Top Ten Smart Money Moves – February 4, 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 February 4, 2020 Data)
Total Traded Value – PhP 9.610 Billion – Medium
Advances Declines – (Ideal is 2:1) 113 Advances vs. 73 Declines = 1.55:1 Neutral
Total Foreign Buying PhP 4.436 Billion
Total Foreign Selling – (PhP 6.665) Billion
Net Foreign Buying (Selling) – (PhP 2.229) Billion – 6th 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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PHL stocks snap losing streak on bargain hunting
February 4, 2020 | 9:00 pm
LOCAL SHARES were able to recover on Tuesday after six straight days of decline due to bargain hunters taking center stage.
The 30-member Philippine Stock Exchange index (PSEi) loaded up 89.87 points or 1.25% to close at 7,226.90 yesterday, while the broader all shares index gained 37.06 points or 0.87% to 4,293.89.
“The market ended six consecutive days of losses by rebounding 1.26% as bargain hunters positioned in the market…,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a text message yesterday.
She said after massive selling in the past days, investors “found it as an opportunity to put fundamentally sound companies in their portfolio at a bargain price.”
“The rally was also supported by the improvement of Philippine manufacturing PMI (purchasing managers’ index) in January at 52.1 from 51.7 in December last year,” Ms. Alviar added.
For Regina Capital Development Corp. Head of Sales Luis A. Limlingan, the market’s rally was also affected by subsiding worries on the novel coronavirus.
“The market recovered slightly as investor woes regarding the coronavirus started to simmer down,” Mr. Limlingan said in a mobile message.
Hong Kong reported its first death from the newly identified coronavirus on Tuesday, the second fatality outside mainland China from an outbreak that has killed over 420 people, spread around the world and raised fears for global economic growth.
The total number of infections in China rose by 3,235 to 20,438, and there were at least 151 cases in 23 other countries and regions.
Like the PSEi, other Asian also started recovering yesterday. Japan’s Nikkei 225 and Topix indices both climbed 0.49% and 0.69% respectively, Hong Kong’s Hang Seng index rose 1.21% and South Korea’s Kospi index increased 1.84%.
Even China’s Shanghai Shenzhen CSI 300 and Shanghai SE Composite indices advanced yesterday, jumping 2.64% and 1.34%, respectively.
Back home, most sub-sectors at the PSE also closed higher on Tuesday. Financials gained 35.49 points or 2.10% to 1,724.30; industrials added 156.15 points or 1.74% to 9,122.37; holding firms picked up 84.07 points or 1.22% to 6,958.81; services increased 8.50 points or 0.57% to 1,477.82; and property climbed 5.79 points or 0.15% to 3,799.01.
The sole loser was mining and oil, which dropped 44.43 points or 0.60% to 7,286.68.
Some 1.48 billion issues worth P9.61 billion switched hands yesterday, up from the 833.35 million issues valued at P5.87 billion in the previous session. Philstocks Financial’s Ms. Alviar noted this is also higher that the year-to-date average value turnover of around P6 billion.
More stocks increased than declined yesterday, 113 against 73, while 48 names ended unchanged.
Foreign investors, however, were still sellers, with net outflows ballooning to P2.23 billion yesterday from the P289.06 million seen on Monday. — Denise A. Valdez with Reuters
Source: https://www.bworldonline.com/phl-stocks-snap-losing-streak-on-bargain-hunting/
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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.