Top Ten Smart Money Moves – April 22, 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 22, 2020 Data)
Total Traded Value – PhP 5.074 Billion – Low
Advances Declines – (Ideal is 2:1) 67 Advances vs. 101 Declines = 1.51:1 Neutral
Total Foreign Buying PhP 1.925 Billion
Total Foreign Selling – (PhP 2.161) Billion
Net Foreign Buying (Selling) – (PhP 0.236) Billion – 26th 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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PSEi sinks for third straight day on profit taking
April 22, 2020 | 9:00 pm
THE MAIN INDEX marked its third straight day of decline on Wednesday as the market was taken over by profit taking.
The benchmark Philippine Stock Exchange index (PSEi) shed 18.50 points or 0.33% to close at 5,573.75 yesterday, while the broader all shares index slid 1.57 point or 0.04% to 3,388.17.
“We saw heavy selling again at the open today which caused the PSEi to open much lower,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail on Wednesday.
The main index opened at 5,517.67 before trimming its losses throughout the trading session, reaching a high of 5,577.91 before settling at 5,573.75 at the close.
“After two days of consecutive losses, investors took a chance at current prices. It ended the day above the 5,500 support level and may start moving higher toward the end of the week,” Mr. Mangun said.
For Philstocks Financial, Inc. Research Associate Claire T. Alviar, the activity of investors yesterday was also driven by uncertainties on the extension of the enhanced community quarantine (ECQ) over Luzon.
“The local bourse…(ended) at the red territory as investors awaited the government’s decision whether to lift or to extend the enhanced community quarantine. It was evident on lower value flows today at P5.07 billion, compared with year-to-date average of P6.5 billion,” she said in a text message.
President Rodrigo R. Duterte is expected to make an announcement this week if the ECQ will be lifted or extended after its April 30 deadline. State leaders and experts have met on Monday to discuss options on how to balance containing the virus and kickstarting the recovery of the economy.
“Some investors were undecided on whether to pick up already or sell their position by now since this lockdown is still uncertain when to be lifted,” Ms. Alviar said.
Yesterday’s trading volume stood at 600.52 million issues valued at P5.07 million, down from Tuesday’s 764.34 issues worth P5.66 billion.
Sectoral indices were led by decliners: mining and oil dropped 88.48 points or 1.90% to 4,554.32; property lost 47.26 points or 1.65% to 2,813.66; holding firms trimmed 40.93 points or 0.73% to 5,510.91; and financials slipped 5.74 points or 0.48% to 1,189.60.
The only gainers were services, which added 28.36 points or 2.23% to 1,295.33; and industrials, which picked up 22.22 points or 0.30% to 7,277.63.
“[W]orries on oil prices were still on the table, despite the government’s comment that we are one of the net beneficiaries of it, because of dismal oil demand outlook. While BSP’s (Bangko Sentral ng Pilipinas’) tentative Philippine growth forecast between -1% and 0% dragged investors’ sentiment further,” Ms. Alviar said.
Decliners beat advancers, 101 against 67, while 54 names ended unchanged. Net foreign selling stood at P236.22 million, lower than Tuesday’s P763.35 million. — Denise A. Valdez
Source: https://www.bworldonline.com/psei-sinks-for-third-straight-day-on-profit-taking/
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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.