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 Jan. 11, 2016  Data)

Total Traded Value –  PhP 7.230 Billion –  Low

Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish)  182 Declines vs. 22 Advances  = 8.27:1 Bearish

Total Foreign Buying – PhP 2.962 Billion

Total Foreign Selling – (Php 4.126) Billion

Net Foreign Buying (Selling) – (Php 1.164) Billion – 2nd day of Net Foreign Selling  after a days of Net Foreign Buying

 

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

 

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 January 11, 2016 08:51:00 PM

By Krista A. M. Montealegre, Senior Reporter

Main index nears 2-year low as sell-off deepens

THE BENCHMARK Philippine Stock Exchange index (PSEi) dropped yesterday to its lowest level in nearly two years, joining a regional sell-off triggered by worries over the financial turmoil in China.

The 30-company PSEi sank 287.17 points or 4.36% to close at the session’s low of 6,288.26 — its lowest finish since Feb. 18, 2014 when it ended at 6,193.97, according to bourse data. It was the local barometer’s biggest one-day percentage decline since last Aug. 24, when it lost 6.70%.

The PSEi is down 22.63% from its record high of 8,127.48 registered last April 10, touching bear territory. A drop of 20% is the common definition of a bear market.

The broader all-shares index plunged 160.31 points or 4.23% to settle at 3,627.97.

“A fall this Monday wasn’t really unexpected. But what came as a big shock was that this seeming ‘aftershock’ from last week’s tremor was just too wild and wide,” Justino B. Calaycay, Jr., analyst at Philstocks Financial, Inc., said in a research note.

“Everybody’s been talking about the critical break of the 6,600 level. It doesn’t help that regionally, the stock markets remain weak,” COL Financial Group, Inc. Head of Research April Lynn L. Tan said in a telephone interview.

Fears about a deep slowdown in China continue to take the limelight, fueling a global sell-off. Reeling from an already rough start to the year, Asian shares extended their losses yesterday led by Chinese equities, which tumbled more than 5%.

All sector counters were deep in the red, losing nearly 4% each. Property plummeted 171.32 points or 6.30% to 2,545.52 to become the biggest drag to the local stock market.

Likewise, mining and oil slumped 443.51 points or 4.57% to 9,249.42; industrial fell 422.06 points or 4% to 10,125.99; holding firms dropped 249.21 points or 3.98% to 6,012.77; services gave up 56.18 points or 3.90% to 1,383.68; and financials tumbled 50.36 points or 3.38% to 1,436.29.

Value turnover improved to P7.23 billion after 4.79 billion shares changed hands, from P5.57 billion on Friday.

More than eight stocks declined for every issue that advanced, while 28 issues changed hands.

Net foreign selling accelerated to P1.16 billion from P1 billion in the prior session.

Philippine equities may need domestic catalysts to get out of this slump, Philstocks’ Mr. Calaycay said, noting that the major economic data and corporate earnings are not expected until later in the month or even through the first two weeks of February.

“As this continues to be the prevalent mood, the prudent stance would be to wait for the volatility to ease and for the market to find a firmer footing before making any commitments,” he said.

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=main-index-nears-2-year-low-as-sell-off-deepens&id=121257

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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.