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 6, 2017  Data)

Total Traded Value –  PhP  9.535  Billion – Medium

Advances Declines Ratio – (Ideal is 2:1)   101  Declines  vs. 91 Advances  = 1.11:1  Neutral

Total Foreign Buying – PhP 6.119  Billion

Total Foreign Selling – (PhP  5.282  Billion)

Net Foreign Buying (Selling) – PhP 0.837  Billion – 5^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:

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Shares decline on Fed plan to trim balance sheet

Posted on April 07, 2017

THE BELLWETHER INDEX snapped its three-day rally on Thursday, but remained within the 7,500 level, amid the US Federal Reserve’s plan to reduce its balance sheet within the year.

The 30-member Philippine Stock Exchange index fell by 0.24% or 18.89 points to close at 7,565.32 yesterday.
The broader all-shares index also slipped by 0.06% or 2.96 points to 4,508.81.

“Philippine markets finally succumbed to profit taking. [The] sell-off was seemingly triggered by minutes from the Federal Reserve’s March meeting, noting plans to reduce its $4.5-trillion balance sheet this year,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a text message.

The Federal Open Market Committee released the minutes of their March meeting late Wednesday, which revealed its plan to shed $4.5 trillion worth of bonds currently held by the US central bank.

The Fed lifted its benchmark interest rate in March to a target range of between 0.75% and 1 %, its second hike in three months, and signaled it remained on track to lift rates twice more this year.

In the minutes, almost all policy makers agreed that the timing of a change in balance sheet policy would depend on economic and financial conditions and generally preferred to taper or stop investments in both Treasury and mortgage-backed bonds.

“Investors cashed in gains after the release of Fed minutes. Fed is still on track [with] three rate hikes in total this year. But Fed officials’ comment ‘that stocks were high’ might put Fed to greater skepticism of its current action,” IB Gimenez Securities, Inc. equity analyst Joylin F. Telagen said.

PNB Securities President Manuel Antonio G. Lisbona noted that the acceleration of inflation may have been a cause of concern for traders as well.

Headline inflation picked up to 3.4% in March, slightly above February’s 3.3% and the 1.1% recorded in the same period last year, according to data from the Philippine Statistics Authority.

Four counters were in negative territory, with the mining and oil sector leading the decline at 1.68% or 205.64 points to close at 12,009.56. The property counter followed as it dropped 0.92% or 30.68 points to 3,285.60. Services also went down by 0.72% or 11.53 points to 1,589.26 and financials fell 0.04% or 0.89 point to 1,903.82.

The industrials and holding firms counters defied the main board’s performance, rising 0.52% or 58.43 points and 0.01% or 0.83 point, respectively, to 11,172.31 and 7,606.67.

Decliners trumped advancers, 101 to 91, while 43 stocks were unchanged.

A total of 2.02 billion issues exchanged hands for a total value turnover of P9.53 billion, down from Wednesday’s P10.78 billion.

Net foreign buying also declined to P837.46 million from the previous session’s P1.25 billion.

“For now, the key support is 7,400 and we are comfortably above it,” Mr. Lisbona said. — Arra B. Francia with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=shares-decline-on-fed-plan-to-trim-balance-sheet&id=143425
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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/.

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)

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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