Top Ten Smart Money Moves – April 29, 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 29, 2020 Data)
Total Traded Value – PhP 4.542 Billion – Low
Advances Declines – (Ideal is 2:1) 110 Advances vs. 78 Declines = 1.41:1 Neutral
Total Foreign Buying PhP 1.945 Billion
Total Foreign Selling – (PhP 2.671) Billion
Net Foreign Buying (Selling) – (PhP 0.726) Billion – 31st day of Net Foreign Selling after a day of Net Foreign Buyin
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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Shares extend climb ahead of Fed policy meeting
April 29, 2020 | 9:00 pm
LOCAL SHARES sustained their gains on Wednesday, moving in step with regional peers, as investors reacted to the gradual reopening of economies and the meeting of the US Federal Reserve.
The benchmark Philippine Stock Exchange index (PSEi) picked up 68.99 points or 1.23% to close at 5,643.97 yesterday. The broader all shares index added 30.53 points or 0.89% to 3,425.28.
“Market continued to rebound today together with most of the regional markets on easing lockdowns that would start to reopen the economy and optimism on the US Fed meeting tonight to continue to maintain low interest rate so as to support their economy,” Diversified Securities, Inc. Equity Trader Aniceto K. Pangan said in a text message on Wednesday.
Some areas in the Philippines will be on their last day of enhanced community quarantine (ECQ) today, April 30, as the government moves them to a general community quarantine (GCQ) by May 1 for showing signs of being low-risk or medium risk to the coronavirus disease 2019 (COVID-19) pandemic.
This resulted in optimism among investors that the jumpstarting of economies in these areas will signal the recovery of the country after more than a month of lockdown in Luzon.
Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco also said investors are keeping a close watch on the Fed meeting.
“Investors are waiting for clues from the US’ monetary authority on how their policy stance would be and what would this mean for the US economy, one of the major economies of the globe,” Mr. Tantiangco said in a text message.
Most Asian stocks closed in green territory on Wednesday. Japan’s Topix index climbed 0.13%, China’s Shanghai Shenzhen CSI 300 Index added 0.46%, South Korea’s Kospi index grew 0.70%.
Back home, all sectoral indices at the local bourse ended the session with gains. Property rose 82.50 points or 2.94% to 2,887.73; mining and oil gained 57.30 points or 1.23% to 4,692.94; services improved 11.23 points or 0.83% to 1,349; holding firms increased 44.66 points or 0.81% to 5,509.37; industrials picked up 50.20 points or 0.67% to 7,465.39; and financials climbed 0.52 point or 0.04% to 1,169.87.
Value turnover stood at P4.54 billion with 584.34 million issues switching hands. Mr. Tantiangco said this is lower than the bourse’s year-to-date average of P5.78 billion, “showing that the rally lacks conviction.”
Advancers outran decliners, 110 against 78, while 49 names ended unchanged.
Foreign investors remained net sellers for the 31st straight day with net outflows worth P726.05 million, up from the previous day’s P471.71 million.
“(Today) is the last trading day for the week because of the Labor Day holiday. We may see some profit taking (today) which will limit its gains for the week,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail. — Denise A. Valdez
Source: https://www.bworldonline.com/shares-extend-climb-ahead-of-fed-policy-meeting/
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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.