Top Ten Smart Money Moves – May 12, 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 12, 2020 Data)
Total Traded Value – PhP 5.366 Billion – Low
Advances Declines – (Ideal is 2:1) 87 Advances vs. 86 Declines = 1.01:1 Neutral
Total Foreign Buying PhP 2.524 Billion
Total Foreign Selling – (PhP 3.493) Billion
Net Foreign Buying (Selling) – (PhP 0.969) Billion – 5th 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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PSE index closes lower on extended quarantine
May 12, 2020 | 9:00 pm
By Denise A. Valdez, Reporter
THE MAIN INDEX closed in red territory yesterday as investor sentiment turned sour on the extension of the lockdown in Metro Manila, Laguna and Cebu City until the end of the month.
The 30-member Philippine Stock Exchange index (PSEi) shed 16.26 points or 0.28% to 5,651.67 on Tuesday. The broader all shares index also dropped 11 points or 0.32% to 3,415.24.
“Sellers led the market after the government’s announcement on community quarantine in the Philippines,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a text message.
The government announced yesterday that quarantine measures in the National Capital Region (NCR), Laguna and Cebu City will stay until the end of the month, while the rest of the country will be put under a general community quarantine (GCQ) or no quarantine at all.
But unlike previous quarantine measures, the government now introduced a “modified enhanced community quarantine (ECQ)” which allows operations of selected manufacturing and processing plants but only up to 50% workforce capacity. Transporting services for essential goods and services will also be allowed.
This quarantine type is still stricter than a GCQ, which would allow operation of government offices and industries for up to 75% workforce capacity and flexible learning arrangements for students.
“Given that the NCR will be placed under modified enhanced community quarantine, economic recovery would take a longer period of time compared to placing it under GCQ,” Ms. Alviar said. “But still, I think it seems to be the best option for the NCR right now, slowly reopening the economy.”
For Regina Capital Development Corp. Head of Sales Luis A. Limlingan, other factors that affected the local market yesterday were the mixed performance of global equities overnight, pending resumption of construction and recreational businesses in New York, expected reopening of shops and schools in United Kingdom next month and steady price of West Texas intermediate oil at $24.5 per barrel.
Most sectoral indices at the PSE managed to end trading in green territory. Financials picked up 13.10 points or 1.12% to 1,173.16; holding firms added 26.46 points or 0.47% to 5,605.41; industrials gained 33.46 points or 0.44% to 7,539.02; mining and oil grew 19.44 points or 0.42% to 4,607.96; and services increased 4.69 points or 0.35% to 1,321.07. Property was the only index that lost, giving up 98.05 points or 3.33% to close the trading session at 2,839.70.
Some 454.17 million issues valued at P5.37 billion switched hands yesterday, slightly lower from Monday’s 480.05 million issues worth P4.54 billion.
Advancers beat decliners by a point, 87 against 86, while 45 names ended unchanged.
Foreign investors were sellers for the fifth straight day, with net outflows totalling P968.61 million.
Source: https://www.bworldonline.com/pse-index-closes-lower-on-extended-quarantine/
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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.