Top Ten Smart Money Moves – March 23, 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 23, 2020 Data)
Total Traded Value – PhP 5.677 Billion – Low
Advances Declines – (Ideal is 2:1) 55 Advances vs. 133 Declines = 2.42:1 Bearish
Total Foreign Buying PhP 3.494 Billion
Total Foreign Selling – (PhP 3.938) Billion
Net Foreign Buying (Selling) – (PhP0.444) Billion – 6th day of Net Foreign Selling after a day of Net Foreign Buyin
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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PSE index ends lower on selling due to virus fears
March 23, 2020 | 9:00 pm
By Denise A. Valdez, Reporter
THE MAIN INDEX closed lower on Monday as most investors opted to sell due to fears amid the coronavirus disease 2019 (COVID-19) pandemic.
The bellwether Philippine Stock Exchange index (PSEi) slid 35.39 points or 0.74% to 4,743.37 yesterday, as the broader all shares index fell 21.63 points or 0.73% to 2,927.02.
“We saw heavy selling at the open which has been the trend since the beginning of the month. The lack of buying at the open drove prices much lower which allowed more bargain hunting,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail.
“Most investors are waiting on the sidelines as the House of Representatives held a hearing today on giving special powers to the executive branch to counter the negative effects of the pandemic,” he said on Monday.
Philstocks Financial, Inc. Research Associate Piper Chaucer E. Tan said the market is still holding the 4,500 initial support level as it remains volatile.
“Investors are still on the ‘risk-off’ sentiment… In the fixed income market, investors (also) opted to be liquid rather than get into it,” he said in a text message.
The tally of COVID-19 cases continues to rise all over the world. In the Philippines, the Department of Health reported 462 confirmed COVID-19 cases as of yesterday afternoon. Some 33 have been killed by the disease while 18 have recovered from it.
Regina Capital Development Corp. Head of Sales Luis A. Limlingan said the drop in local shares is also due to the anticipation of investors for an aid package in the United States.
“Local shares dropped as investors wait for Washington to agree to an economic stimulus and rescue plan to combat the giant economic blow from the coronavirus outbreak,” he said in a mobile message yesterday.
Back home, sectoral indices at the PSE were divided among gainers and losers yesterday. Mining and oil rose 152 points or 4.05% to 3,897.47; holding firms improved 41.55 points or 0.90% to 4,643.61; and services climbed 3.38 points or 0.32% to 1,041.09.
On the other hand, financials lost 59.56 points or 5.11% to 1,104.13; industrials shaved off 82.40 points or 1.36% to 5,940.25; and property went down 27.73 points or 1.12% to 2,440.60.
Value turnover stood at P5.68 billion with 413.31 million issues switching hands, down from last Friday’s P6.66 billion with 659.47 million issues.
Decliners beat advancers, 133 against 55, while 35 names ended unchanged. Net foreign selling was trimmed to P443.77 million from P654.70 million on Friday.
“We may continue to see the PSEi trade between 4,500 and 5,000 unless we see a spike in volatility,” AAA Southeast Equities’ Mr. Mangun said.
“Although almost a third of the total infected have recovered, some believe that we have not seen the worst. This uncertainty will continue to hound investors and cause a risk-off sentiment,” he added.
Source: https://www.bworldonline.com/pse-index-ends-lower-on-selling-due-to-virus-fears/
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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.