Top Ten Smart Money Moves – September 4, 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 how technology can simplify HR processes 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 payroll for small business.
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 September 4, 2020 Data)
Total Traded Value – PhP 5.454 Billion – Low
Advances Declines – (Ideal is 2:1) 77 Advances vs. 104 Declines = 1.35:1 Neutral
Total Foreign Buying PhP 2.621 Billion
Total Foreign Selling – (PhP 3.391) Billion
Net Foreign Buying (Selling) – (PhP 0.770) Billion – 13th 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:
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PHL stocks to move sideways on lack of catalysts
September 7, 2020 | 12:01 am
By Denise A. Valdez, Senior Reporter
LOCAL SHARES are expected to move sideways this week as investors continue to weigh the impact of continuing quarantine measures that restrict many sectors to limited operations.
The Philippine Stock Exchange index (PSEi) closed Friday’s session up 12.23 points or 0.21% to 5,785.09. But on a weekly basis, it went down 1.68% or 99.09 points.
Value turnover last week fell 34% to an average of P5.99 billion, but net foreign selling was trimmed 3% to an average of P946.36 million.
Last week’s trading was cut to four days due to a holiday for National Heroes’ Day on Monday.
“Weakness reigned, with not enough positive catalysts at home to nudge the bellwether higher. Investors weighed-in on the (lockdown) extension in Metro Manila, and on the release of labor numbers for July,” online brokerage 2TradeAsia.com said in a market note.
The government announced last week that existing quarantine protocols in Metro Manila, which restrict several business sectors to limited operations, will be extended for the whole of September.
This means sectors that facilitate a heavy volume of people, such as construction, entertainment, tourism and accommodation, and food services, would have capacity limitations of 30-50% even in the least restrictive quarantine protocols, 2TradeAsia.com noted.
“This highlights the critical need for (local government units) to revert to quarantine-free — not just relaxed quarantine — policy to fast-track recovery of the labor market,” the brokerage said.
This concern was on one end of investors’ considerations, while on the other end was the improvement of labor data for the month of July. The government reported last week that unemployment in July was reduced to 4.6 million from a record 7.3 million in April.
“Recall that labor directly feeds into (gross domestic product), and sentiment will remain glued on whether the recovery can remain steady-state until the next survey in October,” 2TradeAsia.com said.
For the coming week, the PSEi is seen to move within the 5,500 to 5,800 range barring any shocks or surprises, PNB Securities, Inc. President Manuel Antonio G. Lisbona said.
“The primary driver for strong upward move will be positive developments on a vaccine or treatment or strong evidence that infection rates have gone down. Drivers for strong downward move: US election uncertainties, sustained decline in US markets, anti-COVID-19 vaccine delay and evidence of rising cases,” he said in a text message.
US markets ended lower on Friday’s session, with the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite indices all losing 0.56%, 0.81% and 1.27%, respectively.
2TradeAsia.com is putting immediate support for the PSEi at 5,500 and resistance within 5,800-6,000.
Source: https://www.bworldonline.com/phl-stocks-to-move-sideways-on-lack-of-catalysts/
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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.