Top Ten Smart Money Moves – August 12, 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 August 12, 2020 Data)
Total Traded Value – PhP 17.076 Billion – High
Advances Declines – (Ideal is 2:1) 85 Advances vs. 102 Declines = 1.20:1 Neutral
Total Foreign Buying PhP 1.292 Billion
Total Foreign Selling – (PhP 1.459) Billion
Net Foreign Buying (Selling) – (PhP 0.167) Billion – 4th 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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PSE index sustains climb on improved sentiment
August 12, 2020 | 9:00 pm
PHILIPPINE SHARES continued growing on Wednesday on hopes that the lockdown will ease next week and news of a coronavirus vaccine from Russia.
The bellwether Philippine Stock Exchange index (PSEi) gained 41.06 points or 0.69% to close at 5,995 on Wednesday, marking its third straight day of growth.
The broader all shares index also increased 14.69 points or 0.42% to end at 3,551.98.
“(Wednesday’s) gains have wiped out all of the losses that we saw at the end of July when investors dumped shares because of the imposition of stricter quarantine,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail.
“Investors are slowly gaining confidence after reassurance that the lockdown will be eased… Vaccine hopes have also lifted the sentiment,” he added.
On Tuesday, the Russian government announced it has led the world in approving a coronavirus vaccine, which President Rodrigo R. Duterte said he will obtain for Filipinos.
The Philippine president also said he committed to clinical trials and local production of the Russian vaccine.
The development boosted investor sentiment on the Philippines’ capacity for recovery, as local coronavirus infections surged to 139,538 on Tuesday.
“Philippines shares closed short of the 6,000 mark, as investors weighed the outlook for the economy…,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message.
Half of the sectoral indices at the PSE ended Wednesday’s session with gains. Financials rose 16.97 points or 1.53% to 1,127.10; industrials added 96.57 points or 1.23% to 7,916.09; and holding firms climbed 51.32 points or 0.84% to 6,166.17.
On the other hand, mining and oil lost 153.99 points or 2.63% to 5,703.97; property shed 7.15 points or 0.25% to 2,885.13; and services slid 1.56 points or 0.11% to 1,457.52.
Some 5.9 billion issues valued at P17.08 billion switched hands on Wednesday, up from the previous session’s 5.31 billion issues worth P5.07 billion.
Decliners outnumbered advancers, 102 against 85, while 47 names ended unchanged.
Net foreign selling stood at P360.1 million, slightly lower from the previous day’s P377.14 million.
US stocks closed lower on Tuesday, with the S&P 500 and Dow snapping a seven-day streak of gains and falling late in the session on growing uncertainty about breaking a stalemate in Washington over a fiscal stimulus deal.
Both indexes had been higher for much of the session, and the S&P 500 came within striking distance of its closing record high from February, before the onset of the coronavirus crisis in the United States that caused one of Wall Street’s most dramatic crashes in history.
The Dow Jones Industrial Average fell 104.53 points or 0.38% to 27,686.91; the S&P 500 lost 26.78 points or 0.80%,to 3,333.69; and the Nasdaq Composite dropped 185.53 points or 1.69% to 10,782.82. — Denise A. Valdez with Reuters
Source: https://www.bworldonline.com/pse-index-sustains-climb-on-improved-sentiment/
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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.