Top Ten Smart Money Moves – May 13, 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 13, 2020 Data)
Total Traded Value – PhP 4.790 Billion – Low
Advances Declines – (Ideal is 2:1) 64 Advances vs. 111 Declines = 1.73:1 Neutral
Total Foreign Buying PhP 2.265 Billion
Total Foreign Selling – (PhP 2.659) Billion
Net Foreign Buying (Selling) – (PhP 0.394) Billion – 6th 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 drop as Metro Manila remains on lockdown
May 13, 2020 | 9:00 pm
LOCAL SHARES retreated on Wednesday as investors assessed the economic impact of the government’s decision to keep the National Capital Region on lockdown for another two weeks.
The bellwether Philippine Stock Exchange index (PSEi) fell 25.42 points or 0.45% to close at 5,626.25 yesterday. The broader all shares index shed 15.26 points or 0.44% to 3,399.98.
“The market ended lower after investors priced in the economic impact of the government’s decision to still place major cities under lockdown measures until the end of the month,” Timson Securities, Inc. Trader Darren T. Pangan said in a text message.
He noted the extension of the quarantine in these cities would mean a majority of the second quarter, or two out of three months, would account for the period when the economy is mostly asleep.
The government announced on Tuesday that Metro Manila, Laguna and Cebu City would remain under enhanced community quarantine (ECQ) until May 31, the third time it extended the ECQ from its original April 13 deadline.
This makes the Philippines one of the countries in the world with the longest lockdown emerging from the coronavirus disease 2019 (COVID-19) pandemic, Reuters noted in a report.
But compared to how it was two months ago, the government has relaxed the quarantine measures in other provinces to a general community quarantine (GCQ). It means these areas will be allowed to operate with a bigger — but still not 100% — workforce capacity.
“On a positive note, if the areas now placed under GCQ would turn out to be successful, then cities currently under modified ECQ may follow suit in the coming weeks,” Mr. Pangan said.
Five of six sectoral indices at the PSE closed lower on Wednesday. Mining and oil dropped 59.08 points or 1.28% to 4,548.88; financials lost 10.39 points or 0.88% to 1,162.77; services shaved off 10.28 points or 0.77% to 1,310.79; property trimmed 21.61 points or 0.76% to 2,818.09; and holding firms slid 10.50 points or 0.18% to 5,594.91.
Industrials was the only sub-sector that gained, closing the session up 9.69 points or 0.12% to 7,548.71.
Value turnover stood at P4.79 billion, down from P5.37 billion in the previous day. Some 422.90million issues switched hands.
Decliners outran advancers, 111 against 64, while 48 names ended unchanged.
Net foreign selling was trimmed to P394.37 million yesterday from P968.61 million on Tuesday.
“With the market still trading sideways, nearest support still sits at the 5,500 area, while closes resistance may be pegged at 6,000,” Mr. Pangan said.
Meanwhile, Wall Street’s three major averages closed around their session lows overnight. The Dow Jones Industrial Average fell 457.21 points or 1.89%, to 23,764.78; the S&P 500 lost 60.2 points or 2.05%, to 2,870.12; and the Nasdaq Composite dropped 189.79 points or 2.06% to 9,002.55. — Denise A. Valdez with Reuters
Source: https://www.bworldonline.com/stocks-drop-as-metro-manila-remains-on-lockdown/
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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.