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. 3, 2016  Data)

Total Traded Value –  PhP 5.804 Billion –  Low

Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish)  123 Declines vs. 51 Advances   = 2.41:1  Bearish

Total Foreign Buying – PhP 3.499 Billion

Total Foreign Selling – (Php 3.591) Billion

Net Foreign Buying (Selling) – (Php 0.092)  Billion – 1^st day of Net Foreign Selling after 7 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:

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Posted on February 03, 2016 08:01:00 PM

By Krista A. M. Montealegre, Senior Reporter

Shares extend decline as oil prices drop further

STOCKS extended their losses yesterday, as another big drop in oil prices revived worries over its spillover effects to economies worldwide.

The Philippine Stock Exchange index (PSEi) sank 120.97 points or 1.82% to close at 6,521.48, near the session’s low. The all-shares index plummeted 61.85 points or 1.62% to end at 3,743.97.

“We just basically mimicked oil, which was down big [on Tuesday]. It has a wide-ranging impact including the credit market in the US and the Middle East where we have a lot of OFWs (overseas Filipino workers),” Alexander Adrian O. Tiu, senior equity analyst at AB Capital Securities, Inc., said in an interview.

US crude oil tumbled 5.5% to $29.88 a barrel, bringing its two-day losses to 11%.

Wall Street succumbed to a sell-off on Tuesday night after oil giants Exxon Mobil and BP registered lower quarterly profits. Asian markets followed suit yesterday.

The MSCI’s broadest index of Asia-Pacific shares outside Japan fell 2.1%, led by a 2.7% fall in Hong Kong shares.

Japan’s Nikkei lost 3.2%, wiping out almost all of its gains made after the Bank of Japan on Friday had announced it would introduce negative interest rates. Overnight, the US Standard & Poor’s 500 index fell 1.9%.

Oil prices have fallen about 70% in the past 18 months, largely due to a growing supply glut but also exacerbated by cooling economic growth in China and other emerging markets.

This relentless decline in oil prices and concerns on slower global growth have been weighing on stock markets worldwide since the start of the year, even dragging the PSEi to bear territory.

“The 6,600 mark was the previous technical support and now it’s acting as a resistance. The market had rallied so much from its recent low. The increase was quite significant so a lot of people are taking profits,” COL Financial Group, Inc. Head of Research April Lynn L. Tan said by phone.

All counters lost at least 0.95% each. Services was the biggest drag to the market, plunging 41.49 points or 2.76% to 1,459.06.

Likewise, holding firms fell 124.61 points or 1.99% to 6,118.75; property declined 47.81 points or 1.78% to 2,636.51; financials shed 20.57 points or 1.35% to 1,500.24; industrial slid 105.95 points or 1% to 10,438.09; and mining and oil slumped 88.80 points or 0.95% to 9,229.52.

Value turnover thinned to P5.8 billion after 651.75 million shares changed hands, from Tuesday’s P6.29 billion.

Losers dominated gainers, 123 to 51, while 33 issues were unchanged.

Foreign investors ended their buying streak, with net sales of P93.88 million registered yesterday — a reversal of the net purchases of P74.67 million.

“It’s going to be a data-dependent week, but this is a much due profit taking given our gains last week,” AB Capital’s Mr. Tiu said.

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=shares-extend-decline-as-oil-prices-drop-further&id=122538

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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