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 24,  2017  Data)

Total Traded Value –  PhP  4.639  Billion – Low
Advances Declines – (Ideal is 2:1) 98 Advances vs. 83 Declines = 1.18:1  Neutral
Total Foreign Buying – PhP 2.324  Billion
Total Foreign Selling – (PhP  2.274)  Billion
Net Foreign Buying (Selling) –PhP 0.050  Billion – first day 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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Stocks eke out gains as investors seek catalysts

August 25, 2017

By Krista A.M. Montealegre,
National Correspondent

STOCKS eked out gains in lackluster trading on Thursday, as investors search for new catalysts to sustain the benchmark index’s rally beyond the 8,000 mark.

The bellwether Philippine Stock Exchange index (PSEi) swung between gains and losses before settling at 8,004.93 at the close of the session, up 6.18 points or 0.07% from its previous close.

The all-shares index inched up 3.36 points or 0.07% to end at 4,739.80.

“The market is still looking for fresh leads, but it is good that we are hovering at the 8,000 area for the index,” PNB Securities, Inc. President Manuel Antonio G. Lisbona said in a text message.

The PSEi has been trading around the 8,000 level for some time now, but has failed to make a run past its all-time high of 8,127.48.

“You have most fund managers on vacation. The institutional side is on hold and activity is coming from the retail side. The market itself is thin so it won’t be able to sustain a rally,” Rens V. Cruz II, analyst at Regina Capital Development Corp., said in a phone interview.

Value turnover eased to P4.64 billion after 1.28 billion shares changed hands, from P5.7 billion in the prior session.

Possible delays in the approval of the proposed comprehensive tax reform program in Congress, a relatively disappointing second-quarter earnings season and a gross domestic product data that failed to live up to the government’s pronouncements are causing the negative sentiment in the market, Mr. Cruz said.

Add to that the overnight weakness in Wall Street after US President Donald J. Trump, in a speech late Tuesday in Arizona, warned of a government shutdown to secure funding for a wall between the US and Mexico ahead of a September deadline to raise the debt ceiling.

The Dow Jones Industrial Average fell 87.80 points or 0.40% to 21,812.09; the S&P 500 lost 8.44 points or 0.34% to 2,444.07; and the Nasdaq Composite dropped 19.07 points or 0.30% to 6,278.41.

Back home, the mining and oil counter rose 62.5 points or 0.48% to end at 13,016.08; services climbed 7.86 points or 0.45% to 1,719.22; and holding firms jumped 32.57 points or 0.41% to 7,846.20.

Meanwhile, the other three counters finished in the red. Property lost 9.14 points or 0.24% to 3,764.71; financials shed 3.37 points or 0.16% to 1,997.15; and industrials slid 2.53 points or 0.02% to 11,137.07.

Advancers beat decliners, 98 to 83, while 62 issues closed flat.

Foreign investors returned to the market, registering net purchases of P49.97 million to mark the 11th time in the last 12 sessions that it finished in net buying territory.

“We are expecting the same price action in the coming trading sessions particularly next week, as there will only be three trading days,” PNB Securities’ Mr. Lisbona said.

Source: http://bworldonline.com/stocks-eke-gains-investors-seek-catalysts/

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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.