Top Ten Smart Money Moves – July 30, 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 July 30, 2020 Data)
Total Traded Value – PhP 5.085 Billion – Low
Advances Declines – (Ideal is 2:1) 114 Advances vs. 78 Declines = 1.46:1 Neutral
Total Foreign Buying PhP 2.252 Billion
Total Foreign Selling – (PhP 2.816) Billion
Net Foreign Buying (Selling) – (PhP 0.564) Billion – 4th 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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Technical rebound seen after last week’s slump
August 3, 2020 | 12:01 am
PHILIPPINE SHARES may recover this week on a technical bounce despite the wave of second-quarter earnings reports anticipated to reflect declines.
The 30-member Philippine Stock Exchange index (PSEi) closed lower by 37.82 points or 0.63% to 5,928.45 on Thursday.
On a weekly basis, the index was down by 1.2%, marking its fourth straight week of decline and ending its three-month run of gains.
The market was closed for trading on Friday in observance of Eid’l Adha.
Value turnover for the four-day trading week climbed 10% to an average of P4.23 billion. Net foreign selling expanded 51% to an average of P521.2 million.
Sentiment last week was primarily driven by gross domestic product (GDP) reports across the globe, which showed the economic blow caused by the coronavirus disease 2019 (COVID-19) pandemic, AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in a market note.
Increasing COVID-19 cases in the country, which rose by 20,000 cases over the week to 98,232 on Saturday, also weighed on investor sentiment.
But the PSEi may snap out of its slump this week despite the continued flow of second-quarter corporate and macroeconomic reports, Mr. Mangun said.
“After four consecutive weeks of losses, the main index is due for a technical bounce and we may see it fulfilled in the coming week. This will be accompanied by an increase in trading volumes,” he said in a market note.
“Despite the negative economic data that will be coming our way…, the market may move in the opposite direction, just when everyone least expects it, as it has been moving irrationally since the beginning of this ‘new normal,’” he added.
On the other hand, online brokerage 2TradeAsia.com believes the upcoming data may push investors away, noting the month of August may see slower sessions at the local bourse.
“Uncertainties may prevail on (the second half) trajectory, as participants wait how companies will undertake their capex line-up,” it said in a market note.
Some corporate earnings expected this week are from Globe Telecom, Inc.; Metropolitan Bank & Trust Co.; SM Investments Corp.; Metro Pacific Investments Corp.; PLDT, Inc.; San Miguel Corp., International Container Terminal Services, Inc.; and Ayala Land. Inc.
The government is also scheduled to release second-quarter GDP data on Thursday.
2TradeAsia.com is putting immediate support within 5,500-5,700 and resistance within 5,980-6,000. Mr. Mangun is putting support within 5,800-5,700 and resistance within 5,970-6,040.
Meanwhile, global stock markets fell on Friday as doubts about the economic recovery from the coronavirus pandemic overshadowed strong earnings from US technology firms, while the dollar rose but was still set for its worst month in a decade, Reuters reported. — Denise A. Valdez
Source: https://www.bworldonline.com/technical-rebound-seen-after-last-weeks-slump/
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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.