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 2, 2016  Data)

Total Traded Value –  PhP  6.850 Billion – Low

Advances Declines Ratio – (Ideal is 2:1) 90 Advances vs. 89 Declines   = 1.01:1  Neutral

Total Foreign Buying – PhP 4.206  Billion

Total Foreign Selling – (PhP  4.429 Billion)

Net Foreign Buying (Selling) – (PhP  0.223)  Billion – first 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:

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Stocks continue upward momentum with slight Friday gains

Posted on December 03, 2016

SHARE prices closed slightly higher Friday on sustained momentum from Thursday’s session, which had been buoyed by an unexpected deal reached by the Organization of Petroleum Exporting Countries (OPEC) to cut production.

The bellwether Philippine Stock Exchange closed up 21.87 points or 0.32% at 6,886.74. The broader all-shares index rose 7.96 points or 0.19% to 4,166.49.

“I think we sustained the positive momentum from yesterday from the surprise move of OPEC. (Thursday’s) volume was higher than average,” said Victor F. Felix, equity analyst at AB Capital Securities, Inc., in a phone interview.

Manuel Antonio G. Lisbona, president of PNB Securities, said Friday’s gains were “not that significant,” but nevertheless positive as they preserved support at 6,850-6,860 points.

“With regard to the upward movement today it’s a good sign that the market is holding on to these levels. What we’re really concerned is if the market breaks below 6,600 points,” said Mr. Lisbona in a phone interview.

Investors have been awaiting US non-farm payrolls for November which are expected to further solidify the views that the economy is improving, following data showing factory activity growing at a faster pace last month and construction spending at a seven-month high in October.

“I think the market has already been discounting the expected rate hike this December and we’ve seen the effects already. I think what people are looking at is the jobs data… it’s virtually already priced in,” added Mr. Lisbona.

Of the subindices, holding firms rose Friday by 1.24% to 7,015.83 points and industrials rose 1.08% to 11,016.33.

Property fell 1.46% to 3,050.47 points; services declined 0.81% to 1,280.14; financials fell 0.26% to 1,690.76 points; and mining and oil slid 0.15% to 12,094.56.

Advancers totaled 90, beating out decliners at 89 while 45 were unchanged.

Foreigners turned sellers on Friday, with net outflows surging to P223.34 million, a turnaround from Thursday’s net purchases of P140.92 million. Value fell to P6.85 billion from Thursday’s P9.36 billion as 838.30 million shares changed hands. — Janina C. Lim

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-continue-upward-momentum-with-slight-friday-gains&id=137231

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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