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 9, 2018 Data)

Total Traded Value – PhP 4.962 Billion – Low
Advances Declines – (Ideal is 2:1) 113 Declines vs. 73 Advances = 1.55:1 Neutral
Total Foreign Buying  PhP 2.581 Billion
Total Foreign Selling – (PhP 3.219) Billion
Net Foreign Buying (Selling)  (PhP 0.638)  Billion – 3rd 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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PSE index slips as Trump pulls US out of Iran deal

May 9, 2018 | 9:00 pm

LOCAL STOCKS fell on Wednesday as investors fled global markets following geopolitical tensions in the Middle East.

The bellwether Philippine Stock Exchange index (PSEi) shed 0.29% or 22.30 points to close at 7,555.27 yesterday.
The broader all-shares index also dipped 0.19% or 8.84 points to 4,620.49.

“Local equities were affected by (United States) Pres. (Donald J.) Trump’s decision to pull the US out of the Iran nuclear deal as investors took another temporary flight to safety to dollar assets on fresh Mideast geopolitical tension fears and the negative implication on earnings for affected firms worldwide,” PCCI Securities Brokers Corp. Research Head Joseph James F. Lago said in an e-mail.

Analysts noted this move will strain US’ longstanding alliances, disrupt oil markets and boost tensions in the Middle East.
Mr. Lago also noted that investors had gone bargain hunting in the morning given optimism ahead of first-quarter economic growth figures to be released on Thursday.

Overnight, the Dow Jones Industrial Average closed flat, adding only 0.01% or 2.89 points to 24,360.21. The S&P 500 index slipped 0.03% or 0.71 point to 2,671.92, while the Nasdaq Composite index went up 0.02% or 1.69 points to 7,266.90.

Mr. Trump’s announcement on Iran also dragged down most Asian indices, with Japan’s Nikkei 225 losing 0.44% to 22,408.88, and the Shanghai Composite index losing 0.08% to 3,158.81.

Back home, sectoral counters were split between gainers and losers. Financials gave up 1.37% or 26.02 points to 1,860.52. Services plunged 0.93% or 14.22 points to 1,510.72, while holding firms edged down 0.13% or 10.53 points lower to 7,600.17.

Meanwhile, industrials inched up 0.37% or 41.61 points to 11,096.08. Property gained 0.31% or 11.18 points to 3,593.21, while mining and oil added 0.12% or 12.29 points to 10,095.22.

The market saw thin trading for the day, with 1.21 billion issues switching hands valued at only P4.96 billion, much lower than the P7.23-billion turnover on Tuesday.

“Our muted value turnover of only P5.0B was really reflective of everyone’s waiting for GDP (gross domestic product) data [today] at 10 a.m., as well as the BSP’s (Bangko Sentral ng Pilipinas) much awaited decision on interest rates at 4 p.m. We hope that GDP beats the 6.8% consensus to give the market its much needed boost,” Papa Securities Corp. trader Gabriel F. Perez said in an e-mail.

Decliners trumped advancers, 113 to 73, while 59 stocks remained unchanged. Foreign investors remained on selling mode, resulting in net sales of P638.33 million, higher than the P225.77 million recorded in the previous session.

PCCI Securities’ Mr. Lago said the local central bank might implement a slight tightening or raise its benchmark rates in a gradual manner in light of rising inflation.

“If it adjusts its policy rates, it will be on a gradual path so that it has room for all of its other tools when inflation pressures eases late in the year or in 2019,” Mr. Lago said. — Arra B. Francia

Source: bworldonline.com/pse-index-slips-as-trump-pulls-us-out-of-iran-deal/

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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.