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 Mar. 10, 2016  Data)

Total Traded Value –  PhP7.425 Billion –  Low

Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 130 Advances vs. 52 Declines = 2.50:1  Bullish

Total Foreign Buying – PhP 3.545 Billion

Total Foreign Selling – (Php 3.027) Billion

Net Foreign Buying (Selling) – Php 0.518 Billion – ^1st day of Net Foreign Buying after a day of Net Foreign Selling

 

Data from the Philippine Stock Exchange

Screenshot courtesy of: www.pse.com.ph

PSE Heat Map

Screenshot courtesy of: PSEGET Software

 

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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Posted on March 10, 2016 09:21:00 PM

By Krista A. M. Montealegre, Senior Reporter

Index back above 7,000 as sentiment improves

STOCKS hit their highest level in more than three months to push the benchmark Philippine Stock Exchange index (PSEi) above the 7,000 line yesterday, as risk appetite improved on expectations of more stimulus from central banks.

The bellwether PSEi rallied 99.90 points or 1.43% to close at 7,048.08, extending its winning streak to a third session. It was the local barometer’s highest finish since settling at 7,060.60 on Dec. 1, 2015, Luis A. Limlingan, business development head at Regina Capital Development Corp., said in a mobile phone message.

Year to date, the composite index is up 1.38% after losing as much as 12.45%.

The all-shares index advanced 47.50 points or 1.18% to end at 4,069.87.

“We rallied along with Asian markets on optimism of possible stimulus bets in the upcoming ECB (European Central Bank) meeting,” Lexter A. Azurin, head of research at Unicapital Securities, Inc., said in a telephone interview.

Global risk appetite has been improving since oil and commodities prices rebounded from recent lows, encouraging investors to pick up equities after a turbulent start to the year.

“For a time, investors did not know how deep it (selling) will go so they just stayed on the sidelines. We may have seen the worst or it sends this feeling to investors that so far so good. At least we have seen the low for now,” COL Financial Group, Inc. Vice-President and Head of Research April Lynn L. Tan said in a separate interview.

Mining and oil was the lone counter in negative territory, ending down 55.33 points or 0.49% to 11,186.73.

Services jumped 26.29 points or 1.90% to 1,403.34; holding firms rose 118.68 points or 1.74% to 6,937.13; property added 41.64 points or 1.45% to 2,913.63; financials went up 21.04 points or 1.37% to 1,552.75; and industrial inched up 69.38 points or 0.60% to 11,563.54.

Value turnover eased to P7.42 billion after 1.04 billion shares changed hands, from Wednesday’s P8.32 billion.

Advancers dominated decliners, 130 to 52, while 39 issues were unchanged.

Foreigners reversed their position, shifting to buying territory with net purchases of P518.78 million — a turnaround from the net sales of P334.22 million in the prior session.

The PSEi has broken out of its downtrend line, pointing to a possible test of the next resistance level at 7,200, analysts said, but preached caution as external concerns linger and domestic earnings have failed to prop up the market.

“China continues to disclose weak economic numbers and the fact that central banks announcing stimulus measures, economic conditions are not yet that good. I’m not convinced that fundamental factors have reversed,” COL Financial’s Ms. Tan said.

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=index-back-above-7000-as-sentiment-improves&id=124354

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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 P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion