Top Ten Smart Money Moves – May 14, 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.
================================
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 how to achieve payroll efficiency – 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 May 14, 2020 Data)
Total Traded Value – PhP 3.775 Billion – Low
Advances Declines – (Ideal is 2:1) 56 Advances vs. 114 Declines = 2.04:1 Bearish
Total Foreign Buying PhP 1.360 Billion
Total Foreign Selling – (PhP 1.727) Billion
Net Foreign Buying (Selling) – (PhP 0.367) Billion – 7th 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:
==================================================
PHL shares rise amid decline in global markets
May 14, 2020 | 9:00 pm
PHILIPPINE SHARES bounced back yesterday as investors turned to the local market amid the decline in regional and global equities.
The benchmark Philippine Stock Exchange index (PSEi) picked up 28.45 points or 0.50% to close at 5,654.70 on Thursday. The broader all shares index added 8.67 points or 0.25% to 3,408.65.
“Investors parked funds into the Philippines market as investors grappled with regional downbeat remarks from Powell along with worries over the market’s valuation,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message.
The head of the Federal Reserve warned on Wednesday of an “extended period” of weak economic growth, vowed to use the US central bank’s power as needed, and called for additional fiscal spending to stem the fallout from the coronavirus pandemic.
Fed Chair Jerome Powell issued his sober review of an economy slammed by a record pace of job losses and bracing for worse ahead as most U.S. states moved toward reopening after weeks of shutdowns aimed at slowing the spread of the novel coronavirus.
Mr. Powell pointed to uncertainty over how well future outbreaks of the virus can be controlled and how quickly a vaccine or therapy can be developed, and said policymakers needed to be ready to address “a range” of possible outcomes.
This resulted in drops in stock markets abroad, which started in Wall Street on Wednesday. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite indices all fell 2.17%, 1.75% and 1.55%, respectively, after Mr. Powell’s remarks.
Asian stocks also closed in red territory on Thursday. Japan’s Nikkei 225 and Topix indices dropped 1.74% and 1.91%, respectively, while China’s Shanghai Shenzhen CSI 300 and Shanghai SE Composite indices gave up 1.08% and 0.96%, respectively.
Mr. Limlingan said this weakness led investors to flock to Philippine shores on Thursday, which was among the few stock markets that gained in the region.
The property index led the gainers among local sub-sectors, increasing 91.71 points or 3.25% to 2,909.80. Industrials climbed 21.47 points or 0.28% to 7,570.18; services added 0.93 point or 0.07% to 1,311.72, while mining and oil increased 1.67 point or 0.03% to 4,550.55.
Others closed in red territory, namely financials which lost 11.31 points or 0.97% to 1,151.46; and holding firms which shed 41.63 points or 0.74% to end at 5,553.28 yesterday.
Some 1 billion issues valued at P3.78 billion switched hands yesterday, rising from Wednesday’s 422.90 million issues worth P4.79 billion.
Decliners outnumbered advancers, 114 against 56, while 53 names ended unchanged.
Despite the decline in global equities, foreign investors remained net sellers at the PSE, although net outflows dropped slightly to P367.02 million from P394.37 million. — Denise A. Valdez with Reuters
Source: https://www.bworldonline.com/phl-shares-rise-amid-decline-in-global-markets/
=====================================================
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)
===================================================
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.