Top Ten Smart Money Moves – April 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.
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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 14, 2020 Data)
Total Traded Value – PhP 7.385 Billion – Low
Advances Declines – (Ideal is 2:1) 159 Advances vs. 53 Declines = 3.00:1 Bullish
Total Foreign Buying PhP 2.770 Billion
Total Foreign Selling – (PhP 4.062) Billion
Net Foreign Buying (Selling) – (Ph1.292) Billion – 20th 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 ends above 5,700 on China trade data
April 14, 2020 | 9:00 pm
THE MAIN INDEX sustained its climb on Tuesday and broke into the 5,700 level, as investor optimism was fueled by positive trade data from China.
The 30-member Philippine Stock Exchange index (PSEi) went up 169.90 points or 3.02% to close at 5,780.88 yesterday. The broader all shares index likewise increased 88.32 points or 2.61% to 3,468.95.
“The market went up along with Asian markets today as investor sentiment turned positive when China released better-than-expected trade data,” Timson Securities, Inc. Trader Darren T. Pangan said in a text message on Tuesday.
“We have entered the 5,700 area but the coming days have to be observed if this level holds,” Mr. Pangan said.
China reported yesterday its exports and imports figures improved for the month of March compared to in January and February, as exports fell 6.6% and imports slid 0.9% year-on-year.
“This gave investors some optimism that the biggest economy in Asia is recovering faster than expected. This optimism overshadowed the jump in global COVID-19 (coronavirus disease 2019) cases overnight…,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail.
The global COVID-19 tally as of Tuesday afternoon showed cases reached 1.93 million, and deaths have risen to over 119,000. In the Philippines, cases jumped to 4,932 as of Monday, with deaths reaching 315 and recoveries hitting 242.
All sectoral indices at the local bourse were gainers yesterday. Industrials led as it climbed 319.71 points or 4.35% to 7,655.60, followed by services which went up 54.01 points or 4.31% to 1,306.04.
Financials increased 44.05 points or 3.79% to 1,206.04; mining and oil climbed 165.77 points or 3.68% to 4,660.79; holding firms added 131.03 points or 2.36% to 5,664.59; and property picked up 62.43 points or 2.13% to 2,992.82.
Value turnover stood at P7.38 billion with 979.02 million issues changing hands, up from Monday’s P5.2 billion with 539.99 million issues.
Advancers beat decliners, 158 against 53, while 32 names ended unchanged.
Foreign outflows continued with a net selling of P1.29 billion yesterday, jumping from the P587.63 million logged on Monday.
“It (the PSEi) is coming up against its major resistance at 5,800, we may see some profit-taking in the next few days as a result. The general sentiment is cautious optimism as investors are willing to take a chance but will flee at the first sight of a reversal,” Mr. Mangun said.
Meanwhile, the Dow and S&P 500 fell on Monday as US companies prepared to kick off a quarterly earnings season expected to be rough due to the coronavirus pandemic, while Amazon.com gains helped the Nasdaq end higher, Reuters reported.
The Dow Jones Industrial Average fell 328.6 points or 1.39%,to 23,390.77; the S&P 500 lost 28.19 points or 1.01% to 2,761.63; and the Nasdaq Composite added 38.85 points or 0.48% to 8,192.43. — Denise A. Valdez with Reuters
Source: https://www.bworldonline.com/pse-index-ends-above-5700-on-china-trade-data/
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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.