Top Ten Smart Money Moves – April 16, 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 16, 2020 Data)
Total Traded Value – PhP 9.291 Billion – Medium
Advances Declines – (Ideal is 2:1) 50 Advances vs. 153 Declines = 3.06:1 Bearish
Total Foreign Buying PhP 4.309 Billion
Total Foreign Selling – (PhP 6.444) Billion
Net Foreign Buying (Selling) – (PhP 2.135) Billion – 22nd 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 wipe out recent gains on profit taking
April 16, 2020 | 9:00 pm
By Denise A. Valdez, Reporter
PHILIPPINE STOCKS wiped out their gains on Thursday as profit takers entered the market and fear of the coronavirus disease 2019 (COVID-19) pandemic prevailed.
The bellwether Philippine Stock Exchange index (PSEi) erased 420.45 points or 7.07% to close at 5,525.60 yesterday. The broader all shares index also dropped 181.60 points or 5.11% to 3,370.13.
“The steep decline… shows that the local market is not really on a stable footing yet as investors continue to grapple with the uncertainties brought by the coronavirus,” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a text message.
“While a dim outlook for the economy is already expected, the question here is how dim could it get? The duration of the COVID-19 spread in our country is still undetermined, and consequently, the depth of its impact on the local economy,” he added.
In the Philippines, confirmed cases have reached 5,453 as of Wednesday afternoon, where 349 have died and 353 have recovered.
Regina Capital Development Corp. Head of Sales Luis A. Limlingan said the negative sentiment of investors was driven by the decline in US economic data for the month of March, sounding the alarm on the economic impact of the pandemic.
Philstocks Financial’s Mr. Tantiangco added the drop was led by profit takers after the local market has kept its uptrend for the past month.
“(As of Wednesday), the local market was already up by 28.61% from its March 19, 2020 close of 4,623.42. A 1,322.63-point worth of gains in a little less than a month (made) it ripe for profit taking which occurred (yesterday) amid the economic worries,” he said.
All sectoral indices gave up their gains yesterday. Property led as it lost 264.74 points or 8.62% to end at 2,804.54 at the close of trading. Holding firms removed 385.90 points or 6.59% to 5,466.67; services fell 76.86 points or 5.82% to 1,242.63; industrials shaved off 413.75 points or 5.35% to 7,315.24; financials decreased 61.47 points or 4.87% to 1,198.53; and mining and oil dropped 178.90 points or 3.68% to close Thursday’s session at 4,671.25.
Value turnover inched up to P9.29 billion from Wednesday’s P9.10 billion. Some 679.82 million issues switched hands.
Decliners beat advancers, 153 against 50, while 38 names ended unchanged at the session’s close.
Foreign outflows ballooned to P2.14 billion yesterday from Wednesday’s net selling worth P1.37 billion.
“The selling had conviction today with net value turnover (net of block sales) registering P8.01 billion, higher than the year-to-date average of P5.90 billion. Meanwhile, net foreign outflows were strong posting P2.14 billion, adding fuel to the overall selling pressure,” Mr. Tantiangco said on Thursday.
Source: https://www.bworldonline.com/shares-wipe-out-recent-gains-on-profit-taking/
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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.