Top Ten Smart Money Moves – August 27, 2020
Top Ten Smart Money Moves, starting January 2015, is the official startups and SMEswidth: auto !important; background: transparent !important;” title=”Click to Continue > by Info” href=”#”>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 employee paystub requirements 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 27, 2020 Data)
Total Traded Value – PhP 17.458 Billion – High
Advances Declines – (Ideal is 2:1) 98 Advances vs. 86 Declines = 1.14:1 Neutral
Total Foreign Buying PhP 1.515 Billion
Total Foreign Selling – (PhP 2.629) Billion
Net Foreign Buying (Selling) – (PhP 1.114) Billion – 8th 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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Local shares drop further on coronavirus worries
August 27, 2020 | 9:00 pm
THE MAIN INDEX closed nearly flat on Thursday, trading with a negative bias as investor sentiment remained tepid due to the coronavirus disease 2019 (COVID-19) pandemic.
The bellwether Philippine Stock Exchange index (PSEi) slid 9.78 points or 0.16% to close at 5,921.55, while the broader all shares index picked up by just 0.17 point to end at 3,544.41.
Investors were trading conservatively during Thursday’s trading as COVID-19 uncertainties continued to weigh on the outlook for the economy, AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail.
“This is a trend that we are seeing worldwide. The difference is that markets abroad are at multi-year and all-time highs, recovering almost all losses for the year, while our market still reflects losses caused by pandemic,” Mr. Mangun said.
“Our market has tracked the economy more realistically compared to markets abroad,” he added.
US markets continued their uptrend at the close of Wednesday’s session: the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite indices all increased 0.30%, 1.02% and 1.73%, respectively.
In Asia, most markets were going up in the past days before economic data tempered their climb on Thursday.
These developments came despite global COVID-19 cases still rising every day, hitting 24.18 million based on data from Johns Hopkins University. The Philippines reported 5,277 new cases on Wednesday, reaching a total of 202,361.
Besides growing COVID-19 cases, the “perceived notion of a lack of stimulus from the government” was another factor that brought the PSEi down, Mr. Mangun said.
Eleven of 30 PSEi members ended Wednesday’s trading in red territory, led by Manila Electric Co. (-3.19%), Bloomberry Resorts Corp. (-2.91%), Aboitiz Equity Ventures, Inc. (-2.49%), LT Group, Inc. (-1.78%) and SM Investments Corp. (-1.58%).
“Market was slightly down despite the positive market breadth after it was dragged lower by the SM block,” Diversified Securities, Inc. Equity Trader Aniceto K. Pangan said in a text message.
Four of six sectoral indices also closed the session with losses. Holding firms went down 37.81 points or 0.61% to 6,148.30; services shed 6.05 points or 0.41% to 1,464.72; property trimmed 9.04 points or 0.32% to 2,758.96; and industrials slid 20.80 points or 0.26% to 7,832.04.
Gainers were mining and oil, which rose 236.65 points or 4.06% to 6,054.86; and financials, which went up 18.89 points or 1.69% to 1,132.42 at the end of trading.
Value turnover on Thursday stood at P17.46 billion with 5.08 billion issues switching hands, up from P4.91 billion with 1.22 billion issues during the previous day.
Advancers outnumbered decliners, 98 against 86, while 57 names ended unchanged.
Net foreign selling continued for the eighth straight day and ballooned to P1.11 billion on Thursday from P614.1 million on Wednesday. — Denise A. Valdez
Source: https://www.bworldonline.com/local-shares-drop-further-on-coronavirus-worries/
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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.