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 February 1, 2017  Data)

Total Traded Value –  PhP  5.108 Billion – Low

Advances Declines Ratio – (Ideal is 2:1)   96 Advances vs.  83 Declines = 1.16:1  Neutral

Total Foreign Buying – PhP 2.323  Billion

Total Foreign Selling – (PhP  2.889  Billion)

Net Foreign Buying (Selling) – (PhP  0.566)  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

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:

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

Main index slips as markets await Fed statement

Posted on February 02, 2017

THE MAIN INDEX lingered in negative territory on Wednesday as investors stayed on the sidelines amid the uncertainties surrounding US President Donald J. Trump’s economic policies and ahead of the results of the Federal Reserve’s policy review.

The Philippine Stock Exchange index (PSEi) dropped 2.21 points or 0.03% more to settle at 7,227.45. The all shares index, on the other hand, gained 1.70 points or 0.03% to close at 4,369.51.

“The positively spirited kick-off of the month’s trades quickly fizzled, with all gains returned and more even before traders broke for lunch as the weight of Trump’s recent comments and policy announcements introduced fresh uncertainties to an already wary marketplace,” Justino B. Calaycay, Jr., head of marketing and research at A&A Securities, Inc., said in a trading post.

The PSEi soared to 7,297.72 when the market opened and peaked at 7,300.21. The bellwether, however, eventually gave in and even touched an intraday low of 7,209.73.

“As the day progressed, the bears chipped off the lead, little by little, until eventually regaining the upper hand no more than 10 minutes into the day’s action. The bulls did try to fight back in the afternoon session, managing to push the benchmark briefly back to the green,” Mr. Calaycay said.

Still, market breadth was positive during the session, with 96 stocks advancing against 83 decliners and 54 closing steady.

The mining and oil sector led the pack, advancing 73.72 points or 0.61% to 12,152.57. Holding firms and industrials likewise ascended by 40.99 points or 0.55% to 7,416.23 and by 21.59 points or 0.19% to 10,990.56, respectively.

On the other hand, services declined by 10.68 points or 0.75% to 1,412.86; property by 15.42 points or 0.46% to 3,270.62; and financials by 6.68 points or 0.38% to 1,745.56.

“Investors continue to play it safe. Most prefer to stay in the sidelines given the uncertainties in the world market especially from the US side,” Astro C. del Castillo, managing director at First Grade Finance, Inc., said in a mobile phone message.

“Most funds prefer to wait for the FOMC (Federal Open Market Committee) announcement as this could dictate the pulse of the market,” Mr. Del Castillo added.

Investors only traded 1.10 billion issues valued at P5.11 billion during the session. The turnover remained below the P7-billion average and even declined from the P5.28 billion booked on Tuesday.

Foreign investors posted P566.43 million in net sales, adding adds to the P152.05-million net outflow seen the previous session.

“The narrative shifts back to a ‘market favorite’ — the US Federal Reserve’s FOMC meeting, its first for 2017. A statement on the results of the meeting is expected to be issued by 2 a.m. on Thursday,” Mr. Calaycay noted.

“Fortunately for us, the earnings cycle has already began, providing investors with something expectedly positive to chew on,” Mr. Calaycay added. – Keith Richard D. Mariano

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=main-index-slips-as-markets-await-fed-statement&id=139984
==================================================

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/.

As requested by those abroad and those who want the book in digital form, we have produced an eBook version. For those interested please send email to: ninjatrader19@gmail.com Subject: The Responsible Trader – eBook Version.

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)

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

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 PhP 8 Billion b. Medium – Total Traded Value Php 8 Billion but not more than P15 Billion c. High – Total Traded Value more than Php 15 Billion