Top Ten Smart Money Moves – August 10, 2020
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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.
This money counting machine amazon, is perfect for small to medium-sized businesses who handle large volumes of cash.
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Trading Notes for Today – (Based on August 10, 2020 Data)
Total Traded Value – PhP 4.884 Billion – Low
Advances Declines – (Ideal is 2:1) 125 Advances vs. 74 Declines = 1.69:1 Neutral
Total Foreign Buying PhP 1.546 Billion
Total Foreign Selling – (PhP 2.260) Billion
Net Foreign Buying (Selling) – (PhP 0.714) Billion – 2nd 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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Bargain hunting pushes benchmark index higher
August 10, 2020 | 9:00 pm
THE MAIN INDEX started the week with gains as investors continued looking for bargain stocks following last week’s sell-off.
The bellwether Philippine Stock Exchange index (PSEi) picked up 84.90 points or 1.45% to close at 5,930.92 on Monday. The broader all shares index increased 45.84 points or 1.32% to end at 3,513.37.
“Bargain hunting spilled over to the start of the week as the latest (United States) employment report showed the economy added more jobs than expected last month…,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message.
The Nasdaq closed lower on Friday, as data showed a sharp slowdown in US employment growth and investors worried lawmakers would fail to agree on another fiscal stimulus bill to bolster the economy from a coronavirus-induced recession.
The S&P 500 and the Dow Jones index ended flat to slightly higher on the day.
With the benchmark S&P 500 index now about 1.5% below its record high, defensive sectors including utilities and real estate were among the gainers. Tech-related stocks, which have fueled a Wall Street rally since March, posted the biggest declines and helped push the Nasdaq down more than 1% during the session.
The United States reported adding 1.8 million jobs in July, its third straight month of improvement, to boost its slowing economy that saw a record 20.5 million job losses in April.
The Dow Jones Industrial Average rose 46.50 points or 0.17% to 27,433.48; the S&P 500 gained 2.12 points or 0.06% to 3,351.28; and the Nasdaq Composite dropped 97.09 points or 0.87% to 11,010.98.
Leftover optimism, as well as bargain hunting, brought the PSEi up on Monday, particularly from a push from the property sector.
“Investors picked up on (the property) sector after it had the biggest loss last week of 3.46% week-on-week,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a text message. The property index rose 72 points or 2.56% to 2,884.12 on Monday.
Most of the other sectoral indices also ended the session with gains. Holding firms grew 103.76 points or 1.73% to 6,076.56; industrials increased 107.34 points or 1.39% to 7,822.97; services added 15.94 points or 1.12% to 1,437.12; and mining and oil climbed 43.85 points or 0.75% to 5,856.25. The only index in red territory was financials, which shed 6.06 points or 0.54% to 1,115.65 at the end of session.
Monday’s value turnover of P4.88 billion was down from Friday’s P10.92 billion. Some 82.96 billion issues switched hands.
“Trading…remained tepid with value turnover of P4.88 billion only, lower than year-to-date’s average of P6.5 billion, indicating that some investors are on the sidelines waiting for the fresh strong catalyst to move the market,” Ms. Alviar said.
Advancers outnumbered decliners, 125 against 74, while 45 names ended unchanged. Net foreign selling dropped to P714.27 million from P6.78 billion in the last session. — Denise A. Valdez
Source: https://www.bworldonline.com/bargain-hunting-pushes-benchmark-index-higher/
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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)
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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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.