Top Ten Smart Money Moves – January 8, 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 January 8, 2020 Data)
Total Traded Value – PhP 5.172 Billion – Low
Advances Declines – (Ideal is 2:1) 60 Advances vs. 126 Declines = 2.10:1 Bearish
Total Foreign Buying PhP 2.481 Billion
Total Foreign Selling – (PhP 2.910) Billion
Net Foreign Buying (Selling) – (PhP 0.429) 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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Main index drops as US-Iran tensions escalate
January 8, 2020 | 9:00 pm
THE MAIN INDEX returned to red territory on Wednesday after investors shied away from the market due to increasing tensions between the United States and Iran.
The Philippine Stock Exchange index (PSEi) lost 104.46 points or 1.33% to close at 7,736.24 on Wednesday. The broader all shares index likewise fell 52.77 points or 1.13% to 4,595.58.
“Iran fired missiles on two US army bases in Iraq, while gold surged as investors stayed in cash and safer haven assets with rising geopolitical tensions today,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message yesterday.
Iran fired a missile attack on two Iraqi military bases that housed US coalition troops on Wednesday morning, a retaliatory act following US’ killing of Iranian military commander Qassem Soleimani last week.
US President Donald Trump and Iraqi military initially claimed zero casualties from the attack, but the market was nonetheless down following the events.
For Diversified Securities, Inc. Equity Trader Aniceto K. Pangan, the decline in the local bourse on Wednesday was also affected by the stocks of water concessionaires.
“Market was down today…also (due to) the confusion on the government’s plan on how to remove the onerous provisions in the water concession agreement whether thru imposition or negotiation,” he said in a text message on Wednesday.
President Rodrigo R. Duterte said Tuesday he is offering new water contracts to Manila Water Co., Inc. (MWC) and Maynilad Water Services, Inc., which they have to accept, otherwise the government will take over the water distribution services in Metro Manila.
These contracts, Malacañang said, will not have the same “onerous” provisions that were in the previous water contracts of MWC and Maynilad.
Shares in MWC lost 66 centavos yesterday, while shares in its parent Ayala Corp. lost 10 centavos. For Maynilad investor Metro Pacific Investments Corp., losses reached eight centavos yesterday. DMCI Holdings, Inc., which is also an investor in Maynilad, meanwhile inched up two centavos.
Sub-sectors of the local bourse were mostly losers yesterday: industrials by 226.51 points or 2.34% to 9,440.03; holding firms by 122.31 points or 1.58% to 7,606.20; financials by 26.42 points or 1.44% to 1,804.45; property by 26.58 points or 0.64% to 4,090.05; and services by 3.07 points or 0.19% to 1,544.93.
The only counter that ended in the green was mining and oil, which added 80.55 points or 1% to 8,083.22.
Value turnover on Wednesday stood at P5.17 billion with 1.76 billion issues changing hands, lower than Tuesday’s P6.49-billion worth, with 2.19 billion issues.
Stocks that declined reached 126 yesterday, double the 60 stocks that advanced at the close of trading. Some 52 stocks closed the session unchanged.
Overseas investors remained sellers on Wednesday, but net foreign outflows were trimmed to P428.75 million from Tuesday’s P492.57 million. — Denise A. Valdez
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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.