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 May 10, 2018 Data)

Total Traded Value – PhP 5.497 Billion – Low
Advances Declines – (Ideal is 2:1) 104  Advances vs. 85 Declines = 1.22:1 Neutral
Total Foreign Buying  PhP 2.335 Billion
Total Foreign Selling – (PhP 3.450) Billion
Net Foreign Buying (Selling)  (PhP 1.115)  Billion – 4th day of Net Foreign Selling  after a day of  Net Foreign Buying

Data from the Philippine Stock Exchange

Screenshot courtesy of 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 rise on strong Q1 economic growth data

May 10, 2018 | 9:00 pm
By Arra B. Francia, Reporter

LOCAL EQUITIES firmed up on Thursday, albeit with minimal gains, following the release of first-quarter economic growth figures that stayed within market expectations.

The 30-member Philippine Stock Exchange index (PSEi) climbed 0.20% or 15.73 points to close at 7,571, while the broader all-shares index added 0.20% or 9.42 points to 4,629.91.

“Overall the market just continued at the technical side, supported at the 7,500 level…Definitely GDP (gross domestic product) has already been inputted in the last few days. It was good news, ’cause if it wasn’t, the market would have ended lower,” Summit Securities, Inc. President Harry G. Liu said in a phone interview.

The Philippine Statistics Authority on Thursday reported that GDP growth for the first quarter came in at 6.8%, within market expectations but below the government’s 7-8% target for 2018.

“I guess this made the buying spree a bit weak today,” Timson Securities, Inc. trader Jervin S. de Celis said in a mobile phone message on Thursday.

Socioeconomic Planning Secretary Ernesto M. Pernia blamed higher inflation for hampering the country’s growth. If not for first-quarter inflation which stood at 4.5%, Mr. Pernia said that real GDP growth would have stayed within the government’s target.

On the other hand, the Bangko Sentral ng Pilipinas also decided to hike interest rates by 25 basis points after the market’s close on Thursday. The central bank also raised its inflation forecast to 4.6% in 2018 from 3.9% previously and 3.4% in 2019 from 3% before.
“The rise in inflation forecast for 2018 to 4.6% may also keep sentiments subdued until our index finds a solid catalyst and a strong support to resume its uptrend… This one has been hinted by the central bank a few days ago as well so I think the rate hike is somewhat priced in too in the index,” Mr. de Celis said.

Sectoral indices were split between gainers and losers. Financials advanced 1.36% or 25.33 points to 1,885.85. Services went up 0.57% or 8.7 points to 1,519.42, while property added 0.39% or 14.04 points to 3,607.25.

Meanwhile, holding firms lost 0.49% or 37.51 points to 7,562.66; mining and oil dipped 0.19% or 19.84 points to 10,075.38, while industrials shed 0.13% or 15.45 points to 11,080.63.

Trading volume remained thin at P5.50 billion after some 880.85 million issues switched hands, although higher than Wednesday’s P4.96-billion turnover.

“Volume is very thin, so any good news will definitely set a rally to the market to the resistance which I think is now at 7,800. Whatever news that comes out will just give the market a consolidation period,” Mr. Liu said.

Advancers trumped losers, 104 to 85, while 55 issues remained flat.

Net foreign outflows ballooned to P1.11 billion on Thursday from the P638.33-million net sales seen in the previous session.

Source: http://bworldonline.com/stocks-rise-on-strong-q1-economic-growth-data/

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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 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.