Top Ten Smart Money Moves – September 18, 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 18, 2019 Data)
Total Traded Value – PhP 6.738 Billion – Low
Advances Declines – (Ideal is 2:1) 107 Declines vs. 90 Advances = 1.19:1 Neutral
Total Foreign Buying PhP 4.562 Billion
Total Foreign Selling – (PhP 4.769) Billion
Net Foreign Buying (Selling) – (PhP 0.207) Billion – 2nd 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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Bourse extends losses as mart awaits Fed move
September 18, 2019 | 9:00 pm
LOCAL EQUITIES slumped on Wednesday as investors stayed on the sidelines ahead of the Federal Reserve’s policy decision due to be released early Thursday, Philippine time.
The benchmark Philippine Stock Exchange index (PSEi) went down 0.21% or 16.94 points to close at 7,915.29, extending the previous session’s losses, while the broader all-shares index similarly slipped 0.16% or 7.77 points to 4,786.43.
“Investors remained cautious for another session as the U.S. Federal Reserve began its two-day monetary policy meeting,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile phone message.
The Federal Open Market Committee is holding a two-day policy meeting during which it is widely expected to cut key interest rates by 25 basis points.
Papa Securities Corp. Sales Associate Gabriel Jose F. Perez also attributed the market’s performance to anticipation of the Fed’s decision.
“Resistance remains at 8,000 for the last two days of the week. Events to watch out for would be the aforementioned Fed meeting, and the turnout of the FTSE (Financial Times Stock Exchange) rebalancing soon,” Mr. Perez said in an e-mail.
Sectoral indices were equally divided between gainers and losers. Those that lost consisted of property, which plunged 1.15% or 46.68 points to 4,009.42; industrials which dropped 0.93% or 103.92 points to 10,957.73; and services shed 0.78% or 12.66 points to 1,594.24. In contrast, holding firms climbed 0.54% or 42.87 points to 7,898.44; financials rose 0.47% or 8.54 points to 1,796.41; while mining and oil edged up 0.32% or 30.89 points to 9,416.29.
Some 451.06 million issues switched hands valued at P6.74 billion, improving from the previous session’s P5.21 billion.
Stocks that lost beat those that gained, 107 to 90, while 43 issues were unchanged.
Foreign net outflows persisted at P206.65 million, slightly less than Tuesday’s P214.15 million.
Fourteen of the 20 most active stocks ended the day with losses, with Jollibee Foods Corp. falling the most at 3.21%. Shares in International Container Terminal Services, Inc.; Megaworld Corp. and Ayala Land, Inc. plunged 2.48%, 1.56%, and 1.54%, respectively. The same list showed six gainers, led by Phima Energy Corp. (3.77%) and Nickel Asia Corp. (2.44%).
The PSEi failed to mirror Wall Street’s positive performance overnight, with investors also anticipating the Fed’s decision. The Dow Jones Industrial Average went up 0.13% or 33.98 points to 27,110.80. The S&P 500 index added 0.26% or 7.74 points to 3,005.70, while the Nasdaq Composite index firmed up 0.40% or 32.47 points to 8,186.02.
Asian stocks were mixed, with Japan’s Nikkei 225 and Topix indices down by 0.18% and 0.49%, respectively. The Hang Seng index slid 0.17%, the Shanghai Composite gained 0.25%, while South Korea’s Kospi index rose 0.41%. — Arra B. Francia
Source: https://www.bworldonline.com/bourse-extends-losses-as-mart-awaits-fed-move/ /
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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.