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 April 12, 2018 Data)

Total Traded Value – PhP 5.940  Billion – Low
Advances Declines – (Ideal is 2:1) 108 Advances vs. 94 Declines = 1.15:1 Neutral
Total Foreign Buying  PhP 3.496 Billion
Total Foreign Selling – (PhP 3.343) Billion
Net Foreign Buying (Selling)  PhP 0.153  Billion – first day of Net Foreign Buying after 4 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

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:

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

Bargain hunting propels PSEi past 8,000 mark

April 12, 2018 | 6:20 pm

LAST-MINUTE bargain hunting drove the local main index to climb on Thursday to surpass the 8,000 mark anew.
The bellwether Philippine Stock Exchange index (PSEi) rose 99.14 points or 1.24% to 8,043.07 yesterday. The wider all-shares index edged up 45.11 points or 0.93% to 4,858.82.

Timson Securities, Inc. equity trader Jervin S. de Celis said the index closed higher yesterday after investors resorted to last-minute buying that lifted the index above the 8,000 level.

“This was partially due to the deals closed by our government with China which were valued at $9 billion,” Mr. De Celis said in a mobile message on Thursday.

For his part, Regina Capital Development Corp. Managing Director Luis A. Limlingan noted via text that investors were on a wait-and-see approach as they “assessed rising geopolitical tensions.”

“Philippine stocks managed to reverse the trend it has been experiencing over several days despite US stocks ending lower on Wednesday…” Mr. Limlingan said.

Mr. Limlingan cited the minutes of the Federal Open Market Committee’s meeting, which reflected a hawkish Fed that is set to raise interest rates more times this year, as widely expected by investors.

However, data released yesterday showed the US consumer price index fell for the first time in 10 months in March, dropping 0.10% from a month earlier due to the decline in the cost of gasoline.

While the weaker-than-expected economic data may cause the US Federal Reserve to reassess its planned interest rate hikes this year, it “probably urged foreign investors to buy local stocks at bargain prices today despite the slump in our neighboring markets,” according to Timson Securities’ Mr. De Celis.

All counters saw gains on Thursday. Mining and oil led the charge, surging 354.41 points or 3.25% to 11,244.95; property gained 60.64 points or 1.68% to 3,668.13; financials went up 31.15 points or 1.55% to 2,033.84; services rose 22.98 points or 1.41% to 1,649.57; industrials increased 93.42 points or 0.83% to 11,351.64; and holding firms climbed 51.55 points or 0.63% up to 8,142.13.

Trading volume expanded to 1.45 billion valued at P5.94 billion on Thursday, lower than the P6.52 billion logged the previous day.

Advancers outnumbered losers 108 to 94 while 45 names were unchanged.

Foreigners turned net buyers on Thursdays after four straight trading sessions of dumping shares. Net purchases stood at P152.80 million as compared with Wednesday’s P627.37 million.

Meanwhile, most Southeast Asian stock markets eased on Thursday as worries of potential US military action in Syria soured risk appetite.

Broader Asian shares fell after Wall Street fell overnight as US President Donald Trump warned Russia on Wednesday of imminent military action in Syria over a suspected poison gas attack, raising the prospect of direct conflict over Syria between the two world powers backing opposing sides in the seven-year-old civil war. — J.C. Lim with Reuters

Source: http://bworldonline.com/bargain-hunting-propels-psei-past-8000-mark/
=====================================================
In line with our VISION, A RESPONSIBLE 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. 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.

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 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.