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 August 14,  2017  Data)

Total Traded Value –  PhP  5.116  Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 75 Declines vs. 74 Advances = 1.01:1  Neutral
Total Foreign Buying – PhP 2.453  Billion
Total Foreign Selling – (PhP  2.187)  Billion
Net Foreign Buying (Selling) –PhP 0.266  Billion – fifth day of Net Foreign Buying after a day 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

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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Muted trade seen as start of ‘ghost month’ looms

August 14, 2017

LOCAL EQUITIES are expected to trade sideways this week, with the looming start of the “ghost month” seen to dampen investor sentiment alongside continued geopolitical tensions between the United States and North Korea.

The 30-member Philippine Stock Exchange index (PSEi) ended at 7,928.43 on Friday, down 0.47% or 37.82 points.

The bellwether index was flat week on week, declining by just 0.06% from its Aug. 4 finish of 7,932.82.
“The PSEi’s attempt to move past 8,040 and sustaining this ascent could keep gauges within a narrow trading band for now, especially with the ‘ghost month’ approaching,” online brokerage 2TradeAsia.com said in a market note.

The “ghost month” is a period in the Lunar calendar when some Asian investors refrain from doing big investments or decisions that coincides with the vacation of fund managers in the West, thereby resulting in lower trading volumes.
For this year, the period starts on Aug. 22, the first day of the Chinese calendar’s 7th lunar month, and will last until Sept. 19.

The market showed minimal movements last week as the heated exchange between the US and North Korea tempered regional markets, with the latter saying its military would complete plans to fire four intermediate-range missiles over Japan by mid-August. The missiles are set to land near Guam.

US President Donald Trump issued another warning to North Korea on Friday with a reference to American weapons as being “locked and loaded.”

“Any form of diplomatic solution to this geopolitical tension would be favored, as the lack of such would keep investors on their toes,” 2TradeAsia.com said.

Meanwhile, Summit Securities Inc. President Harry G. Liu noted that the market will continue to consolidate as it has already taken into account the second-quarter earnings results. The deadline for companies to disclose their second-quarter reports is on Aug. 15.

“That’s the reason why the market continues to consolidate — those profits was already discounted by investors. That’s why the market has been trading at the level of 7,750 and a resistance of 8,100. If there are more companies with surprises, then maybe the market would surprise us by moving higher,” Mr. Liu said.

Without other developments such as updates on the passage of the government’s tax reform program, Mr. Liu said there are still no catalysts to boost the market this week.

“I think at the present moment, market conditions still show very good possibility we’ll be moving up later,” Mr. Liu said.
“Given the Philippines’ overall fundamental merits, we continue to hold the view that dips should be taken as buying windows, with an intention to extend positions over the long term,” according to 2TradeAsia.com.

Analysts placed immediate support for the PSEi at a range of 7,800 to 7,850, while resistance is pegged at 7,970 to 8,000. — Arra B. Francia with Reuters

Source: http://bworldonline.com/muted-trade-seen-start-ghost-month-looms/

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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 continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:

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.