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 6,  2017  Data)

Total Traded Value –  PhP  6.619  Billion – Low
Advances Declines – (Ideal is 2:1)  95 Advances vs.  90 Declines = 1.06:1 Neutral
Total Foreign Buying – PhP 3.249  Billion
Total Foreign Selling – (PhP 3.957)  Billion
Net Foreign Buying (Selling) – (PhP 0.708)  Billion –4th day of Net Foreign Selling after a  day of  Net Foreign Buying

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:

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Stocks down as investors turn cautious on tax bill

December 7, 2017

THE MAIN INDEX slumped anew on Wednesday, failing to sustain early gains, as investors turned cautious on the government’s tax reform program.

The benchmark Philippine Stock Exchange index (PSEi) dropped 0.18% or 15.38 points to close at 8,129.62 yesterday.

The all-shares index likewise shed 0.09% or 4.66 points to finish at 4,781.40.

Diversified Securities, Inc. equity trader Aniceto K. Pangan said the index’s movement in previous days was mostly due to technical corrections as investors take on a wait-and-see stance on the government’s tax reform program.

“There’s a continued concern of investors with regards to the tax reform plan of the government, and it is still creating this correction within the market. Especially with the big difference of the Senate vis-à-vis with that of the House of Representatives,” Mr. Pangan said in a phone interview yesterday.

The government is eyeing the implementation of new tax collection schemes by next quarter should Congress complete the reconciliation of two different versions of the bill from the Senate and the House of Representatives.

“I believe this is the main reason that the market is moving towards the correction period,” Mr. Pangan said, adding that investor confidence would be dependent on the final version of the tax reform program.

Summit Securities, Inc. President Harry G. Liu also attributed the decline to the tax reform program, but further noted a psychological effect on the index due to the lower performances of its Asian counterparts.

“Basically it follows most of the Asian market, it’s triggered by the Japanese market. Environment whole day was really setting a pressure for the market to be negative,” Mr. Liu said in a phone interview.

Japan’s Nikkei 225 took a 1.97% plunge on Wednesday, shedding 445.34 points to 22,177.04. The MSCI Asia Apex 50 meanwhile lost 1.91% or 25.09 points to 1,285.59.

Back home, sectoral counters were split, with three posting gains and three sustaining losses. The services sector advanced the most, rising 1.02% or 16.16 points to 1,597.70, followed by industrials which added 0.75% or 79.9 points to 10,732.90, and financials which climbed 0.13% or 2.75 points to 2,077.13.

Meanwhile, the property sub-index logged the largest drop at 1.05% or 40.72 points to 3,806.54. Mining and oil was down 0.97% or 111.11 points, while holding firms slipped 0.44% or 36.44 points to 8,236.71.

A total of 734.65 million issues changed hands for a P6.62-billion trading value for Wednesday. This is slimmer than the P7.81 billion recorded on Tuesday.

Decliners narrowly beat advancers, 95 to 90, while 59 issues were unchanged.

Foreign selling widened to P707.87 million on Wednesday from the P127.03 million recorded in the previous trading day. — Arra B. Francia

Source: http://bworldonline.com/stocks-investors-turn-cautious-tax-bill/

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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 continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:

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.