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 30, 2018 Data)

Total Traded Value – PhP 6.414 Billion – Low
Advances Declines – (Ideal is 2:1) 130 Advances vs. 84 Declines  = 1.55:1 Neutral
Total Foreign Buying  PhP 3.387 Billion
Total Foreign Selling – (PhP 3.992) Billion
Net Foreign Buying (Selling)  (PhP 0.605)  Billion – 8th 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 to take cue from PHL inflation, Fed meet

May 2, 2018 | 12:01 am

By Arra B. Francia, Reporter

STOCKS ARE seen to take their cue from the results of the United States Federal Reserve’s policy meeting on May 2, alongside local April inflation data.

The benchmark Philippine Stock Exchange index (PSEi) continued its upward movement on Monday, jumping 1.27% or 98.23 points to close at 7,819.25.

The index has been up since Thursday, lifted by the revision of debt watcher S&P Global Ratings’ credit outlook on the Philippine economy to positive from stable. Window dressing by some fund managers also helped sustain the market’s rise in the previous session.
While analysts remain cautious of prospects for the index, the three-day rally may indicate a reversal of the slump seen last month.
“For this week, we’re looking at the US Fed policy meeting on May 2 which, as of today, has a 93% probability that they will raise rates by 25 basis points. The Eurozone’s 1st Quarter GDP (gross domestic product) data will also be released this week though analysts are expecting a slower growth for the region in the first 3 months of the year,” Timson Securities, Inc. trader Jervin S. de Celis said in a mobile phone message.

Other investors expect the US Federal Open Market Committee to keep interest rates steady for this policy meeting, instead gunning for a June rate hike.

In the local front, the Philippine Statistics Authority will also be releasing inflation data on May 4. The Bangko Sentral ng Pilipinas’ Department of Economic Research released a 3.9-4.7% forecast for headline inflation last April, taking into account higher rice and oil prices. This is slightly higher than the 3.8-4.6% estimate last March.

The central bank’s forecast range is also well beyond the government’s target of 2-4%.

Meanwhile, a BusinessWorld poll among economists conducted last week resulted in a 4.5% median estimate for April inflation.
“Outside the country, investors will watch out for the typical economic data in the US such as jobless claims, PMI (purchasing managers’ index), and trade balance. Then of course there maybe further developments in the Korea Peninsula that could sustain or break the run-up,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a market note at the start of the week.

Earlier this week, Eagle Equities, Inc. Research Head Christopher John Mangun placed the market’s support level between 7,500 to 7,600, while resistance is around 7,750 to 7,880.

Overnight, the Dow Jones Industrial Average dropped 0.61% or 148.04 points to 24,163.15. The S&P 500 index shed 0.82% or 21.86 points to 2,648.05, while the Nasdaq Composite index dipped 0.75% or 53.53 points to 7,066.27.

Philippine financial markets were closed on Tuesday for Labor Day.

Source: http://bworldonline.com/stocks-to-take-cue-from-phl-inflation-fed-meet/

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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)

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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.