Top Ten Smart Money Moves – September 17, 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 September 17, 2019 Data)
Total Traded Value – PhP 5.206 Billion – Low
Advances Declines – (Ideal is 2:1) 126 Declines vs. 73 Advances = 1.73:1 Neutral
Total Foreign Buying PhP 2.955 Billion
Total Foreign Selling – (PhP 3.169) Billion
Net Foreign Buying (Selling) – (PhP 0.214) Billion – first day of Net Foreign Selling after two days 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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Shares yield to fear over Saudi attack’s impact
September 17, 2019 | 9:00 pm
LOCAL SHARES fell on Tuesday, as the attack on key Saudi oil facilities last Saturday is now expected to prod Philippine inflation through higher oil prices.
The 30-member Philippine Stock Exchange index (PSEi) plunged 0.81% or 64.67 points to close at 7,932.23, ending back-to-back gains since Friday. The broader all shares index similarly lost 0.59% or 28.85 points to finish at 4,794.20.
“Geopolitical risks related to the recent attack on Saudi Aramco, which also led to US markets closing in the red last night, prevented the PSEi from inching past the 8,000 mark today,” Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said in an e-mail.
Two major oil facilities of Saudi Arabian firm Aramco were attacked on Saturday morning, halving output of the world’s biggest oil producer and knocking out about 5.7 million barrels a day or five percent of global output.
Oil prices have since soared to their highest levels in more than three decades.
“The Saudi attacks have resulted in a drastic drop in oil supply and consequently pushed oil prices up. As a heavy importer of oil, the Philippines will have to bear the brunt of these higher prices which will push our CPI (consumer price index) up,” PNB Securities, Inc. President Manuel Antonio G. Lisbona said via text.
Bloomberg reported that Aramco believes less than half of the plant’s capacity can be restored quickly, but analysts say full resumption could be “weeks or even months away.”
The PSEi joined overall negativity abroad in the wake of the Saudi attacks. The Dow Jones Industrial Average, the S&P 500 index and the Nasdaq Composite index lost 0.52%, 0.31% and 0.28%, respectively.
In Asia, the Shanghai SE Composite, Hong Kong’s Hang Seng and India’s S&P BSE Sensex index gave up 1.74%, 1.23% and 1.57%, respectively.
Japan’s Nikkei 225 and Topix indices, however, climbed 0.06% and 0.29%, respectively, while South Korea’s Kospi added 0.01%.
Back home, the industrial counter was the lone sectoral index that gained, adding 0.08% or 9.72 points to close 11,061.65.
The rest declined, led by financials which dumped 2.27% or 41.7 points to 1,787.87. Mining and oil dropped 2.17% or 208.23 points to 9,385.40, services went down 0.94% or 15.37 points to 1,606.90, holding firms shed 0.64% or 51.33 points to 7,855.57, while property slipped 0.29% or 12.06 points to 4,056.10.
Turnover remained thin at 720.068 million shares worth P5.21 billion, compared to the previous session’s 942.23 million worth P4.97 billion.
Stocks that lost trumped those that gained 126 to 73, while 45 names ended flat. Foreign investors turned net sellers at P214.15 million, against Monday’s net purchases of P130.40 million.
Fourteen of the 20 most active stocks ended in negative territory, including Phinma Energy, Corp. (down 6.69%), Nickel Asia Corp. (down 4.43%) and BDO Unibank, Inc. (down 3.51%). — Arra B. Francia
Source: https://www.bworldonline.com/shares-yield-to-fear-over-saudi-attacks-impact/
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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.