Top Ten Smart Money Moves – April 21, 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 21, 2020 Data)
Total Traded Value – PhP 5.662 Billion – Low
Advances Declines – (Ideal is 2:1) 49 Advances vs. 140 Declines = 2.86:1 Bearish
Total Foreign Buying PhP 1.854 Billion
Total Foreign Selling – (PhP 2.617) Billion
Net Foreign Buying (Selling) – (PhP 0.763) Billion – 25th 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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Local shares continue to decline on oil price drop
April 21, 2020 | 9:00 pm
PHILIPPINE SHARES continued to fall on Tuesday as investors reacted to the historic drop in oil prices to new lows overnight.
The 30-member Philippine Stock Exchange index (PSEi) lost 141.40 points or 2.46% to close at 5,592.25 on Tuesday. The broader all shares index fell 84.16 points or 2.42% to 3,389.74.
“Market is down…due to the downward spiral of oil price which may cause bankruptcy of highly-leveraged oil producing nations wherein their economies mainly rely on oil,” Diversified Securities, Inc. Equity Trader Aniceto K. Pangan said in a text message yesterday.
United States oil prices crashed to negative territory on Monday as the global demand dropped sharply due to limitations on mobility caused by the coronavirus disease 2019 (COVID-19) pandemic.
Mr. Pangan said oil’s negative effect on the equities markets may continue for the rest of the week if Russia and Saudi Arabia will also keep flooding the global oil supply.
US stocks declined on Monday: the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite indices fell 2.44%, 1.79% and 1.03%, respectively. Asian markets were also sour on Tuesday: Japan’s Nikkei 225 and Topix indices dropped 1.97% and 1.15%, respectively, South Korea’s Kospi index fell 1.00%, and China’s Shanghai Shenzhen CSI 300 index slipped 1.18%.
For Timson Securities, Inc. Trader Darren T. Pangan, the drop in the local bourse is also still attributable to worries of the COVID-19 pandemic. “[P]rofit taking may have ensued as investors take a breather to assess the COVID-19 pandemic situation in the country,” he said.
As of Monday afternoon, COVID-19 cases in the Philippines reached 6,259 people. Deaths hit 428 individuals while 613 have recovered.
“The PSEi broke down from the 5,600… If it continues to trade lower than 5,500 [today], then next support is at 5,300. Otherwise, resistance remains at the 6,000 area,” Timson Securities’ Mr. Pangan said.
Sectoral indices at the PSE all closed in red territory on Tuesday. Mining and oil led with 138.30 points or 2.89% erased to 4,642.80. Industrials lost 190.26 points or 2.55% to 7,255.41; services let go 32.26 points or 2.48% to 1,266.97; property shaved off 71.25 points or 2.43% to 2,860.92; holding firms trimmed 134.22 points or 2.36% to 5,551.84; and financials dropped 27.22 points or 2.22% to 1,195.34.
Some 764.34 issues valued at P5.66 billion switched hands yesterday, higher from Monday’s 703.70 million issues worth P4.76 billion.
Decliners led advancers, 140 against 49, while 44 names ended unchanged.
Offshore investors fled the Philippine stock market, recording a net foreign selling of P763.35 million from Monday’s P628.75 million. — Denise A. Valdez
Source: https://www.bworldonline.com/local-shares-continue-to-decline-on-oil-price-drop/
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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.