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 January 10, 2017  Data)

Total Traded Value –  PhP  8.948 Billion – Medium

Advances Declines Ratio – (Ideal is 2:1)  129 Advances vs. 74 Declines = 1.74:1  Neutral

Total Foreign Buying – PhP 4.022  Billion

Total Foreign Selling – (PhP  3.842  Billion)

Net Foreign Buying (Selling) – PhP  0.180  Billion – 8th day of Net Foreign Buying after 12 days of Net Foreign Selling   

  

       

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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PSEi settles above 7,300, highest in 2 months

Posted on January 11, 2017

LOCAL STOCKS advanced for the sixth straight session, with the main index rising above the 7,300 mark and hitting a two-month high, as investors continue picking up oversold issues and remain positive on the world economy’s prospects.

The bellwether Philippine Stock Exchange index (PSEi) closed 88 points or 1.20% higher at 7,364.34 on Tuesday, posting its highest reading since ending at 7,404.80 on Oct. 28 last year.

The PSEi traded within the positive territory throughout the session, opening at 7,278.57 and reaching an intraday high of 7,371.84. The index touched a low of 7,276.72, which remained higher than its 7,276.34 finish on Monday.

The broader All-Shares index, meanwhile, gained another 50.98 points or 1.16% to reach 4,417.13 toward the end of the session.

“The market went up again as momentum continues to build up buying pressure,” Frank Gerard A. Barboza, equity trader at AP Securities, Inc. said in a mobile phone message, noting the market has started seeing the “January effect.”

Value turnover thickened to P8.95 billion, after 5.61 billion shares exchanged hands, from the P5.25 billion recorded on Monday. Net foreign buying, however, decreased to P180.38 million from P202.11 million.

“Telco giants led the way again for the third day as buyers try to ride the current market strength,” Mr. Barboza noted, with Globe Telecom, Inc. and PLDT, Inc. emerging as the second and third most actively traded stocks.

All counters posted gains, led by the services sector that marched 29.72 points or 2.11% toward 1,434.37.

The property sub-index, meanwhile, rose by 57.05 points or 1.73% to 3,338.24; mining and oil by 198.83 points or 1.60% to 12,583.95; industrial by 111.01 points or 1% to 11,171.74; holding firms by 59.71 points or 0.80% to 7,456.55 and financials by 7.06 points or 0.40% to 1,765.04.

Advancers trumped decliners, 129 versus 74, while 41 names were unchanged.

Stocks also benefited from the decline of US markets that pushed investors to emerging markets for refuge, Luis A. Limlingan, head of business development at Regina Capital Development Corp., said in a text message.

US stocks declined after oil prices plunged 4% on higher drilling rig count and concerns over Iraqi’s compliance with production cuts, Mr. Limlingan noted.

The local market also tracked peers in Southeast Asia, which mostly headed north as encouraging economic data from China kept sentiment upbeat, according to Reuters.

The producer price index in China exceeded expectations, hitting more than 5-year highs in December, while consumer inflation remained benign as food prices rose at a more modest pace, Reuters reported.

“We see rotation to previously oversold issues and now traders are looking to catch up to the trend. There might be little room for this surge, however, as we now get closer to 7,400 level,” Mr. Barboza said.

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-settles-above-7300-highest-in-2-months&id=138895
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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