Top Ten Smart Money Moves – March 2, 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 2, 2020 Data)
Total Traded Value – PhP 6.518 Billion – Low
Advances Declines – (Ideal is 2:1) 69 Advances vs. 129 Declines = 1.87:1 Neutral
Total Foreign Buying PhP 3.000 Billion
Total Foreign Selling – (PhP 4.529) Billion
Net Foreign Buying (Selling) – (PhP1.529) Billion – 7th day of Net Foreign Selling after 2 days 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 slump further on fears over virus outbreak
March 2, 2020 | 9:00 pm
STOCKS dropped further on Monday on last-minute profit taking among investors as fears on the outbreak of the coronavirus disease 2019 (COVID-19) continue to weigh on the market.
The benchmark 30-member Philippine Stock Exchange index (PSEi) dropped by 38.63 points or 0.56% to close at 6,749.28 yesterday, while the broader all shares index decreased by 20.63 points or 0.50% to finish at 4,043.69.
According to Philstocks Financial Inc. Research Associate Claire T. Alviar, fears on the continued spread of COVID-19 affected the market.
“PSE index ended in the red on last minute profit taking as COVID-19 fears linger in the market,” Ms. Alviar said in a text message.
“While during intraday, it visited the positive territory as investors accumulate on dips, along with the rebound of some Asian markets after the major sell-off last week,” Ms. Alviar added.
World Health Organization director-general Tedros Adhanom Ghebreyesus likewise told CNBC on Sunday that the market panic was uncalled for, even after the organization on Friday raised its threat assessment for the virus to its highest level.
So far around 85,000 people in 53 countries have been infected. China, the world’s second-largest economy, is home to the vast majority of cases. About 70 have been diagnosed in the United States, Reuters reported.
Most Southeast Asian stock markets recovered from early losses on Monday as hopes grew major central banks would roll out stimulus measures to help cushion the economic fallout from the coronavirus’ spread.
On Friday, Federal Reserve Chair Jerome Powell said the central bank would “act as appropriate” to support the economy, raising hopes of a rate cut and chances that others would follow suit.
US stock index futures tumbled as trading reopened on Sunday night with investors still unnerved by the coronavirus and taking little solace from weekend comments by US officials that aimed to soothe panic about a pandemic.
S&P 500 e-mini futures were last down about 1%, indicating another bad day for the benchmark index on Monday after it fell more than 11% last week, its worst since the 2008 financial crisis.
Most sectoral indices at the PSE fell yesterday except for property, which rose by 55.64 points or 1.53% to end at 3,688.82.
Meanwhile, industrials declined by 191.54 points or 2.29% to 8,159.94; mining and oil dropped 108.29 points or 1.67% to 6,343.15; financials plummeted 24.5 points or 1.52% to 1,581.49; holding firms gave up 50.58 points or 0.76% to 6,576.50; and services went down 5.52 points or 0.4% to 1,345.86,
Value turnover dropped to P6.52 billion on Monday with 946.27 million shares changing hands from the P11.39 billion traded last Friday.
Decliners outnumbered advancers, 129 against 69, with 46 names closing unchanged.
Net foreign selling continued but thinned to P1.53 billion on Monday from the P4.08 billion recorded last Friday. — RMDO with Reuters
Source: https://www.bworldonline.com/shares-slump-further-on-fears-over-virus-outbreak/
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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.