Top Ten Smart Money Moves – May 5, 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 May 5, 2020 Data)
Total Traded Value – PhP 6.432 Billion – Low
Advances Declines – (Ideal is 2:1) 118 Advances vs. 74 Declines = 1.69:1 Neutral
Total Foreign Buying PhP 3.157 Billion
Total Foreign Selling – (PhP 3.070) Billion
Net Foreign Buying (Selling) – PhP 0.087 Billion – first day of Net Foreign Buying after 33 days of Net Foreign Selling
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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Shares up as Duterte changes tone on water firms
May 5, 2020 | 9:00 pm
By Denise A. Valdez, Reporter
THE PHILIPPINE market emerged as one of Asia’s best performers on Tuesday as the main index bounced back on the president’s apology to listed water concessionaires.
The 30-member Philippine Stock Exchange index (PSEi) gained 99.58 points or 1.78% to close at 5,671.67 yesterday. The broader all shares index also added 38.68 points or 1.14% to 3,424.98.
“Positive comments from President Duterte in his speech (Monday night) toward several business leaders improved the general sentiment and increased optimism, pushing the PSEi higher today,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail yesterday.
“(Tuesday’s) gains wiped out almost all its losses from (Monday). Investors cheered the renewed cooperation between government and the private sector which overshadowed concerns of geopolitical tensions abroad,” he added.
President Rodrigo R. Duterte apologized to the Zobel brothers and Manuel V. Pangilinan on Monday as he said the coronavirus disease 2019 (COVID-19) pandemic has humbled him.
He also said he is “ready to talk” and “will be reasonable,” alluding to the government’s rift with Manila Water Co., Inc. and Maynilad Water Services, Inc. regarding their water contracts.
Manila Water is under Ayala Corp. (AC), while Maynilad is majority owned by Metro Pacific Investments Corp. (MPIC), listed companies led by the Zobels and Mr. Pangilinan, respectively.
Following Mr. Duterte’s remarks, shares in AC, MPIC and Manila Water surged on Tuesday, ending the session belonging to the market’s top five gainers with a growth of 14.73%, 13.55% and 12.05%, respectively.
Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said the movement of AC and MPIC stocks were “above 20-day moving average volumes showing that there’s conviction in the rally of these stocks.”
Most sectoral indices closed in green territory on Tuesday: holding firms jumped 177.29 points or 3.29% to 5,560.85; industrials rose 154.23 points or 2.11% to 7,454; property gained 38.95 points or 1.35% to 2,912.92; financials picked up 3.45 points or 0.29% to 1,167.49; and mining and oil added 2.18 points or 0.04% to 4,625.57.
The sole declining index was services, which fell 1.17 point or 0.08% to 1,350.48.
Value turnover stood at P6.43 billion with 619.49 million issues switching hands, up from P5.11 billion the day prior. Advancers beat decliners, 118 against 74, while 38 names ended unchanged.
Foreign investors snapped their 33-day selling streak, with the market recording a net foreign buying of P86.52 million yesterday. “It is not much but it ends more than 20 days of consecutive net selling,” Mr. Mangun said. “We may see the main index move higher in the following days and test resistance at 5,850-6,000.”
Source: https://www.bworldonline.com/shares-up-as-duterte-changes-tone-on-water-firms/
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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.
Hi Mr. Fred,
This is Doug, was the one way back purchased the first edition of your book that my niece process back there. Haven’t tracked the Philippine market for quite a while, been busy, went back to the workforce. Now that this pandemic wrecking havoc in our lives, was forced to work at home. In the meantime, i’m having more time to do/engage in the US Market, and went back to my trading endeavor – which i find i love to do. I lost track with your email and Google’d your ‘the responsible trader’ aka, there you go and was surprise how very nice your site looks like, so great – will include your site in one of my list as my Philippine Market reference. Congratulations!
Hi Bro Doug,
I am glad to hear from you again. Thanks. It’s nice to know that you are back to doing what you love – trading.
I have already published my second book: Swing Trading with TRT – a Definitive Guide for Swing Trading the Philippine Stock Market.
I am sending you another email regarding this matter.
I am using the lockdown in the Philippines as an opportunity to finish writing my third book: Momentum Trading with TRT – a Definitive Guide for Daytrading and Scalping the Philippine Stock Market.
The first book is about general concepts of Responsible Trading. The other two books are discussions on the more specific concepts and strategies of Responsible Trading.
Please keep safe. Hopefully, we would be able to see each other personally when this pandemic is over and when you have the chance to visit the Philippines.
Best regards,
Fred/@theresponsibletrader