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.11, 2016  Data)

Total Traded Value –  PhP 4.832 Billion –  Low

Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 111 Advances vs. 64 Declines = 1.73:1  Neutral

Total Foreign Buying – PhP 2.122 Billion

Total Foreign Selling – (Php 2.707) Billion

Net Foreign Buying (Selling) – (Php 0.585)  Billion – 2nd day of Net Foreign Selling after 2 days of Net Foreign Buying

 

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:

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

Posted on February 11, 2016 08:51:00 PM

By Krista A. M. Montealegre, Senior Reporter

Stocks climb as Yellen hints at delay in rate hikes

STOCKS finished with modest gains yesterday on optimism that the US Federal Reserve will defer a rate hike next month amid market turmoil and deteriorating growth in the Chinese economy.

The benchmark Philippine Stock Exchange index (PSEi) climbed 25.95 points or 0.39% to close at 6,663.43, near the session’s high of 6,674.70.

The all-shares index advanced 21.51 points or 0.56% to finish at 3,846.72.

The market’s modest gains were due to “[Federal Reserve Chairperson Janet] Yellen’s testimony that the US economic outlook is uncertain,” boosting expectations that an “interest rate hike in March is off the table,” Joylin F. Telagen, equity analyst at IB Gimenez Securities, said in a mobile phone message.

In her semiannual monetary policy report before the US Congress, the Federal Reserve chief said tightening financial conditions and uncertainty over China’s economic health threaten to derail the US’ recovery, and, possibly, consequent rate hikes.

“Financial conditions in the United States have recently become less supportive of growth,” Ms. Yellen said. “These developments, if they prove persistent, could weigh on the outlook for economic activity and the labor market.” Still, the Fed chief said the central bank is unlikely reverse the interest rate tightening cycle it began in December.

“That said, [Ms.] Yellen did suggest that such risks could delay plans for raising short-term interest rates. Given this, the market locally took this as a positive as the Fed would take further consideration before raising rates again,” Luis A. Limlingan, business development head at Regina Capital Development Corp., said in a separate mobile phone message.

All counters finished in the green led by mining and oil, which surged 422.15 points or 4.17% to 10,541.09.

Likewise, services rose 12.74 points or 0.85% to close at 1,504.14 yesterday; financials added 9.47 points or 0.62% to 1,524.18; industrial jumped 62.76 points or 0.59% to 10,672.43; property went up 11.24 points or 0.42% to 2,678.38; and holding firms inched up 6.44 points or 0.10% to end the session at 6,271.04.

Value turnover picked up to P4.83 billion yesterday after 3.88 billion shares changed hands, from the P4.57 billion recorded on Wednesday.

Gainers outnumbered losers, 111 to 64, while 30 issues were unchanged. Net foreign selling accelerated to P584.54 million from the P514.06 million seen in the previous session.

“With better-than-expected fourth-quarter [Philippine] gross domestic product and central banks’ support to [the global] economy, we are just waiting for corporate earnings reports to trickle in and if earnings reports are better, I expect the PSEi to retest 6,800 soon,” IB Gimenez Securities’ Ms. Telagen said.

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-climb-as-yellen-hints-at-delay-in-rate-hikes&id=122929

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

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