Top Ten Smart Money Moves – March 9, 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 March 9, 2020 Data)
Total Traded Value – PhP 6.311 Billion – Low
Advances Declines – (Ideal is 2:1) 30 Advances vs. 204 Declines = 6.80:1 Bearish
Total Foreign Buying PhP 2.516 Billion
Total Foreign Selling – (PhP 3.355) Billion
Net Foreign Buying (Selling) – (PhP0.839) Billion – 2nd 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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PHL shares plunge on worries over coronavirus
March 9, 2020 | 9:00 pm
By Denise A. Valdez, Reporter
LOCAL STOCKS dropped to enter bear territory on Monday, battered by sustained worries on the coronavirus disease 2019 (COVID-19) and the collapse of oil prices globally.
The benchmark Philippine Stock Exchange index (PSEi) plunged by 457.77 points or 6.76% to close at 6,312.61 yesterday, while the broader all shares index slumped 224.33 points or 5.55% to 3,815.22.
“With the breaching of 6,700, the local market has entered the bear market,” Diversified Securities, Inc. Equity Trader Aniceto K. Pangan said in a text message. “Market was down heavily as regional markets were down with (COVID-19) spreading rapidly and causing lockdown to other nations.”
The Philippines declared a State of Public Health Emergency yesterday following the Health department’s confirmation of local transmission of the virus over the weekend. Confirmed cases of patients with COVID-19 in the country was at 20 as of writing, including the 10 new cases announced yesterday afternoon.
The panic was not limited to local investors as foreigners also sold their holdings to record a net foreign outflow of P839.29 million, up from the last session’s P271.03 million.
Another reason for the market’s decline yesterday was the oil price war between Saudi Arabia and Russia.
“With the global economy slowing down, oil price war emerged among oil producing countries, particularly Saudi Arabia and Russia, as oil demand slows with slowing global economy, threatening oil producing countries with high debt exposure,” Mr. Pangan said.
The price of oil fell more than 30% as oil producing countries try to address the declining demand for oil due to COVID-19.
“The sudden decrease in the demand for oil due to (COVID-19) was already driving prices lower, but the lack of cooperation between oil producing countries has countries has pushed the price over the edge,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail.
Sectoral indices at the local bourse all closed lower as well: financials by 136.60 points or 8.55% to 1,459.63; services by 89.15 points or 6.70% to 1,241.39; industrials by 515.88 points or 6.35% to 7,598.19; holding firms by 409.88 points or 6.19% to 6,202.38; mining and oil by 380.96 points or 6.06% to 5,900.75; and property by 217.92 points or 5.91% to 3,466.95.
Value turnover rose to P6.31 billion with 1.15 billion issues switching hands, against last Friday’s P5.89 billion worth of 632.65 million issues.
Decliners beat advancers by a mile, 204 against 30, with 23 names ending unchanged.
“Not a single stock ended on our top gainers for the day as investors run for the exits. This panic selling may continue till the end of the week,” AAA Southeast Equities’ Mr. Mangun said.
Source: https://www.bworldonline.com/phl-shares-plunge-on-worries-over-coronavirus/
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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.