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 11, 2017  Data)

Total Traded Value –  PhP  7.150 Billion – Low

Advances Declines Ratio – (Ideal is 2:1)  99 Declines vs. 88 Advances  = 1.13:1  Neutral

Total Foreign Buying – PhP 3.540  Billion

Total Foreign Selling – (PhP  3.084  Billion)

Net Foreign Buying (Selling) – PhP  0.456  Billion – 9th 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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PHL shares snap winning streak on profit taking

Posted on January 12, 2017

THE BELLWETHER INDEX yesterday snapped its winning streak but remained within the 7,300 level, after investors locked in gains and rotated away from stocks overbought in the previous sessions.

The Philippine Stock Exchange index (PSEi) shed 42.52 points or 0.57% to close at 7,321.82 on Wednesday. The broader all-shares index likewise dropped 8.86 points or 0.20% to 4,408.27.

“We’ve been rallying for several days [so] it’s only natural for the market to take a breather as some investors took profits,” Jonathan J. Latuja, research analyst at Unicapital Securities, Inc., said in a mobile phone message.

The PSEi has rallied in the past six consecutive sessions, gaining 523.70 points from its 6,840.64 finish last year. Investors have particularly bought stocks in the telecommunications sector and other securities previously oversold.

Coming from a two-month high, the PSEi moved to negative territory as soon as trading began on Wednesday. The index opened at 7,362.24 and posted an intraday low of 7,316.78. It, however, managed to reach 7,402.54 at one point.

In a report released ahead of Wednesday’s trading, COL Financial Group, Inc. flagged a possible rotation and correction in certain stocks because of the “overbought” condition of market.

The rotation and correction indeed manifested during the session, Juan G. Barredo, vice-president for sales and customer support services at COL Financial Group, Inc., said in a mobile phone message.

“Some highly strung issues like Globe Telecom, Inc., PLDT, Inc., GT Capital Holdings Corp., Metropolitan Bank Trust & Co., Manila Electric Co., SM Prime Holdings, Inc. moved to correct,” Mr. Barredo noted.

“Some fresh movers like Cebu Air, Inc., D&L Industries, Inc., Security Bank Corp., Pilipinas Shell Petroleum Corp. showed some ‘up’ moves. We expect more of these shifts for the meantime,” Mr. Barredo added.

The industrials and mining and oil counters bucked the downtrend, rising 40.51 points or 0.36% to 11,212.25 and 30.93 points or 0.24% to 12,614.88, respectively.

Holding firms posted the biggest decline of 58.94 points or 0.79% to 7,397.61. Services dropped by 9.66 points or 0.67% to 1,424.71; property by 13.96 points or 0.41% to 3,324.28; and financials by 5.02 points or 0.28% to 1,760.02.

Decliners beat advancers, 99 to 88, while 52 stocks ended flat.

Value turnover thinned to P7.15 billion from the P8.95 billion recorded on Tuesday, with the number of shares traded plunging more steeply to 1.74 billion from 5.61 billion. Foreign investors maintained a net buying position, which more than doubled to P455.83 million from P180.38 million on Tuesday.

Other markets in Southeast Asia rose on Wednesday, according to news service Reuters, as investors looked forward to the news conference of US president-elect Donald J. Trump to search for clues on his trade policies.– Keith Richard D. Mariano

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=phl-shares-snap-winning-streak-on-profit-taking&id=138951
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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