Top Ten Smart Money Moves – March 4, 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.

================================

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.

========================================================

Trading Notes for Today – (Based on March 4, 2020 Data)

Total Traded Value – PhP 6.084   Billion – Low
Advances Declines – (Ideal is 2:1) 74 Advances vs. 123  Declines = 1.66:1 Neutral
Total Foreign Buying  PhP 3.286  Billion
Total Foreign Selling – (PhP 4.009)  Billion
Net Foreign Buying (Selling) – (PhP0.723)  Billion – 9th day of Net Foreign Selling after 2 days of Net Foreign Buying

Data from the Philippine Stock Exchange

PSE_20200304

Screenshot courtesy of PSE.com.ph

PSE HEAT MAP

PSE HEAT MAP _20200304

Screenshot courtesy of PSEGET

Top Ten Foreign Buying and Selling

FBS_20200304

Top Ten in Total Traded Value

TTV_20200304

Top Ten Gainers and Losers

TTGL_20200304

From now on, I will just quote the related article from Business World so that we will have everything in one piece:

==================================================

PSEi advances on bargain hunting amid concerns

March 4, 2020 | 9:00 pm

LOCAL SHARES sustained their climb yesterday as investors turned bargain hunters amid the coronavirus disease 2019 (COVID-19) watch.
The benchmark Philippine Stock Exchange index (PSEi) advanced 76.72 points or 1.13% to 6,867.26 on Wednesday, while the broader all shares index gained 26.81 points or 0.66% to 4,089.06.

The PSEi’s rise is its highest in almost a month, following its 2.09% rise on Feb. 6 to 7,506.51.

“The market rose by 76.72 on last-minute bargain hunting,” Timson Securities, Inc. Trader Darren T. Pangan said in a text message. “This is despite value turnover decreasing to P6.08 billion and foreigners remaining net sellers.”

Value turnover yesterday improved from Tuesday’s P5.83 billion with 674.7 million issues switching hands. Net foreign selling also declined to P724.48 million from P915.46 million the day prior.

For Regina Capital Development Corp. Head of Sales Luis A. Limlingan, the improvement in the local market may also be attributed to the performance of US markets on Tuesday: the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite indices fell 2.94%, 2.81% and 2.99%, respectively.

He said investors reacted to the drop in 10-year US Treasury yields to a historic low of below 1% and the emergency rate cut by the US Federal Reserve by 0.5%.

Markets in Asia-Pacific ended mixed on Wednesday. Japan’s Nikkei 225 index climbed 0.08%, China’s Shanghai Shenzhen CSI 300 index gained 0.58% and South Korea’s Kospi index jumped 2.24%. But Japan’s Topix index declined 0.17%, Hong Kong’s Hang Seng index dropped 0.24% and Australia’s S&P/ASX 200 index lost 1.71%.

Most Southeast Asian stock markets slipped on Wednesday, tracking Wall Street as a surprise rate cut by the US Federal Reserve failed to allay fears over the coronavirus’s impact, while dismal China economic data dented sentiment as well.

The move was upended by “worries about the depth and duration of negative economic ripples from COVID-19 impact; doubts about efficacy of rate cuts, and lack of details on transmission/credit relief measures,” Vishnu Varathan, a senior economist at Mizuho Bank, said in a note, Reuters reported.
Back home, property rose 70.79 points or 1.91% to 3,777.97; holding firms added 66.99 points or 1.01% to 6,692.53; financials grew 11.71 points or 0.73% to 1,615.83; and industrials gained 32.46 points or 0.40% to 8,154.62.

On the other hand, mining and oil decreased 31.86 points or 0.50% to 6,327.67; and services lost 2.57 points or 0.19% to 1,342.92.

Names that fell at the market’s close stood at 123, while names that gained clocked in at 74. Those that ended unchanged were 37.

“The market was able to breach the 6,800 levels today. We may have to see if the 6,800 level holds while next support is around 6,740,” Timson Securities’ Mr. Pangan said. — Denise A. Valdez with Reuters

Source: /https://www.bworldonline.com/psei-advances-on-bargain-hunting-amid-concerns/

=====================================================
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

===================================================

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.

Leave a Reply

Your email address will not be published. Required fields are marked *