The Responsible Trader

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.

 

Trading Notes for Today –  (Based on December 8, 2016  Data)

Total Traded Value –  PhP  7.467 Billion – Low

Advances Declines Ratio – (Ideal is 2:1) 120 Advances vs. 63 Declines = 1.90:1  Neutral

Total Foreign Buying – PhP 4.580  Billion

Total Foreign Selling – (PhP  4.150 Billion)

Net Foreign Buying (Selling) – PhP  0.430  Billion – 2nd day of Net Foreign Buying after 3 days of Net Foreign Selling

 

Data from the Philippine Stock Exchange

Screenshot courtesy of: www.pse.com.ph

PSE HEAT MAP

Screenshot courtesy of PSEGET

Top Ten Foreign Buying and Selling

Top Ten in Total Traded Value

From now on, I will just quote the related article from Business World so that we will have everything in one piece:

==================================================

PSEi back above 7,000 ahead of ECB meeting

Posted on December 09, 2016

LOCAL STOCKS led the rallies in the Asian region on Thursday, with the main index surging above the 7,000 mark, as the market continued to track gains of US indices on expectations that the European Central Bank (ECB) will extend its stimulus campaign at a policy meeting scheduled last night.

The bellwether Philippine Stock Exchange index gained 2.26% or 155.57 points to a three-week high of 7,022.38. It last closed above the 7,000 level last Nov. 18.

The all-shares index jumped 1.65% or 68.57 points to 4,221.63.

“Markets got a boost ahead of the ECB meeting. There is optimism that the ECB may continue bond purchases to boost the economy. As a result, regional markets rallied today. We’re not out of the woods, but definitely this is a welcoming development for global markets,” Unicapital Securities, Inc. Research head Lexter A. Azurin said via text on Thursday.

The ECB is widely expected to extend its quantitative easing program beyond the March cut-off date, a move which comes on the heels of the failed Italian referendum vote which spurred political turmoil and anxiety in the euro zone.

The Nikkei Stock Average 225 rose 1.45% while Hong Kong’s Hang Seng Index saw a 0.27% gain.

“Local stocks were fueled by US equities closing sharply higher on awaited a monetary policy announcement from the European Central Bank… and despite a further slide in oil prices and weakness in health care after President-elect Donald (J.) Trump said ‘I don’t like what has happened with drug prices,’” Luis A. Limlingan, managing director at Regina Capital Development Corp., said in a text message.

Mr. Limlingan also cited positive US data on job openings and its labor turnover survey.

Of all the sub-sectors, only mining and oil closed in the red on Thursday, down 0.39% or 47.33 points to 12,027.85.

Property led the charge, up 4.07% or 124.62 points to 3,184.91; industrial rose 2.34% or 254.17 points to 11,116.38; services moved up 2.13% or 27.34 points up to 1,310.33; holding firms increased 1.58% or 110.52 points to 7,076.93; and financials edged up 0.38% or 6.42 points to 1,695.95.

Value turnover stood at P7.47 billion on Thursday as 1.03 billion shares changed hands, rising from the previous session’s P4.98 billion. Advancers trumped decliners, 120 to 63, while 44 shares were unchanged. Net foreign buying expanded to P430.57 million yesterday from the P150.12 billion logged last Wednesday.

Other Southeast Asian stocks gained in line with broader Asia on expectations that the ECB would extend its asset buying program

While the US Federal Reserve’s interest rate hike expected this month is already priced in, hopes of an extension of the ECB’s stimulus program are among the reasons for the rally, said Mikey Macainag, an analyst with Sunsecurities, Inc. — J.C. Lim with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-back-above-7000-ahead-of-ecb-meeting&id=137512

==================================================

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. 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/

2. The Website: :http://www.theresponsibletrader.com where we publish our daily newsletter Top Ten Smart Money Moves, Stock Trading Lessons, and Inspirational Materials. (FREE)

3. 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)

4. 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 P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion