Top Ten Smart Money Moves – April 20, 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 20, 2020 Data)
Total Traded Value – PhP 4.755 Billion – Low
Advances Declines – (Ideal is 2:1) 109 Advances vs. 83 Declines = 1.31:1 Neutral
Total Foreign Buying PhP 1.799 Billion
Total Foreign Selling – (PhP 2.407) Billion
Net Foreign Buying (Selling) – (PhP 0.628) Billion – 24th 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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PSE index ends lower as virus clouds sentiment
April 20, 2020 | 9:00 pm
By Denise A. Valdez, Reporter
THE MAIN INDEX closed lower yesterday as uncertainties over the coronavirus disease 2019 (COVID-19) pandemic continued to cloud investor sentiment globally.
The Philippine Stock Exchange (PSEi) shed 56.32 points or 0.97% to 5,733.65 on Monday. The broader all shares index likewise gave up 18.53 points or 0.53% to 3,473.90.
“Local shares started lower as investors remained vigilant on news of a possible treatment for COVID-19 and after the Trump administration announced guidelines for reopening the economy,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message.
Different countries across the world are trying possible treatments or antiviral medicine for COVID-19, and last week, United States-based Gilead Sciences, Inc. was reported to have found favorable results from its trials.
This resulted in hopes that the end of the pandemic is coming soon, on top of the United States government’s release of guidelines for a three-phased reopening of its economy.
Philstocks Financial, Inc. Research Associate Piper Chaucer E. Tan said the lack of foreign money in the Philippine market shows the instability of the PSEI’s climb as observed in the past four weeks.
“The market performance ending on red territory is within our expectation that the 5,800 resistance will be tested by investors… We expect also that the recent market rally may not be sustainable if you would take a look at its foreign fund flow,” he said.
Net foreign selling stood at P628.75 million yesterday, marking the 24th straight day that foreigners have pulled their money out of the local bourse.
“It is crucial for the market to have the presence of foreign funds in order to maintain and sustain the market rally,” Mr. Tan said. “With the threats of the number of coronavirus infections in Southeast Asia…, (there are) mounting worries among experts that the region could turn into a hotspot for the fast-spreading disease.”
The industrials index lost 121.15 points or 1.60% to 7,445.67 yesterday. Financials shed 13.16 points or 1.06% to 1,222.56; property trimmed 31.52 points or 1.06% to 2,932.17; and holding firms shaved off 45.66 points or 0.79% to 5,686.06.
But some indices still closed with gains: mining and oil by 92.88 points or 1.98% to 4,781.10; and services by 4.39 points or 0.33% to 1,299.23.
Value turnover dropped to P4.76 billion yesterday from P7.29 billion in the previous session. Volume also slid to 703.70 million from 733.29 million on Monday.
Advancers outnumbered decliners, 109 against 83. Some 44 names ended unchanged.
“We expect more volatility in the upcoming weeks as to uncertainty of the enhanced community quarantine, whether it will be extended again or (will be partially lifted) to restart the economy,” Mr. Tan said.
Source: https://www.bworldonline.com/pse-index-ends-lower-as-virus-clouds-sentiment/
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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.