Top Ten Smart Money Moves – March 3, 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.
================================
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.
========================================================
Trading Notes for Today – (Based on March 3, 2020 Data)
Total Traded Value – PhP 5.834 Billion – Low
Advances Declines – (Ideal is 2:1) 108 Advances vs. 82 Declines = 1.32:1 Neutral
Total Foreign Buying PhP 2.974 Billion
Total Foreign Selling – (PhP 3.889) Billion
Net Foreign Buying (Selling) – (PhP0.915) Billion – 8th 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:
==================================================
Stocks rise ahead of G7 call on virus response
March 3, 2020 | 9:00 pm
By Denise A. Valdez, Reporter
THE MAIN INDEX closed higher on Tuesday as investors across the world anticipate new measures from intergovernmental economic organization Group of Seven (G7) to address the coronavirus disease 2019 (COVID-19) outbreak.
The 30-member Philippine Stock Exchange index (PSEi) picked up 41.26 points or 0.61% to end 6,790.54 on Tuesday, while the broader all shares index added 18.56 points or 0.45% to 4,062.25.
“Local and regional (stocks) recovered as the G7 leaders are planning on leading a global teleconference tonight to discuss actions against the coronavirus outbreak,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message yesterday.
The G7 — comprised of advanced economies Canada, France, Germany, Italy, Japan, United Kingdom and United States — are taking a more active role in addressing the threat on global markets and economies due to COVID-19 with a conference call scheduled at 8 p.m. last night, Philippine time.
Asian markets ended mixed on Tuesday. Japan’s Nikkei 225 and Topix indices lost 1.22% and 1.36%, respectively, and Hong Kong’s Hang Seng index slipped 0.03%.
But China’s Shanghai SE Composite and Shenzhen CSI 300 indices gained 0.74% and 0.53%, respectively, and South Korea’s Kospi index advanced 0.44%.
AAA Southeast Equities, Inc. Research Head Christopher John Mangun and Philstocks Financial, Inc. Research Associate Claire T. Alviar said the rise in Asian equities was driven by the upswing in Wall Street on Monday. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite indices grew 5.09%, 4.60% and 4.49%, respectively.
Sectoral indices at the PSE were mostly gainers yesterday: financials by 22.63 points or 1.43% to 1,604.12; holding firms by 49.04 points or 0.74% to 6,625.54; property by 18.36 points or 0.49% to 3,707.18; and mining and oil by 16.38 points or 0.25% to 6,359.53.
Closing in red territory were industrials, which lost 37.78 points or 0.46% to 8,122.16; and services, which shed 0.37 point or 0.02% to 1,345.49.
Despite yesterday’s gains, Philstocks Financial’s Ms. Alviar said the rally might be short-lived, noting value turnover stood at P5.83 billion which was “weaker compared with the past sessions of around P8 billion.”
“This shows that most investors are still on the sidelines worrying the impact of the virus in the Philippine economic growth,” Ms. Alviar said in a text message.
But for AAA Southeast Equities’ Mr. Mangun, it appears the worst is over for the PSEi and investors are regaining confidence in the market. “If the main index ends the week above this support line, we may see a reversal and see it start going higher,” he said.
Advancers outpaced decliners, 108 against 82, while 46 names closed the session unchanged.
Net foreign selling dropped to P915.46 million yesterday from Monday’s P1.53 billion.
Source: https://www.bworldonline.com/stocks-rise-ahead-of-g7-call-on-virus-response/
=====================================================
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)
===================================================
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.