Top Ten Smart Money Moves – April 17, 2020
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 April 17, 2020 Data)
Total Traded Value – PhP 7.287 Billion – Low
Advances Declines – (Ideal is 2:1) 142 Advances vs. 83 Declines = 1.71:1 Neutral
Total Foreign Buying PhP 2.955 Billion
Total Foreign Selling – (PhP 3.769) Billion
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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Volatility expected as quarantine’s end looms
April 20, 2020 | 12:01 am
By Denise A. Valdez
Reporter
LOCAL SHARES are seen to remain volatile this week as the end of the Luzon lockdown looms and annual stockholders’ meetings begin.
The benchmark Philippine Stock Exchange index (PSEi) added 264.37 points or 4.78% to end at 5,789.97 at the session’s close on Friday. On a weekly basis, the main index climbed 5% to sustain its fourth straight week of increase.
Value turnover last week grew 33.7% to an average of P7.65 billion. Net foreign selling continued to grow with a 48.4% expansion to P1.24 billion on average.
Online brokerage 2TradeAsia.com attributed the rise of the PSEi to the central bank’s 50-basis-point rate cut which took effect on Friday. Pent-up buying was another driver for the market’s sustained rally.
For the coming week, as the country inches closer to the April 30 deadline of the extended Luzon enhanced community quarantine (ECQ), 2TradeAsia.com said investors will remain watchful of any development that would show signs of recovery from the coronavirus disease 2019 (COVID-19) pandemic.
“The risks are straightforward to recognize, but complex to resolve: (1) the scenario of possible second wave of COVID-19 infections that could lead to another ECQ in the second half, or (2) risk a deeper economic fallout that may prod the private sector to provide more lifeline funding,” it said.
It noted suggestions by business groups that the government could allow a gradual opening of select sectors to kickoff the recovery of the economy.
Any decision on the ECQ will come from President Rodrigo R. Duterte, who may make an announcement this week, according to his close ally and former personal assistant Senator Christopher Lawrence “Bong” T. Go, in a radio interview yesterday.
Aside from updates on government measures to combat COVID-19, 2TradeAsia.com said investors will also be busy with the start of the annual stockholders’ meeting season.
Scheduled to hold their annual stockholders’ meetings this week are the different units of Ayala Corp.: AC Energy Philippines, Inc.; Ayala Land, Inc.; Bank of the Philippine Islands; and Ayala Corp. itself.
The brokerage said investors will wait for announcements in these meetings regarding business impact and future plans amid the COVID-19 pandemic. “[E]xpect more emphasis on forward guidance, as firms balance survival versus growth,” it said.
It also noted last week’s top gainers — Petron Corp., GT Capital Holdings Inc. and Jollibee Foods Corp. — were able to record increases despite having “no front-page worthy catalysts,” showing there are trading opportunities amid the market’s volatility.
“Set allocations for equities that are primed for similar recoveries once the smoke clears,” 2TradeAsia.com said. It put support for the PSEi at 5,500 and resistance at 6,000.
Source: https://www.bworldonline.com/volatility-expected-as-quarantines-end-looms/
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In line with our VISION, A RESPONSIBLE TRADER 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.