Top Ten Smart Money Moves – March 11, 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 March 11, 2020 Data)
Total Traded Value – PhP 6.619 Billion – Low
Advances Declines – (Ideal is 2:1) 107 Advances vs. 84 Declines = 1.27:1 Neutral
Total Foreign Buying PhP 3.744 Billion
Total Foreign Selling – (PhP 3.393) Billion
Net Foreign Buying (Selling) – PhP0.351 Billion – first day of Net Foreign Buying after 3 days of Net Foreign Selling
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 climbs further despite cautious trade
March 11, 2020 | 9:00 pm
THE MAIN INDEX marked its second consecutive day of increase yesterday, but is yet to break into the 6,400 level as investors remained cautious of the coronavirus outbreak’s economic impact.
The 30-member Philippine Stock Exchange index (PSEi) picked up 34.88 points or 0.55% yesterday to close at 6,353.26, while the broader all shares index gained 20.21 points or 0.53% to 3,808.73.
“While the market ended on a positive note gaining 34 points today, I don’t think we’re out of the woods just yet,” PNB Securities, Inc. President Manuel Antonio G. Lisbona said in a text message on Wednesday.
“The outbreak has not yet shown any signs of slowing and the economic effects of large scale lockdowns such as that of Italy’s is yet to be observed,” he added.
The months-long spread of the coronavirus disease 2019 (COVID-19) had already led to the impairment of several business operations across the world. To others, the impact was as grave as a nationwide lockdown, like that in Italy since Monday.
While the PSEi saw some improvement yesterday, most of its regional peers still closed lower. Japan’s Nikkei 225 and Topix indices fell 2.27% and 1.53%, respectively. China’s Shanghai Shenzhen CSI 300 index dropped 1.33%, Hong Kong’s Hang Seng index declined 0.63% and South Korea’s Kospi index lost 2.78%.
Wall Street roared back to life on Tuesday, rebounding from the brink of bear market confirmation as bargain-hunting and hopes of government stimulus calmed investors’ fears surrounding the coronavirus and growing signs of imminent recession.
All three major indexes jumped nearly 5% the day after equities markets suffered their biggest one-day losses since the 2008 financial crisis. Still, the S&P 500 and the Nasdaq ended the session about 15% below the record closing highs reached on Feb. 19. Sinking beyond the 20% mark would confirm a bear market.
Trading at the local bourse was initially stronger, but its gains were tempered at the market’s close “as investors weighed the prospects of fiscal stimulus to curb slower economic growth,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said.
Four of six sub-sectors ended in green territory yesterday. Industrials rose 168.63 points or 2.27% to 7,598.56; holding firms added 66.24 points or 1.07% to 6,225.11; services climbed 3.59 points or 0.29% to 1,236.22; and property inched up 6.62 points or 0.19% to 3,433.39.
On the other hand, mining and oil gave up 87.89 points or 1.52% to 5,687.52, and financials slipped 15.19 points or 0.99% to 1,517.51 at the close of Wednesday’s session.
Value turnover stood at P6.62 billion with 687.59 million issues switching hands, lower from P7.36 billion with 774.46 million issues in the previous session.
Advancers beat decliners, 107 versus 84, while 48 names ended unchanged.
Foreign investors turned buyers yesterday, with net inflows of P350.50 million from a net selling of P835.86 million the previous day. — Denise A. Valdez with Reuters
Source: https://www.bworldonline.com/main-index-climbs-further-despite-cautious-trade/
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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.