Top Ten Smart Money Moves – April 23, 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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Top Ten Smart Money Moves – April 23, 2020
Trading Notes for Today – (Based on April 23, 2020 Data)
Total Traded Value – PhP 4.369 Billion – Low
Advances Declines – (Ideal is 2:1) 114 Advances vs. 66 Declines = 1.73:1 Neutral
Total Foreign Buying PhP 1.641 Billion
Total Foreign Selling – (PhP 2.081) Billion
Net Foreign Buying (Selling) – (PhP 0.440) Billion – 27th 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 snap losing streak as global marts rebound
April 23, 2020 | 9:00 pm
By Denise A. Valdez, Reporter
LOCAL SHARES snapped their three-day losing streak yesterday on the back of improved investor sentiment evidenced by a rebound in global markets.
The bellwether Philippine Stock Exchange index (PSEi) climbed 25.80 points or 0.46% to close at 5,599.55 on Thursday. The broader all shares index likewise added 20.64 points or 0.6% to 3,408.81.
“The local market rallied with strong leads as crude oil rebounded, providing some support to the market,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message.
After falling to negative territory at the start of the week, the price of crude oil in the United States recovered by as much as 20%. This resulted in gains in Wall Street, with the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite indices improving 1.99%, 2.29% and 2.81%, respectively, on Wednesday.
Asian markets also performed better on Thursday. Japan’s Nikkei 225 and Topix indices rose 1.52% and 1.36%, respectively, and South Korea’s Kospi index increased 0.98%.
Despite a higher close for the local bourse, PNB Securities, Inc. President Manuel Antonio G. Lisbona said investors are still tiptoeing around the situation.
“The market reached a high of 5,672 before weakening at the close to settle at 5,599 which implies an underlying cautiousness among investors,” he said in a text message.
With the coronavirus disease 2019 (COVID-19) pandemic still going on, investors remain on close watch for any development that may drag the market down.
“Immediate support can be found at the previous low of 5,460 and immediate resistance can be found at 5,800,” Mr. Lisbona said.
Sectoral indices at the PSE were mostly gainers on Thursday. Mining and oil grew 55.12 points or 1.21% to 4,609.44; property rose 25.93 points or 0.92% to 2,839.59; holding firms added 31.01 points or 0.56% to 5,541.92; financials climbed 5.53 points or 0.46% to 1,195.13; and services picked up by 2.98 points or 0.23% to 1,298.31.
The sole losing index was industrials, which shed 10.56 points or 0.14% to 7,267.07.
Value turnover stood at P4.37 billion with 697.10 million issues switching hands, lower than Wednesday’s P5.07 million worth of 600.52 million issues.
“Trading volumes were the lowest in several weeks as most investors stayed on the sidelines. It is currently down 3.4% for the week. We may see it continue to move higher unless trading volumes continue to decline,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail.
There were 114 advancers, 66 decliners and 49 names that ended unchanged yesterday.
Net foreign selling grew to P440.43 million from P236.22 million a day ago.
Source: https://www.bworldonline.com/shares-snap-losing-streak-as-global-marts-rebound/
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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.