Top Ten Smart Money Moves – August 25, 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 approve a loan – 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 thanks to mortgage lawyer loans that helped people in debt, 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 August 25, 2020 Data)
Total Traded Value – PhP 4.559 Billion – Low
Advances Declines – (Ideal is 2:1) 84 Advances vs. 109 Declines = 1.30:1 Neutral
Total Foreign Buying PhP 1.724 Billion
Total Foreign Selling – (PhP 2.186) Billion
Net Foreign Buying (Selling) – (PhP 0.462) Billion – 6th day of Net Foreign Selling after 2 days 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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Philippine stocks end higher on US-China talks
August 25, 2020 | 9:00 pm
By Denise A. Valdez, Senior Reporter
THE PHILIPPINE Stock Exchange index (PSEi) recovered on Tuesday, but still fell short of hitting the 6,000 mark on lackluster trading.
The main index picked up 9.86 points or 0.16% to close at 5,953.44; while the broader all shares index increased 8.03 points or 0.22% to end at 3,548.60.
“Local shares traded between negative and positive before settling in the green as news came out that the US said both sides see progress on a Phase 1 with China,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message.
News wires reported Tuesday, Philippine time, that representatives from the US and Chinese governments held trade negotiations over the phone, specifically, to discuss the Phase 1 trade deal that the two economies signed earlier this year.
“Both sides see progress and are committed to taking the steps necessary to ensure the success of the agreement,” the US Trade Representative’s office said in a statement, quoted by Reuters in a report.
The development helped improve investor sentiment after the postponement of the Aug. 15 talks between the two countries. Most Asia-Pacific stocks were trading in green territory when the local market closed.
“The market was able to end higher today, despite starting on red territory, as positive sentiment in the US markets last night — due to reports that President Trump expanded the utilization of a coronavirus treatment using plasma — spilled over to the local bourse,” Timson Securities, Inc. Trader Darren T. Pangan said in a mobile message on Tuesday.
The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite indices rose 1.35%, 1% and 0.60%, respectively, on Monday. This, after reports that the US government is considering fast-tracking an experimental vaccine before November and using plasma to treat coronavirus patients, the Financial Times said.
“We’ll have to observe if the index manages to stay above the 5,900 support level throughout the week, with nearest resistance lying at the 6,200 area,” Mr. Pangan added.
Three sectoral indices at the local bourse ended Tuesday’s session with gains. Services grew 19.69 points or 1.35% to 1,473.29; industrials improved 33.06 points or 0.42% to 7,890.84; and mining and oil added 17.94 points or 0.31% to 5,791.83.
On the other hand, financials lost 5.59 points or 0.49% to 1,116.19; property shed 6.34 points or 0.22% to 2,805.34; and holding firms slid 0.65 point or 0.01% to 6,169.07.
Some 1.25 billion issues valued at P4.56 billion switched hands on Tuesday, down from the previous day’s 2.28 billion issues valued at P10.27 billion.
Decliners stood at 109, advancers at 84, and unchanged names at 51 at the end of trading.
Net foreign selling declined to P463.07 million on Tuesday from P1.04 billion in the last session.
Source: https://www.bworldonline.com/philippine-stocks-end-higher-on-us-china-talks/
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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.