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 16, 2018 Data)

Total Traded Value – PhP 6.378 Billion – Low
Advances Declines – (Ideal is 2:1) 106 Declines vs. 84 Advances = 1.26:1 Neutral
Total Foreign Buying  PhP 3.480 Billion
Total Foreign Selling – (PhP 3.960) Billion
Net Foreign Buying (Selling)  (PhP 0.480)  Billion – first day of Net Foreign Selling after 2 days 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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PSE index slips on US yields, geopolitical tension

May 16, 2018 | 9:00 pm

STOCKS FELL on Wednesday, following the downtrend in regional markets caused by rising US Treasury yields along with fresh geopolitical tension in the region.

The bellwether Philippine Stock Exchange index (PSEi) dropped to the 7,700 level intraday before trimming losses at the closing bell, finishing 0.20% or 16.41 points lower to 7,869.56. The broader all-shares index also went down 0.32% or 15.34 points to 4,754.80.

“We followed the decline in regional markets after Treasury yields hit the highest level since 2011,” AB Capital Securities, Inc. Senior Equity Analyst Lexter L. Azurin said via text.

Ten-year US Treasury yields peaked on Tuesday to 3.08%, its highest level in seven years.

“Meanwhile, there are renewed geopolitical tensions amid the US-North Korea summit. This prompted some investors to book their profits given that we’ve rallied about 5% from the recent low,” Mr. Azurin said.

North Korean leader Kim Jong Un has threatened to suspend its scheduled Singapore summit with US President Donald J. Trump on June following joint military drills conducted by the US with South Korea.

North Korea also suspended talks with South Korea because of the military drill, just a few weeks after its leaders agreed to work on the denuclearization of the Korean peninsula and to officially declare an end to the Korean War.

Following this, overnight, the Dow Jones Industrial Average gave up 0.78% or 193 points to 24,706.41. The S&P 500 index declined 0.68% or 18.68 points to 2,711.45, while the Nasdaq Composite index dipped 0.81% or 59.69 points to 7,351.63.

Back home, four sectoral counters ended in the red, with holding firms leading the decline as it dropped 0.93% or 73.46 points to 7,776.76. Industrials slipped 0.66% or 74.08 points to 11,111.66; services lost 0.25% or 3.90 points to 1,549.96; and financials down 0.02% or 0.52 point to 1,942.95.

Meanwhile, the property sector climbed 0.86% or 33.38 points to 3,903.88 while mining and oil firmed up 0.62% or 63.14 points to 10,254.48.

Some 661.03 million issues switched hands, resulting in a turnover of P6.38 billion, lower than the previous session’s turnover of P8.66 billion.

Decliners trumped advancers, 106 to 84, while 53 issues were unchanged.

Foreign investors turned sellers, clocking in net outflows of P479.58 million versus net purchases of P293.36 million on Tuesday.
Most Southeast Asian stock markets also slipped on Wednesday tracking Asian peers after North Korea called off talks with Seoul while the 10-year US Treasury yields hit a seven-year high, sparking fears of faster fund outflows from regional equities.

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.20% after the US 10-year paper crossed 3% on Tuesday, hurting US equity markets on concerns it would undercut stock valuations. — A.B. Francia with Reuters

Source: http://bworldonline.com/pse-index-slips-on-us-yields-geopolitical-tension/

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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.