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 February 7, 2017  Data)

Total Traded Value –  PhP  6.592 Billion – Low

Advances Declines Ratio – (Ideal is 2:1)   108 Declines vs.93 Advances    = 1.16:1  Neutral

Total Foreign Buying – PhP 2.657  Billion

Total Foreign Selling – (PhP  2.984  Billion)

Net Foreign Buying (Selling) – (PhP  0.327  Billion) – 2nd 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

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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Shares decline as uncertainties hang over market

Posted on February 08, 2017

LOCAL STOCKS dropped anew on Tuesday as the market consolidated and with investors choosing to remain on the sidelines amid continued uncertainties here and abroad.

The Philippine Stock Exchange index (PSEi) slipped by 0.43% or 31.76 points to close at 7,262.64 on Tuesday.

The all shares index likewise went down by 0.26% or 11.83 points to 4,385.77.

“There’s a lack of volume in the market as a whole,” said Harry G. Liu, president of Summit Securities, Inc. “Definitely [the market] is showing signs of a medium-term consolidation, waiting for further fundamentals to set in.”

Trading value eased to P6.59 billion on Tuesday, down from the P8.22 billion seen the other day, as 3.85 billion shares changed hands.

Mr. Liu said investors are looking at fundamentals, such as prospects on companies’ year-end reports, interest rate stability and the situation in the US after Donald J. Trump assumed the presidency.

“Investors have been watching these factors in the last few weeks,” he said.

Locally, the market is also looking at economic developments, including the Duterte administration’s infrastructure initiatives.

“Of course, the mining sector has its problems for the moment but the solution is to come up with the correct measures,” he said. “Even the Secretary of Finance is helping out, trying to make sure that a win-win situation is brought about.”

After days of decline, the mining and oil sub-index inched up by 0.21% or 26.06 points yesterday to finish at 11,907.65. Services and industrials were the other gainers, going up by 0.25% and 0.21% to finish at 1,428.63 and 11,193.94, respectively.

Holding firms led the decliners with a 0.84% retreat or 62.41 points to 7,315.21. Financials slipped 0.32% or 5.76 points to 1,763.50 and property dropped 0.20% or 6.89 points to 3,341.99.

Net foreign selling persisted, although it fell to P326.57 million yesterday from Monday’s P373.20 million.

Market breadth was negative as decliners outnumbered advancers, 108 to 93, while 42 names closed the session flat.

“If the fundamental factors are positive, then we will see higher levels in due time,” Mr. Liu said. “Earnings should be coming out between February and March.”

2TradeAsia.com said: “We might see some profit-taking, as most investors bank on results from local headlines before taking into large positions for today. Immediate support is 7,200, resistance at 7,340.”

Most Southeast Asian stock markets fell on Tuesday, tracking US equities, as lack of details on Mr. Trump’s economic policies pushed investors away from riskier assets.

Asian shares also eased as economic and political fears sent investors seeking shelter in the yen, while forecasts China’s foreign exchange reserves have fallen for a seventh month added to jitters. — V.V. Saulon with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=shares-decline-as-uncertainties-hang-over-market&id=140275
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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