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 April 17, 2018 Data)

Total Traded Value – PhP 7.033 Billion – Low
Advances Declines – (Ideal is 2:1) 161 Declines vs. 57 Advances = 2.82:1 Bearish
Total Foreign Buying  PhP 3.854 Billion
Total Foreign Selling – (PhP 4.308) Billion
Net Foreign Buying (Selling)  (PhP 0.454)  Billion – first 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

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 drops further on lingering overseas concerns

April 17, 2018 | 6:01 pm
By Arra B. Francia, Reporter

THE MAIN INDEX suffered another sell-off on Tuesday, weighed down by lingering concerns on the tensions surrounding the United States and Russia.

The 30-member Philippine Stock Exchange index (PSEi) dropped 1.86% or 146.86 points to close at 7,723.39 Tuesday, April 17. The broader all-shares index likewise lost 1.57% or 75.32 points to 4,695.96.

“Philippine markets were sold down due to the tensions developing between Russia, US, and Syria. Traders weighed on weekend strikes in Syria and potential for additional US sanctions against Russia,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message.

Summit Securities, Inc. Harry G. Liu, meanwhile, said that fund managers are currently digesting the effects of these geopolitical tensions to global markets, noting that the implications of the trade war between the US and China will be more cause for concern once the ongoing rift between US and Russia settle down.
“I presume that world leaders and fund managers will digest what will happen to the trade war, where will the balance come in. Everybody’s still trying to figure out what the effects will be,” Mr. Liu said in a phone interview Tuesday, April 17.

The bloodbath trickled down to all sectoral counters, with the financials counter dropping 2.26% or 45.82 points to 1,975.27. The mining and oil sector shed 2.08% or 231.35 points to 10,864.71; holding firms gave up 1.78% or 140.41 points to 7,726.81; services fell 1.76% or 28.54 points to 1,589.34; industrials went down 1.39% or 155.88 points to 11,052.50; while property declined 1.31% or 47.58 points to 3,567.38.

Declining stocks prevailed for the day at 161 issues versus 57 that gained and 34 that remained unmoved.

Value turnover picked up, ending at P7.03 billion against Monday’s P4.77 billion, after some 1.23 billion issues switched hands.

Foreign investors turned sellers, reversing Monday’s P139.71-million net purchases for net foreign outflows of P453.85 million.

Summit Securities’ Mr. Liu said the market is still looking for a support level between 7,500 and 7,700 that will hold in the medium term.

“We should see some improvements in the coming weeks…Investors are just adapting a sideline attitude, they’re waiting for the right timing to come in,” he added.
In contrast, Wall Street regained momentum overnight, with the Dow Jones Industrial Average climbing 0.87% or 212.90 points to 24,573.04. Nasdaq Composite index added 0.70% or 49.64 points to 7,156.29, while the S&P 500 also ended in the green with a gain of 0.81% or 21.54 points to 2,677.84.

Most Asian indices stayed in positive territory on Tuesday, trekking developments of its global counterparts.

Source: http://bworldonline.com/psei-drops-further-on-lingering-overseas-concerns/

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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.