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 November 10, 2016  Data)

Total Traded Value –  PhP  7.204 Billion – Low

Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 135 Advances vs. 56 Declines     = 2.41:1  Bullish

Total Foreign Buying – PhP 3.501  Billion

Total Foreign Selling – (PhP  4.003 Billion)

Net Foreign Buying (Selling) – (PhP  0.502  Billion) – 2nd day of Net Foreign Selling after a  day of  Net Foreign Buying

  

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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Stocks rebound on bargain hunting after plunge

Posted on November 11, 2016

THE MARKET ended in the green yesterday as investors picked up bargains after the Philippine Stock Exchange index (PSEi) crashed to its weakest in six months following the victory of Donald Trump in the Unites States’ presidential election.

The bellwether PSEi bounced back by 62.83 points or 0.88% to end yesterday’s trading at 7,181.87 after giving up 188.76 points or 2.58% to close at 7,119.04 on Wednesday, the local barometer’s lowest level since its May 6 close of 6,991.87 points.

The broader all shares index also recouped 39.91 points or 0.93% to end at 4,322.26.

“It’s just bargain hunting from the previous drop, taking cues from the US and regional markets,” AB Capital Securities analyst Victor F. Felix said by phone.

“It looks like investors recovered from the knee-jerk reaction after the Trump win caught markets unprepared. Most regionals also went higher so we just took cues from there,” he added.

Southeast Asian stock markets rose on Thursday, tracking gains on Wall Street, in a sharp rebound from the shock of Mr. Trump’s presidential victory.

The Dow jumped 1.4%, while the S&P 500 and the Nasdaq both added 1.11%.

Luis A. Limlingan, head of sales at Regina Capital Development Corp., said the market is “still digesting” the outcome of the US election.

“There was bargain hunting but mainly, I think market is just digesting the news of the president-elect in the US. Everyone is on a wait and see mode,” he added.

“Exports data were also pretty impressive yesterday considering that we’ve been on the decline since the start of the year.”

Poll results showed the Republican candidate Mr. Trump emerging the winner in the presidential race after the Nov. 8 vote against Democratic candidate Hillary Clinton, poised to succeed President Barack Obama by January after the latter’s eight years at the Oval Office.

All six domestic subindices ended in the green yesterday, with services leading the rally after gaining 37.95 points or 2.81% to 1,387.60. Industrial advanced by 122.44 points or 1.08% to 11,445.47; financials climbed 17.17 points or 0.99% to 1,749.14; mining and oil was up 100.68 points or 0.85% to 11,872.73; holding firms went up 54.90 points or 0.75% to 7,310; and property inched up by 7.48 points or 0.23% to 3,138.82

Value turnover went down to P7.20 billion after 1.5 billion shares changed hands, from Wednesday’s P8.58 billion. Gainers outnumbered losers, 135 to 56, while 45 issues did not move.

Foreign investors continued to dump shares, with net selling growing to P501.40 million from P213.22 million on Wednesday.

“We’ll continue to be in the afterglow following the conclusion of the US elections,” AB Capital’s Mr. Felix said, noting that “trading could come continue to end in green the at 7,150-7,250” range.

For Regina Capital’s Mr. Limlingan, the PSEi is still trying to break the 7,250 resistance, with support seen at 7,100. — Imee Charlee C. Delavin with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-rebound-on-bargain-hunting-after-plunge&id=136199
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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/

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 P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion