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 6, 2016  Data)

Total Traded Value –  PhP  5.781 Billion – Low

Advances Declines Ratio – (Ideal is 2:1) 112 Declines vs. 68 Advances = 1.65:1  Neutral

Total Foreign Buying – PhP 3.851  Billion

Total Foreign Selling – (PhP  3.896 Billion)

Net Foreign Buying (Selling) – (PhP  0.045)  Billion – 3rd 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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PSEi recovers as Wall St. rallies on strong US data

Posted on December 07, 2016

THE MAIN INDEX posted gains on Tuesday, tracking the rise of US markets driven by the release of the data from the world’s largest economy showing acceleration in their services sector.

The bellwether Philippine Stock Exchange index (PSEi) rose 0.43% or 29.73 points to 6,806.14.

The broader all-shares index, meanwhile, slid 0.04% or 1.91 points to 4,116.74.

“Locally, shares were driven higher from the overnight sentiment in US as the DJIA (Dow Jones Industrial Average index) closed Monday sessions at a record high,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a text message.

The rise in US stocks was attributed to the improved services data for November released by the Institute for Supply Management, which showed the sector — the major driver of the US economy — to have expanded at its fastest pace in over a year.

Christian Caye A. Decasa, technical analyst at Regina Capital, said local inflation data also affected trading as it showed a normalization in the rise in prices.

The Philippine Statistics Authority reported yesterday that headline inflation jumped to 2.5% last month from the 2.3% logged in October and the 1.1% recorded in November 2015. Last month’s print was higher than the 2.2% median estimate in a BusinessWorld poll of 16 economists and also surpassed the Bangko Sentral ng Pilipinas’ 1.6-2.4% forecast range.

Inflation averaged 1.7% for the 11 months to November, still lower than the government’s 2-4% target band and the central bank’s estimate of a 1.8% average for this year.

Mr. Decasa also attributed the recovery to “bottom-fishing” activities after the PSEi dropped by around 90 points on Monday, although noting that the local market is showing trend of possibly sustaining to trade in positive territory.

“If you look at PSEi’s price chart, we could see that there is a somewhat strong support at 6,800-6,770 which means that demand is ought to pick up at those levels. I think it’s possible for the index to continue rallies but we maintain a cautious outlook as the market remains in a downward trajectory,” Mr. Decasa said via text.

Subindices were mixed. Property went up 1.42% or 42.62 points to 3,036.65 while holding firms rose 0.53% or 36.73 points to 6,893.31.

On the other hand, industrial fell by 0.68% or 75.03 points to 10,828.97; financials went down 0.34% or 5.70 points to 1,668.54; services fell 0.33% or 4.24 points to 1,274.79; and mining and oil slipped by 0.2% or 25.36 points to 12,102.60.

Decliners outnumbered advancers, 112 to 68, while 44 issues were unchanged.

Net foreign selling declined to P44.90 million, from the P300.61 million in outflows seen on Monday. Value turnover reached P5.78 billion, slightly higher than Monday’s P5.26 billion after 823.44 million shares changed hands.

For the rest of the week, Mr. Limlingan said the PSEi is expected to trade at a resistance level strongly set at 7,000 points, with a weak support at 6,770 points. — J.C. Lim

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-recovers-as-wall-st.-rallies-on-strong-us-data&id=137390

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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