Top Ten Smart Money Moves – October 31, 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 31, 2019 Data)
Total Traded Value – PhP 7.761 Billion – Low
Advances Declines – (Ideal is 2:1) 78 Advances vs. 100 Declines = 1.28:1 Neutral
Total Foreign Buying PhP 5.015 Billion
Total Foreign Selling – (PhP 4.804) Billion
Net Foreign Buying (Selling) – PhP 0.211 Billion – 4th 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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Shares to climb on positive inflation, GDP data
November 4, 2019 | 12:01 am
By Denise A. Valdez
Reporter
SHARES may rise this week on the release of likely positive October inflation and third-quarter gross domestic product (GDP) data, along with the continuation of corporate earnings filings.
After three straight days of gains, the Philippine Stock Exchange index (PSEi) ended last Thursday’s trading session down 42.94 points or 0.53% to close at 7,977.12. The local bourse was closed on Friday in observance of All Saints’ Day.
On a weekly basis, however, the main index was still able to record a 0.69% growth during the four-day trading week versus the prior week.
Last week also saw the PSEi reach the 8,000 level for the first time since Aug. 2 when it closed at 8,020.06 on Wednesday. However, its immediate surrender the next day showed the market is “not yet prepared for 8,000,” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said last week.
“We still need compelling factors that can lift our market above the crucial resistance line. And these factors may come next week,” Mr. Tantiangco said in a text message Thursday, referring to the October inflation report, third-quarter GDP data and corporate earnings.
The Philippine Statistics Authority is scheduled to release inflation data on Tuesday and GDP data on Thursday. Listed firms will also continue filing their earnings reports until the Nov. 15 deadline.
AAA Southeast Equities, Inc. Research Head Christopher John Mangun named the same factors as among what he expects will influence the local bourse this week. In a market, he said inflation likely remained on a downtrend, while no surprises are expected in the third-quarter GDP data .
“However, the recent pick up in infrastructure spending and consumer spending may have a better than expected effect on growth. This may also give investors an extra boost of confidence to get back into this market,” he said.
Philstocks Financial’s Mr. Tantiangco said if the local data due for release this week will be favorable, there is a chance for the main index to return to the 8,000 level.
“A slower October inflation print and good corporate figures could also give us a boost,” he said.
However, AAA Southeast Equities’ Mr. Mangun warned that the PSEi going above the 8,000 mark could result in sellers overwhelming buyers.
“We need to see a pickup in trading volumes in the coming weeks for this market to rally higher. The current buying pressure is not going to be enough for this market to go higher,” he said.
Turnover value last week stood at P26.26 billion, with foreign inflows logging net purchases worth P1.75 billion.
“Foreign inflows have been an unexpected positive which will help the general sentiment improve if it continues… More foreign inflows may find its way into local equities before the end of the year which may be a pleasant revelation for everyone,” Mr. Mangun said.
Source: https://www.bworldonline.com/shares-to-climb-on-positive-inflation-gdp-data/
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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.