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 31, 2016 Data)
Total Traded Value – PhP 13.174 Billion – Medium
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 100 Declines vs. 82 Advances = 1.22:1 Neutral
Total Foreign Buying – PhP 6.653 Billion
Total Foreign Selling – (PhP 9.172) Billion
Net Foreign Buying (Selling) (PhP 2.519) Billion – 6th day of Net Foreign Selling after a day of Net Foreign Buying

 

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: ==================================================

Stocks decline as risk-off sentiment dominates

Posted on September 01, 2016

THE Philippine Stock Exchange index (PSEi) further retreated on Wednesday in what analysts said was a medium correction after its rise in recent weeks.

The bellwether index slipped past the 7,750 mark, giving up 7.56 points or 0.09% to close at 7,787.37 on Tuesday.

The all-shares index also gave up 2.34 points or 0.05% to 4,633.88.

“It’s clearly in corrective mode,” said Miguel A. Agarao, vice-president of Philequity Management, Inc.

Joylin F. Telagen, research head of IB Gimenez Securities, said yesterday’s decline was a “risk-off sentiment” by overseas investors after last Friday’s speech by Federal Reserve Chair Janet Yellen that signaled the possibility of a rate hike in the coming weeks or months.

She said the local market was on its third week of foreign selling, with shares worth P6.66 billion sold over the past two weeks. She added that foreign sales continued this week, with the last two days seeing P4.66 billion in net sales.

Net foreign selling grew to P2.52 billion on Wednesday from the net P2.14 billion logged the prior day.

Four of the six sectoral indices declined save for financials and property. The mining and oil counter led losers, dropping 155.96 points or 1.44% to 10,611.15, while other decliners dropped by less than 1%.

On the other hand, property gained 36.59 points or 1.04% to 3,545.01, while financials added 1.92 point or 0.10% to end at 1,812.55.

Losers outnumbers gainers, 100 to 82, while 52 issues were unchanged.

The value of stocks traded yesterday went up to P13.17 billion from Tuesday’s P10.91 billion, with 1.32 billion shares changing hands.

“Short term will actually see foreign funds repositioning their investment. But long term, we are still bullish,” Ms. Telagen said yesterday.

“If the global economy is growing, it’s actually good for equities,” she said.

She added that the Philippines would still be “market positive” as the economy was growing at 7% and ahead of others in Southeast Asia.

“We actually see this as good buying opportunity. We are expecting volatility until the Fed meet,” she said.

She said the downside risk is for the PSEi to test 7,600, with 7,800 as the resistance level.

Miko S. Sayo, trader at Angping & Associates Securities, Inc., placed the PSEi’s medium-term support at 7,500 to 7,600.

Philequity’s Mr. Agarao said the next support lies at 7,500 to 7,600.

Most Southeast Asian stock markets were also soft as investors waited to see if upcoming US jobs data could nudge the Federal Reserve into raising interest rates as soon as September.

Fed Vice-Chairman Stanley Fischer said in an interview that the US jobs market was nearly at full strength and the pace of the central bank’s interest rate hikes would depend on how well the economy is doing. — V.V. Saulon with Reuters
Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-decline-as-risk-off-sentiment-dominates&id=132751
==================================================

THANK YOU VERY MUCH FOR YOUR SUPPORT! WE MADE IT TO THE TOP FIVE Voting for the Angat Pilipinas Coalition for Financial Literacy Polls ended last night and we are glad to inform you that with your support, we were able to make it to the Top 5 in our Category – “Influential Author or the Year.” Apart from the online polls, there will still be judging of the Top 5 nominees for each category with most number of votes. The judges will come from three different independent institutions. We would like to thank you for your Support. Win or Lose, we did our Best and that is the most important thing. More than the votes we received a lot of encouragement and these keep us going in our advocacy: Responsible Trading. Again, from me and The Responsible Trader_com: Maraming salamat po sa inyong walang sawang pagtangkilik at umaasa kami ng mas maganda pang samahan ngayon, bukas at magpakailanman.

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/

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)

===================================================

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 P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion