Top Ten Smart Money Moves – October 8, 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 8, 2019 Data)
Total Traded Value – PhP 6.951 Billion – Low
Advances Declines – (Ideal is 2:1) 116 Advances vs. 66 Declines = 1.76:1 Neutral
Total Foreign Buying PhP 4.083 Billion
Total Foreign Selling – (PhP 4.078) Billion
Net Foreign Buying (Selling) – PhP 0.005 Billion – 2ND day of Net Foreign Buying after 8 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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Shares rebound ahead of US-China trade talks
October 8, 2019 | 9:00 pm
By Denise A. Valdez, Reporter
THE BENCHMARK INDEX rebounded yesterday ahead of the fresh round of trade negotiations between the United States and China scheduled later this week.
The Philippine Stock Exchange index (PSEi) gained 73.50 points or 0.95% on Tuesday to close at 7,756.72, as the broader all shares index climbed 22.22 points or 0.47% to 4,688.39.
“The trade talk between US and China on Thursday as well as the low prices of stocks due to the sell off last week may have probably influenced investors to hunt bargain stocks,” Timson Securities, Inc. Trader Jervin S. de Celis said in a text message on Tuesday.
The two economic giants are scheduled to resume trade talks this week, which Bloomberg reported will likely veer away from discussions on reforming Chinese industrial policy and government subsidies.
“Investors are…anticipating that if the two countries strike a good deal, then that should bolster market sentiment ahead of the corporate earnings release in November and that will somehow alleviate worries on the condition of the global economy in the middle of the trade war between US and China,” Mr. De Celis said.
For Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco, the market was also affected by positive data from the central bank on Monday. The Bangko Sentral ng Pilipinas reported that the country’s gross international reserves (GIR) climbed to a record-high $86.163 billion at end-September.
“The market’s gains today can be attributed to our record high gross international reserves as of end of September 2019. With a high GIR level, our currency can be protected from external shocks. A stable currency in return would help boost our local market,” Mr. Tantiangco said on Tuesday.
Buying activity in shares of SM Investments Corp. (SM), Ayala Corp. (AC), Jollibee Foods Corp. (JFC) and BDO Unibank, Inc. (BDO) also drove up the main index, as the consolidated growth of the four firms reached 56 points at the end of yesterday’s trading.
Most sectoral indices moved up on Tuesday, with mining and oil leading the pack with a 174.45-point increase or 1.94% to end at 9,157.67.
Holding firms followed as it added 134.79 points or 1.79% to 7,639.04, while industrials rose 133.95 points or 1.28% to 10,594.84.
Property shares also picked up by 9.36 points or 0.23% to 4,043.91 and financials added 2.41 points or 0.13% to 1,792.41.
The lone declining sectoral index was services, which fell 2.93 points or 0.19% to close the session at 1,513.45.
Trading volume increased to 1.02 billion yesterday, with a total value of P6.95 billion, higher than Monday’s P5.84 billion worth of shares.
Advancers outpaced decliners, 116 to 66, while 51 names closed unchanged.
Source: https://www.bworldonline.com/shares-rebound-ahead-of-us-china-trade-talks/
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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.