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 Feb. 1, 2016  Data)

Total Traded Value –  PhP 8.559 Billion –  Medium

Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish)  105 Advances vs. 57 Declines  = 1.84:1  Neutral

Total Foreign Buying – PhP 5.233 Billion

Total Foreign Selling – (Php 4.836) Billion

Net Foreign Buying (Selling) – Php 0.397  Billion – 6th day of Net Foreign Buying after 5 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 Software

 

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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Posted on February 01, 2016 07:41:00 PM

By Krista A. M. Montealegre, Senior Reporter

Equities extend winning run on last-minute rally

STOCKS SQUEEZED out last-minute gains yesterday as investors ignored sluggish Chinese manufacturing data and continued to ride on the euphoria sparked by Bank of Japan’s (BoJ) move to adopt a negative interest rate policy.

The bellwether Philippine Stock Exchange index added 13.74 points or 0.20% to end at 6,701.36, extending its gains to a fourth straight session. The local barometer was trading in the red for most of the session, losing as much as 0.55% intraday.

The all-shares index advanced 12.98 points or 0.34% to finish at 3,825.85.

The market got a boost from the “continued support by central banks to slowing economic growth [with the] European Central Bank (ECB) signaling further stimulus as soon as March, the Federal Reserve keeping interest rates unchanged and the recent Bank of Japan move,” Joylin F. Telagen, equity research analyst at IB Gimenez Securities, Inc., said in a text message.

“It is just spillover [buying] from last week’s interest rate cut by the Bank of Japan,” Ms. Telagen said.

Local stocks shrugged off China’s official manufacturing purchasing managers’ index (PMI), which shrank at its fastest pace in almost three-and-a-half years. The official PMI fell to 49.4 in January from 49.7 in the prior month, marking the sixth straight month of contraction. A reading below 50 indicates a contraction. The latest batch of economic data from Beijing added to worries about the health of the world’s second largest economy and raised bets that its central bank will implement more policy easing like the ECB and the BoJ.

“Nothing has changed fundamentally. We just got so down so we are just reversing back to the mean. It wouldn’t be impossible for the market to rally until after first quarter earnings season, but it wont be a straight line,” Miko A. Sayo, trader at Angping & Associates Securities, Inc., said in a telephone interview.

Subindices were mixed. Mining and oil surged 159.04 points or 1.76% to 9,168.00 and financials rose 22.95 points or 1.52% to 1,529.49, driving the stock market higher.

Likewise, industrial went up 61.66 points or 0.58% to 10,592.31 and property gained 14.04 points or 0.52% to 2,676.52.

In contrast, services dropped 4.33 points or 0.28% to 1,515.56 and holding firms declined 17.22 points or 0.27% to 6,306.41.

Value turnover slid to P8.56 billion after 705.76 million shares changed hands, from Friday’s P9.79 billion.

Advancers trumped decliners, 105 to 57, while 40 issues were unchanged.

Foreign investors stayed on the buying side, but net purchases slumped to P396.92 million from P1.49 billion in the prior session.

“We’re still pushing higher but we are trading at resistance levels so expect some profit taking in the next couple of days,” Angping & Associates’ Mr. Sayo said.
Source: http://www.bworldonline.com/content.php?section=StockMarket&title=equities-extend-winning-run-on-last-minute-rally&id=122412

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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