Top Ten Smart Money Moves – April 13, 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 April 13, 2020 Data)
Total Traded Value – PhP 5.204 Billion – Low
Advances Declines – (Ideal is 2:1) 112 Advances vs. 70 Declines = 1.60:1 Neutral
Total Foreign Buying PhP 2.392 Billion
Total Foreign Selling – (PhP 2.979) Billion
Net Foreign Buying (Selling) – (Ph0.587) Billion – 19th 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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Shares end higher on efforts to boost economy
April 13, 2020 | 9:00 pm
By Denise A. Valdez, Reporter
PHILIPPINE SHARES closed higher on Monday, beating most of their Asian peers, as investors reacted to government efforts to support the economy amid the coronavirus disease 2019 (COVID-19) pandemic.
The bellwether Philippine Stock Exchange index (PSEi) gained 100.15 points or 1.81% to end at 5,610.98 yesterday. The broader all shares index rose 48.19 points or 1.44% to 3,380.63.
The stock market remains on shortened trading hours for the duration of the extended enhanced community quarantine over Luzon. Trading will be from 9:30 a.m. to 1 p.m. until April 30.
Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said yesterday’s climb is due to the economic stimulus programs that came amid the pandemic.
“We’re seeing both fiscal and monetary policy working together to combat the Coronavirus’ impact on the economy and this is what’s keeping the local bourse afloat so far,” he said in a text message.
Among these are government efforts such as emergency cash transfers and other social spending measures to protect public welfare. The central bank also said on Sunday it is looking a “deeper cut” in interest rates to help support the economy amid a “once-in-a-lifetime crisis.”
AAA Southeast Equities, Inc. Research Head Christopher John Mangun attributed the decline in Asian equities to the rising COVID-19 cases across the world. He also traced negative investor sentiment from the announced cut in oil production of the Organization of the Petroleum Exporting Countries and its allies starting May.
The PSEi opened at 5,551.96 and hit a low of 5,521.49 before it rose to its high of 5,610.98 towards the close of trading.
“It opened lower as some investors took profits but quickly rebounded and traded sideways. Almost all its gains came at the close as selling was also minimal,” Mr. Mangun said via e-mail.
Sectoral indices all closed higher as well: mining and oil by 174.06 points or 4.02% to 4,495.02; industrials by 262.73 points or 3.71% to 7,335.89; property by 91.99 points or 3.24% to 2,930.39; services by 29.79 points or 2.43% to 1,252.03; holding firms by 22.77 points or 0.41% to 5,533.56; and financials by 4.62 points or 0.39% to 1,161.99.
Value turnover stood at P5.20 billion with 539.99 million issues switching hands, slightly lower from last session’s P5.95 billion with 490.73 million issues.
Advancers outpaced decliners, 112 against 70, while 46 names ended unchanged.
Net foreign outflows dropped to P587.63 million from last session’s net foreign selling of P1.68 billion. Foreigners have been pulling their money out of the Philippine bourse for the 19th straight day yesterday, which Philstocks’ Mr. Tantiangco said means local funds are mostly responsible for the lifting of the market.
“Support remains at 5,500 although we may see it break lower if we see a sudden surge of profit-taking,” AAA Southeast Securities’ Mr. Mangun said.
Source: https://www.bworldonline.com/shares-end-higher-on-efforts-to-boost-economy/
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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.