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 2, 2017  Data)

Total Traded Value –  PhP  5.943 Billion – Low

Advances Declines Ratio – (Ideal is 2:1)   102 Declines vs. 80 Advances = 1.28:1  Neutral

Total Foreign Buying – PhP 3.170  Billion

Total Foreign Selling – (PhP  3.413  Billion)

Net Foreign Buying (Selling) – (PhP  0.243)  Billion – 3rd 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:

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Stocks decline as miners reel from DENR order

Posted on February 03, 2017

LOCAL STOCKS mostly headed south after the Department of Environment and Natural Resources’ (DENR) order to close 21 mining operations shocked investors that chose to brave the uncertainties over the policy moves of US President Donald J. Trump rather than stay on the sidelines.

The Philippine Stock Exchange index (PSEi) closed almost unchanged at 7,225.91 on Thursday. The benchmark nevertheless extended its retreat by 1.54 points or 0.02% for the third consecutive session.

The broader all shares index likewise shed 3.80 points or 0.08% to settle at 4,365.71 during another session of thin trading.

“You still see investors staying on the sidelines — that’s why the value turnover was below average — because the Chinese New Year just passed,” Aniceto K. Pangan, trader at Diversified Securities, Inc., said in a telephone interview.

“Aside from that, we have these uncertainties abroad, specifically the protectionist stance of President Trump that made investors to take on a wait-and-see attitude for other ‘America first’ policies he would be pushing through,” the trader added.

Investors only traded 2.13 billion issues worth P5.94 billion, up from the P5.11-billion worth traded the previous session but well below the P7-billion daily average.

“Philippine share prices were on a rather somber mood — narrow trading band on thin activity — as leads failed to stoke a strong reaction either way,” Justino B. Calaycay, Jr., head of marketing and research at A&A Securities, Inc., noted in a trading post.

The US central bank’s Federal Open Market Committee left interest rates unchanged when it concluded its monetary policy review on Wednesday. It, however, remained upbeat about the direction of the world’s largest economy.

Decliners outnumbered advancers, 102 to 80, while 44 stocks were unchanged.

Property advanced by 22.84 points or 0.69% to 3,293.46; financials by 6.42 points or 0.36% to 1,751.98; and industrials by 12.49 points or 0.11% to 11,003.05.

On the other hand, mining and oil dropped by 200.73 points or 1.65% to 11,951.84; holding firms by 42.90 points or 0.57% to 7,373.33; and services by 3.89 points or 0.27% to 1,408.97.

“The mining sector naturally succumbed to panic following the developments on DENR’s mining ban,” Frank Gerard J. Barboza, trader at AP Securities, Inc. said in a mobile phone message.

The negative sentiment toward mining stocks, however, failed to reverberate across the Philippine market, Mr. Pangan noted, as many investors opted to stay on the sidelines mostly because of uncertainties over policy changes in the US.

In previous sessions, investors were sidelined by the immigration ban ordered by Mr. Trump against certain countries. “That alone would tell you what kind of policies will he make going forward,” Mr. Pangan said, recalling that Mr. Trump also vowed to discourage American companies from outsourcing jobs during his presidential campaign. — Keith Richard D. Mariano

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-decline-as-miners-reel-from-denr-order&id=140052
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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/.

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)

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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 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