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 3, 2017  Data)

Total Traded Value –  PhP  6.413  Billion – Low

Advances Declines Ratio – (Ideal is 2:1)  98 Advances vs. 92 Declines = 1.07:1  Neutral

Total Foreign Buying – PhP 3.189  Billion

Total Foreign Selling – (PhP  3.028)  Billion

Net Foreign Buying (Selling) – PhP 0.161 Billion – 2nd 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

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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PHL stocks fall as investors await Fed statement

Posted on May 04, 2017

STOCKS slipped on Wednesday as traders switched to profit-taking ahead of the conclusion of the US Federal Reserve’s two-day policy meeting.

The bellwether Philippine Stock Exchange index (PSEi) failed to sustain Tuesday’s climb as it declined 0.27% or 20.84 points to close at 7,682.26 yesterday.

The broader all-shares index was also down by 0.03% or 1.45 points to close at 4,603.12.

“Investors opted to book some profits and stay at the sidelines ahead of a US Fed meeting later today,” Philstocks Financial, Inc. Senior Research Analyst Justino B. Calaycay, Jr. said in a text message on Wednesday.

The US central bank’s Federal Open Market Committee was set to conclude a two-day policy meeting overnight. Investors expect policy makers to drop hints on future rate increases.

Most sectoral indices closed in negative territory. Services led the decline as it lost 0.63% or 10.14 points to 1,596.74, followed by holding firms, which fell 0.27% or 21.46 points to 7,817.35. The industrials counter also slipped 0.23% or 26.86 points to 11,373.32; financials dropped by 0.22% or 4.3 points to 1,893.06; and property dipped by 0.02% or 0.67 point to 3,373.15.

Meanwhile, the mining and oil counter defied the market’s performance as it soared by 2.72% or 339.02 points to 12,772.82 after the Commission on Appointments (CA) rejected Regina Paz L. Lopez’s appointment as Secretary of the Department of Environment and Natural Resources.

Ms. Lopez had been bypassed twice by the commission before Wednesday’s final verdict.

“The sector was very cheerful over the CA outcome, like a black veil was lifted, a burden removed. Though the miners, I believe weren’t against Ms. Lopez’ objectives of protecting the environment by responsible industry practices, the seeming gung-ho approach to policy, the lack of clarity and the perceived arbitrariness of the orders and the decisions left the miners unsure of what direction to take,” Mr. Calaycay said.

Summit Securities, Inc. President Harry G. Liu said the CA’s rejection of Ms. Lopez’s appointment will stabilize the mining industry for the time being until President Rodrigo R. Duterte appoints another candidate.

“(Ms. Lopez) has set certain policies for the good of the industry and for the country, it removes the illegal ones,” Mr. Liu said.

Advancers beat decliners, 98 to 92, while 52 names closed flat.

A total of 3.89 billion issues changed hands for a value turnover of P6.41 billion, lower than Tuesday’s P7.25 billion. Net foreign buying dropped to P161.09 million from Tuesday’s P333.12 million.

Philex Mining Corp. is one of three key Philippine units of First Pacific Co. Ltd., the others being Metro Pacific Investments Corp. and PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Arra B. Francia
Source: http://www.bworldonline.com/content.php?section=StockMarket&title=phl-stocks-fall-as-investors-await-fed-statement&id=144676

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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