Top Ten Smart Money Moves – September 4, 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 4, 2019 Data)
Total Traded Value – PhP 6.592 Billion – Low
Advances Declines – (Ideal is 2:1) 102 Declines vs. 100 Advances = 1.02:1 Neutral
Total Foreign Buying PhP 2.598 Billion
Total Foreign Selling – (PhP 3.342) Billion
Net Foreign Buying (Selling) – (PhP 0.744) Billion – first 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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Shares rebound ahead of August inflation report
September 4, 2019 | 9:00 pm
SHARES bounced back on Wednesday even as investors found no clear catalysts to support their trades.
The bellwether Philippine Stock Exchange index (PSEi) climbed 0.46% or 36.15 points to close at 7,840.86 yesterday, snapping its two-day decline. The broader all-shares index also rose 0.27% or 13.16 points to 4,753.77.
“Investors continue to focus on second liners and speculative issues as foreign investors continue to sell off blue chips. Overall, the main index remains in limbo with no clear indication of which way it wants to go,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail.
Regina Capital Development Corp. Head of Sales Luis A. Limlingan noted that investors may be waiting for the release of August inflation data on Thursday, Sept. 5.
“Investors will be awaiting the latest CPI (consumer price index) data which comes out tomorrow morning. A handful of analysts forecast that the August reading will fall below the 2% mark,” Mr. Limlingan said in a mobile phone message on Wednesday.
A BusinessWorld poll of 12 economists yielded a median inflation estimate of 1.8% for August headline inflation. This is above the midpoint of the Bangko Sentral ng Pilipinas’ Department of Economic Research’s 1.3-2.1% estimate range given last week.
Should this be the case, August would mark the third straight month of easing inflation since June’s 2.7%. This is also much lower than the 6.4% seen in August 2018.
“The government is expecting inflation numbers for August at its lowest for the year which has not given investors any confidence towards equities. This trend may remain till the end of the week,” Mr. Mangun said.
Four sectoral indices moved to positive territory, led by mining and oil which jumped 3.22% or 304.47 points to 9,733.87. Holding firms climbed 1.37% or 106.52 points to 7,840.94; financials advanced 0.56% or 10.17 points to 1,805.15; while property added 0.27% or 10.69 points to 3,951.32.
In contrast, services plunged 1.52% or 24.22 points to 1,563.69, while industrials slumped 0.39% or 42.76 points to 10,872.88.
Some 1.15 billion issues switched hands valued at P6.59 billion, lower than the previous session’s P6.83-billion turnover.
Decliners narrowly outpaced advancers, 102 to 100, while 47 names were unchanged.
Foreign investors became net sellers at P743.70 million, compared to Tuesday’s net purchases amounting to P104.99 million.
The PSEi defied the weak performance of western markets, which suffered a selldown on fears of the US-China trade war as well as slower manufacturing data.
The Dow Jones Industrial Average dropped 1.08% or 285.26 points to 26,118.02. The S&P 500 index shed 0.69% or 20.19 points to 2,906.27, while the Nasdaq Composite index plummeted 1.11% or 88.72 points to 7,874.16. — Arra B. Francia
Source: https://www.bworldonline.com/shares-rebound-ahead-of-august-inflation-report/
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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.