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 December 1, 2016  Data)

Total Traded Value –  PhP  9.362 Billion – Medium

Advances Declines Ratio – (Ideal is 2:1) 121 Advances vs. 64 Declines   = 1.89:1  Neutral

Total Foreign Buying – PhP 5.671  Billion

Total Foreign Selling – (PhP  5.530 Billion)

Net Foreign Buying (Selling) – PhP  0.141  Billion – first day of Net Foreign Buying after 8  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 rebounds as OPEC agrees to cut oil output

Posted on December 02, 2016

THE BELLWETHER INDEX rose as trading resumed on Thursday following the Organization of the Petroleum Exporting Countries’ (OPEC) decision to reduce output by next year.

The Philippine Stock Exchange index (PSEi) ended at 6,864.87 points yesterday, up 83.67 points or 1.23%. The all-shares index closed at 4,158.53 points, posting a gain of 38.06 points or 0.92%.

“The market was looking for a bounce and they found that when the OPEC agreed in principle to reduce production,” Luis A. Limlingan, managing director at Regina Capital Development Corp. said via phone on Thursday.

Mr. Limlingan said the decision is seen to drive oil prices up and spur more market activity in the days ahead.

OPEC agreed on Wednesday its first oil output reduction since 2008 after de-facto leader Saudi Arabia accepted “a big hit” and dropped a demand that arch-rival Iran also slash output. The deal also included the group’s first coordinated action with non-OPEC member Russia in 15 years.

OPEC produces a third of global oil, or around 33.6 million barrels per day.

On the local side, Mr. Limlingan cited as a driver data on the country’s purchasing managers’ index (PMI) in November which, although a bit softer than October, was “still strong, nonetheless.”

The Philippines’ PMI fell slightly to 56.3 last month from 56.5 in October, as output and new orders rose at a slower pace while new export orders went up at the fastest pace since the survey began in January.

A reading above 50 indicates expansion in the manufacturing sector and a reading below 50 indicates contraction

“Technically speaking, today’s rally was just a short term reaction from the index after hitting near-oversold conditions last Tuesday. This is to be expected, considering the market’s high volatility environment,” Christian A. Decasa, technical analyst at Regina Capital Development Corp., said on Thursday.

Among the subindices, only industrial declined, giving up 19.77 points or 0.18% to 10,898.49 points.

Financials led the charge, rising by 1.98% or 33.01 points to 1,695.21; property went up 1.88% or 57.15 points to 3,095.66; services increased 1.38% or 17.60 points to 1,290.64; holding firms gained 1.07% or 73.48 points to 6,929.71; and mining and oil ticked up by 0.25% or 31.33 points to 12,112.99.

Advancers beat decliners, 121 to 64, while 37 names ended unchanged. Value turnover dropped to P9.36 billion as 2.32 billion shares changed hands, from the previous session’s P12.39 billion. Foreigners turned net buyers at P140.92 million, reversing Tuesday’s net sales worth P1.38 billion.

“It’s going to be difficult to sustain the gains because as we move closer to Dec. 14, we’re going to focus on the Fed decision,” Mr. Limlingan said.

“Ahead of the Fed meeting, just like the previous ones, expect a lot of volatility but relatively, it shouldn’t be as choppy because the market is slowly discounting the possibility of a rate hike,” Mr. Decasa added. — J.C. Lim

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-rebounds-as-opec-agrees-to-cut-oil-output&id=137208
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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/

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