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. 7, 2016  Data)

Total Traded Value –  PhP 5.416 Billion –  Low

Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish)  162 Declines vs. 22 Advances  = 7.36:1 Bearish

Total Foreign Buying – PhP 3.100 Billion

Total Foreign Selling – (Php 2.589) Billion

Net Foreign Buying (Selling) – Php 0.511 Billion – 1st day of Net Foreign Buying  after 2 days of Net Foreign Selling

 

 

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 07, 2016 08:51:00 PM

By Krista A. M. Montealegre, Senior Reporter

PSEi plunges to 20-month low on China sell-off

THE PHILIPPINE Stock Exchange index (PSEi) sank to its lowest level in almost two years yesterday, inching closer to a bear market after joining a regional bloodbath sparked by China’s move to sharply weaken the yuan’s reference rate.

The benchmark index plunged 195.02 points or 2.86% to close at 6,618.88, dropping to its lowest level since April 28, 2014 when the local barometer ended at 6,604.35, according to data from the bourse.

This was also the main gauge’s biggest one-day decline since plummeting 6.7% in Aug. 24, when Beijing started devaluing the yuan.

The all-shares index pulled back by 99.07 points or 2.53% to finish at 3,814.48.

“We followed the regional market’s decline following a huge sell-off in China. The PBOC (People’s Bank of China) cut its reference rate so the yuan weakened and investors were speculating that the slowdown is worse than expected, triggering a massive sell-off in equities,” Alexander Adrian O. Tiu, senior equity analyst at AB Capital Securities, Inc., said in a telephone interview.

The PBOC set the yuan reference rate lower by half a percent prior to the market open — the biggest decline between daily fixings since August and the eighth consecutive day that the central bank guided the yuan lower. As a result, Chinese equities tanked 7%, triggering a stock market circuit breaker for the second time this week.

“Everyone’s just waiting. We are just about 200 points away from hitting the bear market — which is 20% off from the stock market’s peak at 8,136.97,” Luis A. Limlingan, business development head at Regina Capital Development Corp., said in a mobile phone message.

Local counters finished deeply in the negative territory with four counters losing more than 3% each.

Mining and oil dived 356.21 points or 3.52% to 9,737.76; property fell 93.4 points or 3.3% to 2,735.02; holding firms went down by 202.23 points or 3.11% to 6,285.66; and industrial declined 335.66 points or 3.07% to 10,571.39.

Services also gave up 33.44 points or 2.23% to 1,462.55 and financials tumbled 17.01 points or 1.11% to 1,505.11.

Value turnover picked up to P5.42 billion after 689.22 million shares changed hands, from P4.26 billion on Wednesday.

More than seven issues declined for every advancer, while 26 stocks closed flat.

Amid the sell-off, foreign investors bought up the local market, with net purchases of P510.91 million — a turnaround from the net foreign selling of P149.86 million in the prior session.

“We are near the support of 6,600 so there might be a flat finish or a small bounce [today]. However, sentiment overall is still negative coming from the concerns of a slowdown in China,” AB Capital’s Mr. Tiu said.

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-plunges-to-20-month-low-on-china-sell-off&id=121105

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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.