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 5, 2017  Data)

Total Traded Value –  PhP  10.767  Billion – Medium

Advances Declines Ratio – (Ideal is 2:1)   111  Advances vs. 75  Declines  = 1.48:1  Neutral

Total Foreign Buying – PhP 6.378  Billion

Total Foreign Selling – (PhP  5.127  Billion)

Net Foreign Buying (Selling) – PhP 1.251  Billion – 4^th day of Net Foreign Buying after  2 days  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:

==================================================

Stocks extend rally on bullish GDP expectations

Posted on April 06, 2017

STOCKS continued to rally, with the main index breaching the 7,500 mark on Wednesday, driven by optimism on the country’s gross domestic product (GDP) growth for the first quarter.

The bellwether Philippine Stock Exchange index (PSEi) soared 1.84% or 137.72 points to close at 7,584.21 on Wednesday.

The broader all-shares index likewise surged to 4,511.77, rising 1.14% or 51.21 points from yesterday’s trading.

“The most telling sign was the government’s optimism, with the National Economic and Development Authority’s projection of 7% year-on-year growth [in the first quarter],” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a text message.

A newspaper report earlier this week said NEDA Director-General and Socioeconomic Planning Secretary Ernesto M. Pernia expects the economy to have expanded by about 7% in the first quarter. The government is targeting a 6.5-7.5% GDP growth for this year following last year’s 6.8% expansion.

Official first quarter GDP data will be released next month.

“Market experienced bullish continuation from [Monday’s] initial move. Local investors are again in buying mode as an anticipated bearish outlook failed to materialize. Adding fuel to the fire was the noticeable increase in foreign buying activity,” Angping & Associates Securities, Inc. equity analyst Frank Gerard J. Barboza said.

Foreign buyers outpaced sellers yesterday, with net foreign purchases coming in at P1.25 billion, although down from Tuesday’s net P4.08 billion.

All counters reflected the day’s positive trajectory, as property led with an increase of 2.82% or 91.21 points to 3,316.28, followed by financials which rose 2.07% or 38.78 points to 1,904.71.

Industrials likewise went up by 1.36% or 149.31 points to 11,113.88; holding firms climbed 1.04% or 78.34 points to 7,605.84; services added 0.99% or 15.78 points to 1,600.79; and mining and oil gained 0.59% or 71.92 points to 12,215.20.

Advancers beat decliners, 111 to 75, while 48 stocks were unchanged. Value turnover stood at P10.78 billion as 1.69 billion shares changed hands, from Tuesday’s P11.94-billion worth.

“On a purely technical standpoint, the PSEi has broken new ground this year, finally piercing through the 7,400 level and investors are anticipating a higher trading range,” Regina Capital’s Mr. Limlingan said, adding that he expects the main index to move within 7,430 to 7,700 in the coming days.

Angping & Associates’ Mr. Barboza said trading might continue in this direction, saying “we might again see some more of this bullishness going to the end of the week until overbought territory again.”

In contrast, most Southeast Asian shares fell on Wednesday as cautious investors kept to the sidelines ahead of a crucial meeting on Thursday between US President Donald J. Trump and his Chinese counterpart Xi Jinping. — A.B. Francia with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-extend-rally-on-bullish-gdp-expectations&id=143340
=====================================================
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)

===================================================

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