Top Ten Smart Money Moves – March 19, 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 19, 2020 Data)
Total Traded Value – PhP 9.422 Billion – Medium
Advances Declines – (Ideal is 2:1) 8 Advances vs. 211 Declines = 26.38:1 Bearish
Total Foreign Buying PhP 4.347 Billion
Total Foreign Selling – (PhP 6.750) Billion
Net Foreign Buying (Selling) – (PhP2.403) 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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Shares plummet as trading resumes after halt
March 19, 2020 | 9:00 pm
LOCAL SHARES crashed to historic lows yesterday as the market recorded heavy sell-offs as it reopened after a two-day shutdown.
The benchmark Philippine Stock Exchange index (PSEi) dropped 711.95 points or 13.34% to 4,623.42 yesterday. The broader all shares index likewise gave up 390.21 points or 11.92% to 2,881.58.
The local bourse is now implementing shortened trading hours of 9:30 p.m. to 1 p.m. while Luzon is under quarantine until April 13.
The circuit breaker was again triggered yesterday when the PSEi fell 12.4% at the opening bell. The circuit breaker is a 15-minute trading break when the index drops at least 10%, meant to allow investors to rethink their positions.
The main index dropped to as low as 4,039.15 intraday, an “unprecedented” 24.29% drop, and peaked at 4,751.72 before settling at 4,623.42 at the close.
“As expected, the market promptly triggered the circuit breaker almost immediately on open, as two days’ worth of selling pressure was unleashed,” PNB Securities, Inc. President Manuel Antonio G. Lisbona said in a text message.
Value turnover jumped to P9.42 billion with 1.25 billion issues switching hands, compared to Monday’s P6.44 billion with 618.19 million issues.
Foreign outflows ballooned to a net selling of P2.40 billion from P741.72 million in net outflows on Monday.
“Shares plummeted as investors worried about the economic damage from the coronavirus disease 2019 (COVID-19) pandemic,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said.
Wall Street plummeted on Wednesday with the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite indices losing 6.30%, 5.18% and 4.70%. Asian markets were mostly in red territory as well.
“With a number of markets still reeling from the pandemic, we may continue to see volatility as uncertainties abound with recession now being entertained globally,” Diversified Securities, Inc. Equity Trader Aniceto K. Pangan said in a text message.
Sectoral indices back home also declined by double digits yesterday. Mining and oil wiped out 802.60 points or 17.74% to 3,720.87; financials dropped 198.24 points or 15.37% to 1,090.95; industrials shaved off 919.47 points or 13.33% to 5,975.43; holding firms cut 669.38 points or 13.11% to 4,435.78; property erased 344.45 points or 12.51% to 2,408.60; and services lost 134.79 points or 11.60% to 1,026.68.
Decliners beat advancers by a landslide, 211 against eight, while 21 names ended unchanged.
“As the local market continues to correct on these uncertainties, investors should continue to be cautious and may continue to accumulate at major support levels on fundamentally sound companies with low valuations especially on market weakness,” Mr. Pangan said. — Denise A. Valdez
Source: https://www.bworldonline.com/shares-plummet-as-trading-resumes-after-halt/
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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.