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 August 3,  2017  Data)

Total Traded Value –  PhP  5.737  Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 114 Declines vs. 83 Advances = 1.37:1  Neutral
Total Foreign Buying – PhP 2.713  Billion
Total Foreign Selling – (PhP  2.577)  Billion
Net Foreign Buying (Selling) – PhP 0.136  Billion – second day of Net Foreign Buying after 2 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:

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Main index drops below 8,000 on profit taking

Posted on August 02, 2017

THE Philippine Stock Exchange index started the so-called “ghost month” on a negative note, as investors resorted to profit-taking following the market’s 8,000-level performance last week and the slower manufacturing data for the month of June.

The 30-member bellwether index dropped by 1.39% or 111.45 points to close at 7,906.60 on Tuesday, extending the previous day’s slump.

The broader all shares index likewise declined by 0.90% or 42.95 points to 4,723.91.

“It’s usually the weakest month of the year because as you know it’s the ghost month. Secondly, it’s the start of the vacation for most of the Western markets, so volume of trading goes down, and so there’s more of the profit-taking,” Diversified Securities, Inc. equities trader Aniceto K. Pangan said in a phone interview on Tuesday.

Mr. Pangan also cited the release of Nikkei Philippines’ manufacturing purchasing managers’ index for the month of June, which showed a slower performance at 52.8 against the 54.3 recorded in May.

“It shows that the manufacturing slowed down in the month of June. So if we went up substantially during the past week, investors saw it as a means to go on profit taking,” he added.

“Philippine markets continued the sell-off during the traditionally weakest month of the year, sinking more than 100 points on Tuesday. This went against the Dow Jones industrial average hitting a record high on Monday as Wall Street rose on the back of a good earnings season,” Regina Capital Development Corp. Luis A. Limlingan said in a mobile phone message.

The Dow Jones Industrial Average hit a record closing high on Monday, helped by Boeing, while selling in Facebook, Alphabet and other technology companies checked the S&P 500 and pulled the Nasdaq lower. Overnight, the Dow Jones Industrial Average rose 0.28% to end at 21,891.12 points and the S&P 500 lost 0.07% to 2,470.3. The Nasdaq Composite dropped 0.42% to 6,348.12.

All domestic sector counters ended the session in negative territory, with the property sector posting the sharpest decline at 2.24% or 85.19 points to 3,713.78. The industrial sub-index followed, falling 1.20% or 134.05 points to 11,012.15. Holding firms likewise went down 0.96% or 77.2 points to 7,916.68; financials closed 0.85% or 16.78 points lower at 1,952.27; services dropped 0.52% or 8.75 points to 1,667.72; while the mining and oil counter lost 0.36% or 47.10 points to end at 12,828.68.

Value turnover was logged at P6.18 billion on Tuesday, down from the previous session’s P7.93 billion, with 864.59 million issues changing hands.

Decliners outpaced advancers, 114 to 86, while 48 names were unchanged. Net foreign selling ballooned to P330.80 million yesterday from Monday’s net outflow of P94.41 million.

Most other Southeast Asian markets were subdued in lackluster trade ahead of the release of a clutch of global economic data. — Arra B. Francia with Reuters
Source:

http://www.bworldonline.com/content.php?section=StockMarket&title=main-index-drops-below-8000-on-profit-taking&id=149169

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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/.

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.

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