Top Ten Smart Money Moves – August 24, 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 https://www.stocktrades.ca/ 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 24, 2020 Data)
Total Traded Value – PhP 10.270 Billion – Medium
Advances Declines – (Ideal is 2:1) 72 Advances vs. 112 Declines = 1.56:1 Neutral
Total Foreign Buying PhP 2.183 Billion
Total Foreign Selling – (PhP 3.224) Billion
Net Foreign Buying (Selling) – (PhP 1.041) Billion – 5th day of Net Foreign Selling after 2 days 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 sinks to 5,900 level on heavy foreign selling
August 24, 2020 | 9:00 pm
By Denise A. Valdez, Senior Reporter
THE MAIN INDEX returned to the 5,900 level on Monday due to the absence of a strong catalyst, which caused a sell-off in more than half of blue-chip stocks.
The benchmark Philippine Stock Exchange index (PSEi) lost 61.82 points or 1.02% to close at 5,943.58, while the broader all shares index dropped 32.49 points or 0.9% to end at 3,540.57.
“The local bourse declined due to lack of strong fresh leads in the market that have triggered net foreign selling worth P1.04 billion, dragging the market below the 6,000 psychological line,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a text message.
Investors remained trading with local coronavirus cases in mind as infections grew to 189,601 as of Sunday. Some 2,378 new cases were reported, of which 1,022 came from Metro Manila.
Across the world, 23.42 million coronavirus cases have been tallied by Johns Hopkins University, of which 808,681 have died.
At the close of the market, 17 out of 30 PSEi members declined, led by SM Prime Holdings, Inc. (-3.23%), San Miguel Corp. (-2.91%) and Ayala Land, Inc. (-2.39%).
Ten PSEi members increased, among which are PLDT, Inc. (2.34%), Universal Robina Corp. (2.04%) and Ayala Corp. (1.78%).
“Only a handful of PSEi issues ended with gains today, particularly sectors that have remained strong despite the pandemic,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail on Monday.
Half of sectoral indices ended in green territory: mining and oil rose 90.98 points or 1.60% to 5,773.89; industrials gained 65.52 points or 0.84% to 7,857.78; and services climbed 3.33 points or 0.23% to 1,453.60.
On the other hand, property slid 72.95 points or 2.52% to 2,811.68; holding firms fell 77.33 points or 1.23% to 6,169.72; and financials shed 9.16 points or 0.81% to 1,121.78 at the end of session.
“The property index took the biggest hit again today as property heavyweights, (Ayala Land) and (SM Prime) continued lower, wiping out all of its gains in June and July as mall revenues continue to drop as the masses avoid crowded areas,” Mr. Mangun said.
Value turnover on Monday stood at P10.27 billion with 2.28 billion issues switching hands, up from the last session’s P4.05 billion with 1.5 billion issues.
Decliners outnumbered advancers, 112 against 72, while 59 names ended unchanged.
Meanwhile, Asian shares advanced for a second straight session on Monday, underpinned by coronavirus hopes after US regulators authorized the use of blood plasma from recovered patients as a treatment option, Reuters reported.
MSCI’s broadest index of Asia-Pacific shares outside of Japan jumped 0.8%, edging closer to a six-month high touched last week.
Japan’s Nikkei reversed early losses to be last up 0.3%. Chinese shares rose too with the blue-chip CSI 300 index adding 0.8%. — with Reuters
Source: https://www.bworldonline.com/psei-sinks-to-5900-level-on-heavy-foreign-selling/
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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.