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 4,  2017  Data)

Total Traded Value –  PhP  6.360  Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 101 Declines vs. 93 Advances = 1.09:1  Neutral
Total Foreign Buying – PhP 2.729  Billion
Total Foreign Selling – (PhP  2.711)  Billion
Net Foreign Buying (Selling) –  PhP 0.018  Billion – third 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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Stocks to trade sideways amid lack of catalysts

Posted on August 07, 2017

LOCAL EQUITIES are expected to continue trading sideways this week without catalysts to boost the index beyond the 8,100 mark.

The 30-member Philippine Stock Exchange index (PSEi) gained 0.71% or 56.16 points to close at 7,932.82 last Friday amid thin trading volumes for most of the week.

Week on week, however, the PSEi was down from its 8,071.47 finish last July 28.

“For this week, it might be a little difficult, because there has to be a catalyst that will push it up. And right now as you push it to that area, the market will start taking their profit,” COL Financial Group, Inc. Chief Technical Analyst Juanis G. Barredo said in an interview over the weekend.

Asked if the index could break the record high this month, the analyst explained that August is seasonally a weak month. Data from the brokerage show that the index dropped by an average of 1.6% during the month from 2003 to 2017, the biggest loss next to November, which dipped by 1.3%.

“August traditionally is a weak month. So if it can happen, then you look for potential buys after August or in November in line for the year-end break of the index. Hopefully in between August and November. But I don’t know if this week, there might be some up moves, but not the 8,136. That might be a little hard to do,” Mr. Barredo said.

The PSEi’s all-time high is at 8,127.48, which was logged last April 10, 2015.

Summit Securities, Inc. President Harry G. Liu expressed the same sentiments, saying the market will continue its sideways position.

“Market continues to go on sideways, that’s how I see it. Nothing of negative, peso and dollar is quite steady. Peso is appreciating a bit, so I don’t see anything except good news to pierce the 8,100,” Summit Securities, Inc. President Harry G. Liu said in a phone interview last week.

The PSEi’s support for this week is pegged at 7,862, while resistance is at 8,118, the analysts said.

Offshore data due for release this week include Chinese trade and inflation reports, US jobless claims data, as well as US inflation numbers.

Last Friday, the US Labor Department reported that employers hired more workers than expected in July and raised their wages, signs of labor market tightness that likely clears the way for the Federal Reserve to announce a plan to start shrinking its massive bond portfolio.

US nonfarm payrolls increased by 209,000 jobs last month amid broad-based gains. June’s employment gain was revised up to 231,000 from the previously reported 222,000.

Average hourly earnings increased nine cents, or 0.3%, in July after rising 0.2% in June. That was the biggest rise in five months. Year on year, wages increased 2.5% for the fourth straight month.

Economists expect the Fed will announce a plan to start reducing its $4.2-trillion bond portfolio at its next policy meeting in September. — A.B. Francia with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-to-trade-sideways-amid-lack-of-catalysts&id=149355

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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