27% or 95.65 points to 7,434.48; financials went down 0.55% or 9.71 points to 1,752.46; while mining and oil slipped 0.09% or 7.90 points to 8,665.42.
In contrast, industrials climbed 0.81% or 83.87 points to 10,338.64, while services rose 0.65% or 9.77 points to 1,502.66.
Turnover improved to P8.30 billion after some 570.16 million issues switched hands, against the previous session’s P6.14 billion.
Decliners outpaced advancers, 141 to 42, while 58 names ended flat.
Net foreign selling swelled to P1.26 billion from P497.98 million on Wednesday.
Source: https://www.bworldonline.com/trade-war-escalation-drags-psei-to-7500-level/
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In line with our VISION, A RESPONSIBLE 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.