Top Ten Smart Money Moves – April 27, 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 27, 2020 Data)
Total Traded Value – PhP 4.067 Billion – Low
Advances Declines – (Ideal is 2:1) 88 Advances vs. 112 Declines = 1.27:1 Neutral
Total Foreign Buying PhP 1.239 Billion
Total Foreign Selling – (PhP 2.063) Billion
Net Foreign Buying (Selling) – (PhP 0.824) Billion – 29th 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 ends lower as investors assess ECQ impact
April 27, 2020 | 9:00 pm
By Denise A. Valdez, Reporter
THE MAIN INDEX closed lower on Monday as investors kept assessing the economic effect of the extended enhanced community quarantine (ECQ) and the earnings reports of listed companies.
The bellwether Philippine Stock Exchange index (PSEi) dropped 14.53 points or 0.26% to close at 5,450.45 on Monday. The broader all shares index also slid 8.01 points or 0.23% to 3,342.72.
“Local shares logged in another loss as investors digested economic data, mixed corporate results, and the extension of the ECQ past April 30,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message yesterday.
Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno said Monday the central bank is still considering further monetary easing to support the economy amid the extension of the ECQ until May 15.
Since the government announced the ECQ extension in Greater Metro Manila and the nearby regions of Central Luzon and Calabarzon on Friday, investors continued digesting its effect on the economy on Monday, which resulted in profit taking at the market.
The PSEi opened at 5,493.21 and shed gains intraday to hit a low of 5,390.97 before it closed at 5,450.45.
The PSE also extended the implementation of shortened trading hours at the market for the duration of the extended ECQ. The market will open at 9:30 a.m. and close at 1 p.m. until May 15.
Earnings season kicked off yesterday, starting with UnionBank of the Philippines, Inc. and Manila Electric Co., which reported mixed results in the first quarter. These financial results are being evaluated by investors to assess how the coronavirus disease 2019 (COVID-19) pandemic is affecting business performance amid operational and demand disruptions.
“Some investors expect either lower earnings or losses in most companies’ books due to the rapid spread of coronavirus, which adversely affected its businesses, so this pushes investors to profit take for now,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a text message.
Despite a drop in the PSEi, four out of six sectoral indices closed higher after Monday’s session: mining and oil rose 242.41 points or 5.27% to 4,834.86; services gained 17.66 points or 1.35% to 1,318.23; property picked up 16.98 points or 0.62% to 2,732.44; and industrials added 40.19 points or 0.55% to 7,249.67.
On the other hand, financials lost 26.08 points or 2.19% to 1,162.61; and holding firms slipped 49.20 points or 0.91% to 5,312.58.
Some 568.77 million issues valued at P4.07 billion switched hands on Monday, lower from 829.26 million issues worth P5.24 billion in the last session.
Decliners outnumbered advancers, 112 against 88, while 32 names ended unchanged.
Net foreign outflows dropped to P823.64 million yesterday from P1.02 billion on Friday.
Source: https://www.bworldonline.com/psei-ends-lower-as-investors-assess-ecq-impact/
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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.