Top Ten Smart Money Moves – May 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 May 11, 2020 Data)
Total Traded Value – PhP 4.540 Billion – Low
Advances Declines – (Ideal is 2:1) 90 Advances vs. 80 Declines = 1.13:1 Neutral
Total Foreign Buying PhP 1.773 Billion
Total Foreign Selling – (PhP 2.645) Billion
Net Foreign Buying (Selling) – (PhP 0.872) 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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Stocks up on hopes of relaxed lockdown measures
May 11, 2020 | 11:15 pm
LOCAL SHARES closed higher on Monday as investors expect positive news from the government regarding the easing of lockdown measures at the end of this week.
The bellwether Philippine Stock Exchange index (PSEi) picked up 45.99 points or 0.81% to end at 5,667.93. The broader all shares index also grew 22.44 points or 0.65% to 3,426.24.
“Local shares traded higher as investors optimistically awaited the decision of Malacañang regarding the possible lifting or even easing of the lockdown after May 15,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message.
President Rodrigo R. Duterte was expected to make an announcement last night on whether they will relax or extend the enhanced community quarantine (ECQ) in the National Capital Region. Metro Manila mayors were divided on whether to recommend an extension or lifting of the ECQ as the coronavirus disease 2019 (COVID-19) still lingers.
Despite this, investors were “hopeful that more economic restrictions will be eased especially in our top economically productive regions,” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said via text.
“The easing of restrictions would help mitigate the economic losses we are incurring this second quarter which are already expected to be deeper than the first quarter,” he added.
The market opened yesterday with some selling, which pulled the PSEi to a low of 5,627.19. It eventually rallied and hit a high of 5,681.68 before closing at 5,667.93.
Value turnover was lower at P4.54 billion from P5.86 billion in the previous session. Some 480.05 million issues switched hands.
Most sectoral indices ended with gains, led by industrials, which climbed 178.77 points or 2.44% to 7,505.56. AAA Southeast Equities, Inc. Research Head Christopher John Mangun said this can be attributed to shares in Universal Robina Corp., Jollibee Foods Corp. and Manila Electric Co., which increased 4.88%, 3.31% and 1.35%, respectively.
Mining and oil rose 67.67 points or 1.49% to 4,588.52; financials added 11.98 points or 1.04% to 1,160.06; holding firms advanced 46.68 points or 0.84% to 5,578.95; and property climbed 2.78 points or 0.09% to 2,937.75.
The sole decliner was the services index, which shed 6.30 points or 0.47% to 1,316.38.
Advancers outnumbered decliners, 90 against 80, while 55 names ended unchanged.
Net foreign outflows expanded to P871.52 million yesterday from P771.19 million in the last session.
“Retail investors were active (yesterday) with increased volatility in several second-liners and speculative issues. Confirmation of the lifting of the ECQ will send the PSEi higher and perhaps allow it to test its resistance before the end of the week,” Mr. Mangun said. — Denise A. Valdez
Source: https://www.bworldonline.com/stocks-up-on-hopes-of-relaxed-lockdown-measures/
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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.