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 24, 2018 Data)

Total Traded Value – PhP 6.226 Billion – Low
Advances Declines – (Ideal is 2:1) 109 Declines vs. 74 Advances = 1.47:1 Neutral
Total Foreign Buying  PhP 3.284 Billion
Total Foreign Selling – (PhP 3.415) Billion
Net Foreign Buying (Selling)  (PhP 0.131)  Billion – 7th 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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PSEi rebounds as Fed minutes signal gradual hikes

May 24, 2018 | 9:00 pm

THE MAIN INDEX snapped its six-day losing streak on Thursday, accelerating after the US Federal Reserve’s meeting minutes hinted on gradual interest rate hikes for the rest of the year.

The bellwether Philippine Stock Exchange index (PSEi) went back to the 7,600 level Thursday, May 24, climbing 1.21% or 92.06 points to finish at 7,652.53.

The broader all-shares index likewise rose 0.76% or 35.35 points to close at 4,647.35.

“Philippine stocks recovered to end the session higher, after the Federal Reserves’ May 2 meeting confirmed that policy makers support a June rate increase and are maintaining a calm attitude about the inflation outlook,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.

The Fed released the minutes of its May meeting on Wednesday, which included hints of a possible rate hike at their June policy review.

“There was bargain hunting after the Fed released its minutes of the meeting that they will pursue a gradual interest rate increase policy, which is favorable to emerging markets like the Philippines. This resulted in the appreciation of the peso, and the lowering of the 10-year US yields to less than 3%,” Diversified Securities, Inc. equities trader Aniceto K. Pangan said in a phone interview.

Wall Street indices ended in positive territory following the release of the minutes. The Dow Jones Industrial Average went up 0.21% or 52.40 points to 24,886.81. The S&P 500 index picked up 0.32% or 8.85 points to 2,733.29, while the Nasdaq Composite index firmed up 0.64% or 47.50 points to 7,425.96.

Mr. Pangan added that news of more rate hikes improved sentiment among local investors.

Four sectoral indices were gainers, led by financials, which jumped 2.27% or 42.19 points to 1,894.05. Holding firms advanced 1.26% or 93.27 points to 7,474.32, while property added 0.95% or 36.35 points to 3,838.13. Services also went up by 0.30% or 4.62 points to 1,518.91.

Meanwhile, the mining and oil counter lost 2.48% or 247.68 points to 9,710.33, after Semirara Mining and Power Corp. dropped 2.59% or 75 centavos to close at P28.20 each. Industrials was also down by 0.09% or 9.99 points to 10,895.03.

Some 1.72 billion issues switched hands for a total turnover of P6.23 billion, higher than Wednesday’s P5.88 billion.
Decliners still trumped advancers, 109 to 74, while 57 issues closed flat.

Foreign investors remained sellers, although net outflows slimmed to P131.27 million from P649.85 million in the previous session.

In the region, most Asian stocks closed lower on Thursday as investors remained cautious of recent developments on the US’ trade war with China.

US President Donald J. Trump has signaled a new direction in US-China trade talks and said any deal would need “a different structure,” fueling uncertainty over current negotiations.

In an early Wednesday morning post on Twitter, Mr. Trump said the current track appeared “too hard to get done” and cited difficulties. — A.B. Francia with Reuters

Source: http://bworldonline.com/psei-rebounds-as-fed-minutes-signal-gradual-hikes/

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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.