Top Ten Smart Money Moves – February 28, 2020

Smart Money Moves_Final

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 February 28, 2020 Data)

Total Traded Value – PhP 11.392   Billion – Medium
Advances Declines – (Ideal is 2:1) 50 Advances vs. 160  Declines = 3.20:1 Bearish
Total Foreign Buying  PhP 5.173  Billion
Total Foreign Selling – (PhP 9.253)  Billion
Net Foreign Buying (Selling) – (PhP4.080)  Billion – 6th day of Net Foreign Selling after 2 days of Net Foreign Buying

Data from the Philippine Stock Exchange

PSE_20200228

Screenshot courtesy of PSE.com.ph

PSE HEAT MAP

PSE HEAT MAP _20200228

Screenshot courtesy of PSEGET

Top Ten Foreign Buying and Selling

FBS_20200228

Top Ten in Total Traded Value

TTV_20200228

Top Ten Gainers and Losers

TTGL_20200228

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 to extend decline on coronavirus impact

March 2, 2020 | 12:01 am

By Denise A. Valdez
Reporter

LOCAL SHARES are seen to keep dropping this week as the impact of the coronavirus disease 2019 (COVID-19) outbreak continues to haunt investors.

Following a decline to the 6,900 level on Wednesday, the Philippine Stock Exchange index (PSEi) fell further to close 6,787.91 on Friday, down 179.93 points or 2.58% from the previous session. This translates to an 8% drop on a weekly basis.
Last week’s trading saw the market’s worst weekly loss since 2011, AAA Southeast Equities, Inc. Research Head Christopher John Mangun in a market note.

“We could say that investors have capitulated and are not taking any chances despite prices already at multi-year lows prior to the selloff,” he said. “Even retail investors picked up on the unusual selling pressure and decided to take cash off the table.”

Online brokerage 2TradeAsia.com also pointed out the massive volatility in the market last week, having a range variance of 482 points (6,788-7,270) from 180 points in the week prior (7,292-7,472).

Value turnover grew 28% to P7.8 billion on average, and net foreign selling swelled to P2.36 billion from P249 million a week ago.

“Fund managers could only anchor on medical experts to come up with ways in containing coronavirus’ spread… There is no telling when such epidemic would come to a halt, including its overall impact on global commerce and trade,” 2TradeAsia.com said.

Despite this, the brokerage believes some investors remain watchful of opportunities to do bargain hunting. “With emotions running high, it is common to find some participants go risk-averse. However, seasoned investors who are more able to discern a different angle along this page are eager for an expected bounce and are just waiting to position on this stampede,” it said.

Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco thinks the same way, noting the PSEi is already at oversold levels. “[T]his could compel a few episodes of bargain hunting backed by 2019 corporate earnings,” he said in a text message.

But AAA Southeast Equities’ Mr. Mangun is more worried. He said the general sentiment has now worsened from fear to panic, and this is pushing investors to let go of profits to return to cash.

“Bears are completely in control of this market and the only question is how low it can go… We may see the market lose another 1,000 points or more if we ever see an outbreak on our shores,” he said.

Mr. Tantiangco said aside from news of COVID-19 developments, the drivers of the market this week will be the continued release of 2019 corporate earnings, the manufacturing purchasing managers’ index (PMI) data, and the February 2020 inflation data. He expects the PSEi to trade within the 6,600 to 6,800 level.

For 2TradeAsia.com, immediate support is 6,500 to 6,700 and resistance is at 6,850 6,950.

Source: https://www.bworldonline.com/shares-to-extend-decline-on-coronavirus-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

 

TRT-Book2-Swing Trading with TRT-Cover-Final

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.

Book Cover

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.


Central Book Supply (2)

Book may also be obtained thru the branches of our publisher, Central Book Supply as follows:
• Quezon City (Main Branch): 927 Quezon Ave., Quezon City
(TEL. 372-35-50)
• SM MEGAMALL: 5th Level Bldg. A, SM Megamall, Ortigas Center, Mandaluyong City
(TEL. 638-10-88)
• C.M. RECTO AVENUE: Ever Gotesco, Manila Plaza Mall
• LYCEUM MAKATI: 109 SDC Building Leviste St., Brgy. Bel Air Makati, Manila
(TEL: (632) 887-52-45

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)


The Respponsible _Website

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)


The Respponsible Trader_YouTube

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)


The Respponsible Trader_Slideshare

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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.

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