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 7, 2017  Data)

Total Traded Value –  PhP  9.741  Billion – Medium

Advances Declines Ratio – (Ideal is 2:1)   93 Advances vs. 80  Declines = 1.16:1  Neutral

Total Foreign Buying – PhP 5.780  Billion

Total Foreign Selling – (PhP  4.226  Billion)

Net Foreign Buying (Selling) – PhP 1.554  Billion – 6^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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PSEi pares early gains amid US strike on Syria

Posted on April 08, 2017

THE Philippine Stock Exchange index (PSEi) breached the 7,600 mark in intraday trade on Friday, but pared some of those gains to retreat back to 7,500 level as concerns over the US missile attacks in Syria overshadowed optimism on the strength of the domestic economy.

The index breached the 7,600 mark in intraday trade on Friday, April 7, but pared some of those gains to retreat back to 7,500 level at trading close. (BW file photo of the Philippine Stock Exchange trading floor)
The 30-member index rose 0.24% or 18.43 points to close the week at 7,583.75. This showed a 3.72% gain from last week’s close of 7311.72, setting the second quarter on pace for a strong start as the market weathered the US Federal Reserve’s plan to trim its balance sheet and the possibility of a sudden rise in local inflation.

The broader all-shares index was also up by 0.34% or 15.35 points.

Regina Capital Development Corp. (Regina) Managing Director Luis A. Limlingan said an upward revision in Philippine gross domestic product (GDP) numbers for 2016 helped. State statisticians on Thursday said GDP growth last year was recast to 6.9%, stronger than the 6.8% initially announced in January.

“Locally the market was prompted by the economy, (which) grew slightly faster than initially estimated back in January, from 6.8% to 6.9%, with upward revisions coming from the construction, mining & quarrying, and other services,” Mr. Limlingan said.

“Looks like it was a risk off today, as investors cashed out due to concerns of a retaliation against the US’ missile strike in Syria. While we ended up, it was way off the intraday high of 7667,” PNB Securities President Manuel Antonio G. Lisbona said.

US President Donald J. Trump made the call to launch 59 missiles in western Syria in response to Damascus’s release of banned chemical weapons that killed at least 100 people.

Mr. Trump made the decision before his meeting with Chinese counterpart Xi Jinping in Florida.

“People are also awaiting the discussion between the two leaders of the largest economies in the world and are hopeful that tensions will ease after the meeting,” Regina’s Mr. Limlingan said.

Four out of six counters gained, with property rising by 0.76% or 24.80 points to close at 3,310.40, followed by mining and oil that gained 0.74% or 88.41 points to end the week at 12,097.97.

Holding firms were up by 0.66% or 49.85 points at 7,656.52, while services added 0.14% or 88.41-point increase at 1591.40.

Financials and industrial stocks both slipped, falling 0.26% or 4.92 points to 1,898.90 and 0.22% or 24.20 points to 11148.11, respectively.

Advancers outpaced decliners, 93 to 80, while 63 stocks were unchanged. The market saw 2.17 billion shares traded for a value turnover of P9.7 billion.

“Next week we might see continued weakness, the magnitude of which will depend on what happens next between the US and Syria. Note that next week is also a short week, so trading will likely be subdued,” Mr. Lisbona said. — ABF

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-pares-early-gains-amid-us-strike-on-syria&id=143486

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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