Top Ten Smart Money Moves – August 11, 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 August 11, 2020 Data)
Total Traded Value – PhP 5.073 Billion – Low
Advances Declines – (Ideal is 2:1) 115 Advances vs. 84 Declines = 1.37:1 Neutral
Total Foreign Buying PhP 1.848 Billion
Total Foreign Selling – (PhP 2.225) Billion
Net Foreign Buying (Selling) – (PhP 0.377) Billion – 3rd 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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PSEi rises as Duterte hints of easing lockdown
August 11, 2020 | 9:00 pm
By Denise A. Valdez, Senior Reporter
LOCAL SHARES closed higher on Tuesday over investor optimism that the current two-week lockdown will not be extended beyond Aug. 18.
The 30-member Philippine Stock Exchange index (PSEi) climbed by 23.02 points or 0.38% to close at 5,953.94. The broader all shares index moved up 23.92 points or 0.68% to end at 3,537.29.
“The PSEi inched higher (on Tuesday) as investors drew optimism from President Duterte’s speech (on Monday) wherein he announced that the current (lockdown) on Metro Manila will not be extended to allow the economy to recover,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail.
President Rodrigo R. Duterte in a televised speech on Monday night told healthcare workers he can no longer respond to requests for a lockdown as “funds are already depleted.”
“I can’t stop the public from going out anymore, because I don’t have money to provide for them. They need to go out to work,” he said in Filipino.
This means the stricter lockdown in Metro Manila and select areas — in place from Aug. 4-18 — is unlikely to be extended.
“(The PSEi rose) as investors look forward to the upcoming meeting of top trade officials between the US and China, set to happen this weekend,” Timson Securities, Inc. Trader Darren T. Pangan said in a text message.
In an interview with Xinhua news agency, China’s central bank governor said the country will uphold its commitment to the US for the “phase one” trade deal, despite the tarnished relationship of the two countries relating to the coronavirus pandemic.
“In the remaining days of the week, we’ll have to see if the index revisits the 6,000 territory which most market participants see as a significant resistance area, otherwise 5,800 seems to be the nearest support area,” Mr. Pangan added.
Four of six sectoral indices ended Tuesday’s session with gains. Services rose 21.96 points or 1.52% to 1,459.08; holding firms improved 38.29 points or 0.63% to 6,114.85; property climbed 8.16 points or 0.28% to 2,892.28; and mining and oil picked up 1.71 points or 0.02% to 5,857.96.
On the other hand, financials lost 5.52 points or 0.49% to 1,110.13; and industrials slipped 3.45 points or 0.04% to 7,819.52 at the close of trading.
Value turnover on Tuesday stood at P5.07 billion with 5.31 billion issues switching hands, up from the previous day’s P4.88 billion with 82.96 billion issues.
Advancers outpaced decliners, 115 against 84, while 38 names ended unchanged.
Foreign investors remained sellers, but net outflows were trimmed to P377.14 million from P714.27 million the previous day.
“The general sentiment remains cautious as investors await monetary or fiscal policy adjustment from the central bank in next week’s meeting,” Mr. Mangun said.
Source: https://www.bworldonline.com/psei-rises-as-duterte-hints-of-easing-lockdown/
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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.