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 27, 2018 Data)

Total Traded Value – PhP 7.054 Billion – Low
Advances Declines – (Ideal is 2:1) 124 Advances vs. 69 Declines  = 1.80:1 Neutral
Total Foreign Buying  PhP 3.757 Billion
Total Foreign Selling – (PhP 4.501) Billion
Net Foreign Buying (Selling)  (PhP 0.744)  Billion – 7th 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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Stocks likely to drop ahead of earnings reports

April 30, 2018 | 12:01 am

By Arra B. Francia, Reporter

STOCKS are seen to trek lower in the week ahead, as investors wait for the release of more earnings reports for the first quarter.

The bellwether Philippine Stock Exchange index climbed 1.36% or 103.60 points to close at 7,721.02 last Friday, gaining momentum after S&P Global Ratings raised its outlook for the Philippine economy to positive from stable.

Week on week, the market ended with a minimal decrease of five points or 0.07%, as the 2.4% decline in financials and 1.9% decrease in services tempered the increase in holding firms and property, which added 1.6% and 0.6%, respectively.

Foreign investors remained outside the market, as net foreign selling stood at P2.52 billion last week, 45% lower on a weekly basis.

“Tug of war between buyers and sellers became the week’s highlight, as several funds exited from US equities after their 10-year treasury bond yield surged to as much as 3.035%. Such was doused off later in the week, as buying resumed on improved Q1 earnings,” online brokerage firm 2TradeAsia.com said in a weekly market note.

This week, analysts flagged another possible decline for the market in lieu of quarterly earnings reports.

“The potential softening might come from Q1 results, with select listed stocks slated to present this week,” according to 2TradeAsia.com.

Set to release their financial reports this week are Manila Electric Co., Metro Pacific Investments Corp., D&L Industries, Inc., Aboitiz Equity Ventures, Inc., and Eagle Cement Corp.

Eagle Equities, Inc. Research Head Christopher John Mangun noted the same, adding that investors may wait for the index to hit the next support level.

“I think we will continue to see a weaker market as investors continue to wait on the sidelines for a bottom in the index. With only four trading days next week, I am expecting a lower turnover value,” Mr. Mangun said.

Overseas, traders may look at the US Federal Reserve Open Market Committee’s meeting on May 1 and 2, which may hint toward policy tightening.
“The spotlight could switch to the US government’s fiscal deficit, especially with the latest corporate income tax cut and planned government spending this year,” 2TradeAsia.com said in its market report.

Eagle Equities’ Mr. Mangun placed the market’s support level from 7,500 to 7,600, while resistance will be at 7,750 to 7,880. The analyst added that he remains optimistic for a reversal of trend before the end of the second quarter.

“In the meantime, small and mid-cap companies will continue to see higher trading volume as they have proven to be better opportunities to make money in the stock market right now,” Mr. Mangun said.

Financial markets will be closed on May 1 for Labor Day.

Source: http://bworldonline.com/stocks-likely-to-drop-ahead-of-earnings-reports/

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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.