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 2,  2017  Data)

Total Traded Value –  PhP  7.027  Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 99 Advances vs.  92 Declines = 1.08:1  Neutral
Total Foreign Buying – PhP 3.239  Billion
Total Foreign Selling – (PhP  2.738)  Billion
Net Foreign Buying (Selling) – PhP 0.501  Billion – first 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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PHL stocks extend decline amid lack of catalysts

Posted on August 03, 2017

THE bellwether index continued its descent on Wednesday despite bouncing back to 8,000-territory intraday, as shares traded sideways due to lack of concrete catalysts.

The Philippine Stock Exchange index (PSEi) climbed to an intraday high of 8,037.91 but succumbed to weakness at the closing bell, ending yesterday’s session at 7,872.65, 0.42% or 33.95 points lower.

The all shares index also dropped by 0.34% or 16.17 points to close at 4,707.74.

“Basically there’s no catalyst to bring the market higher. We tried today to [climb to] 8,000, its cap resisted again below 8,100, so meaning to say, there is no news around the market that is bullish enough to pierce 8,100. So what’s happening is just purely technical sideways [trading],” Summit Securities, Inc. president Harry G. Liu said in a phone interview on Wednesday.

“Investors are just watching the market on the sidelines, or vying on fundamental strength support, that’s about it,” Mr. Liu added.

For Regina Capital Development Corp. Managing director Luis A. Limlingan, the decrease was part of the usual slowdown in the month of August.

“Another round of selldown ensued for the Philippine markets as part of the traditional ‘ghost month’,” Mr. Limlingan said.

Three sector counters reflected the performance of the PSEi, with the holding firms sub-index leading the decline as it gave up 1.12% or 88.77 points to 7,827.91. This was followed by services, which fell by 0.6% or 10.12 points to 1,657.60. The industrials counter dipped 0.33% or 36.74 points to 10,975.41.

On the other hand, the three other sectors closed in positive territory, with property gaining 0.64% or 23.93 points to 3,737.71. Financials added 0.30% or 5.98 points to 1,958.25; and the mining and oil closed 0.15% or 19.24 points higher at 12,847.92.

Advancers narrowly beat decliners, 99 to 92, while 55 issues were unchanged.

A total of 1.16 billion shares changed hands for a value turnover of P7.03 billion, higher than Tuesday’s P6.18 billion.

Summit Securities’ Mr. Liu further noted the positive outlook on the initial public offer of logistics firm Chelsea Logistics Holdings Corp. on Aug. 8, saying investors have been watching the company headed by Davao-based businessman Dennis A. Uy, who is known as a close friend of President Rodrigo R. Duterte.

The analyst said the sideways trade could continue until the end of the week, unless major catalysts crop up.

Other Southeast Asian markets were rangebound as investors digested the recent slew of economic data.

Broader sentiment was upbeat with Asian technology stocks hitting 17-year peaks as strong earnings from Apple rippled out to component makers globally, and the Dow Jones Industrial Average (DJIA) ascending to a record high overnight. The DJIA neared the 22,000 mark, powered by Goldman Sachs, JPMorgan Chase and other banks. — A.B. Francia with Reuters

Source:
http://www.bworldonline.com/content.php?section=StockMarket&title=phl-stocks-extend-decline-amid-lack-of-catalysts&id=149244

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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