Top Ten Smart Money Moves – September 5, 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 5, 2019 Data)
Total Traded Value – PhP 7.109 Billion – Low
Advances Declines – (Ideal is 2:1) 113 Advances vs. 77 Declines = 1.47:1 Neutral
Total Foreign Buying PhP 3.605Billion
Total Foreign Selling – (PhP 4.277) Billion
Net Foreign Buying (Selling) – (PhP 0.762) Billion – 2nd 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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Stocks extend climb on inflation, US-China talks
September 5, 2019 | 9:00 pm
LOCAL SHARES continued their recovery on Thursday on the back of slower Philippine inflation and positive developments in Hong Kong and the US-China trade war.
The Philippine Stock Exchange index (PSEi) went up 57.33 points or 0.73% to close at 7,898.19 yesterday. The broader all-shares index was also up 20.51 points or 0.43% to reach 4,774.28
AAA Southeast Equities, Inc. Research Head Christopher John Mangun said investors were upbeat following the Philippine Statistics Authority’s release of August inflation data yesterday.
Headline inflation slowed to 1.7% last month from July’s 2.4%, falling within the Bangko Sentral ng Pilipinas’ (BSP) 1.3%-2.1% estimate range for the month.
Year-to-date, inflation is at 3%, well within the BSP’s 2-4% target range for the year but still above the central bank’s 2.6% forecast.
Mr. Mangun also attributed the performance of the index on Thursday to positive developments in Hong Kong and in the US-China trade war.
“It was a good day for global equities as most markets ended higher today including here at the PSE. This came as the Hong Kong government withdrew its controversial proposal to extradite people to mainland China. It also helped that the US and China have agreed to meet next month.”
“If this continues tomorrow, we may see it go above the key 8,000 level. The other alternative is it ends the week flat. We do not see anything particularly negative as of the moment,” Mr. Mangun said on Thursday.
China and the United States agreed to hold high-level trade talks in early October in Washington, China’s commerce ministry said on Thursday, amid fears that an escalating trade war could trigger a global economic recession.
Meanwhile, Hong Kong leader Carrie Lam on Wednesday withdrew an extradition bill that triggered months of often violent protests.
Papa Securities Corp. Sales Associate Gabriel Jose F. Perez shared the same sentiment, adding that the decision of President Rodrigo R. Duterte to allow the operations of online gaming companies in the Philippines to continue, as well as plans of Metro Pacific Hospital Holdings, Inc. for an P83.3-billion maiden share sale buoyed the day’s trading.
All counters ended in the green except the mining and oil sub-sector, which declined 3.66% or 356.50 points to end at 9,377.37.
Meanwhile, property went up 0.96% or 38.10 points to end at 3,989.42; services climbed 0.83% or 12.99 points to 1,576.68; holding firms gained 0.81% or 63.99 points to 7,904.93; financials added 0.58% or 10.56 points to 1,815.71; and industrials rose 0.18 or 20.17 points to close at 10,893.05.
Some 869.68 million issues valued at P7.11 billion switched hands on Thursday, higher than previous session’s P6.59 billion.
Advancers outnumbered losers, 113 to 77, while 53 names closed unchanged.
Foreigners remained as sellers, with net outflows totaling P672.43 million, down from previous session’s P743.70 million. — Vincent Mariel P. Galang with Reuters
Source: https://www.bworldonline.com/stocks-extend-climb-on-inflation-us-china-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.