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 12, 2017  Data)

Total Traded Value –  PhP  5.952 Billion – Low

Advances Declines Ratio – (Ideal is 2:1)  113 Declines vs. 69 Advances  = 1.64:1  Neutral

Total Foreign Buying – PhP 2.811  Billion

Total Foreign Selling – (PhP  2.635  Billion)

Net Foreign Buying (Selling) – PhP  0.176  Billion – 10th 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 slips further on profit taking, Trump speech

Posted on January 13, 2017

STOCKS traded in the red for the second straight session, as investors continued to secure gains from previous rallies and ahead of the inauguration of billionaire Donald J. Trump as the 45th President of the United States.

The benchmark Philippine Stock Exchange index (PSEi) dropped another 57.27 points or 0.78% to reach 7,264.55 at the closing bell. The broader all-shares index likewise slipped 28.29 points or 0.64% to 4,379.98.

“The market’s two-day drop is a welcome relief following a six-session run that caught many pleasantly surprised,” Justino B. Calaycay, Jr., head of marketing and research at A&A Securities, Inc., said in a text message.

“As we have been pointing out, the narratives remain the same — those that we carried over from 2016 plus those that are expected to unfold in the days ahead. We believe that at this point, investors simply opted to book gains ahead of Trump’s inauguration,” Mr. Calaycay said.

All sectors ended in negative territory. The services and property counters registered the biggest losses of 30.08 points or 2.11% to 1,394.63 and 47.72 points or 1.43% to 3,276.56, respectively.

Financials, meanwhile, declined by 5.91 points or 0.33% to 1,754.11; holding firms by 22.14 points or 0.29% to 7,375.47; mining and oil by 29.03 points or 0.23% to 12,585.85; and industrials by 11.43 points or 0.10% to 11,200.82.

Decliners outnumbered advancers, 113 to 69, while 61 stocks were unchanged.

Value turnover further dropped to P5.95 billion, after 2.68 billion issues exchanged hands, from the P7.15 billion recorded on Wednesday.

Foreign investors continued to buy more shares, although their net purchases decreased to P176.02 million from P455.83 million on Wednesday.

“The market took on a selling position after president-elect Trump gave his first press conference of the year,” Luis A. Limlingan, head of business development at Regina Capital Development Corp., noted in a mobile phone message.

“Since the unexpected victory of Donald Trump in the US presidential election, financial markets have had to reassess their expectations on a wide range of policy issues,” Mr. Limlingan noted.

In this light, the market closely watched out for possible clues on what policies the new US government will adopt during the president-elect’s first press conference late Wednesday.

However, Mr. Trump did not focus on his policy agenda during the briefing.

“His press conference actually didn’t reveal much as it dealt mostly with Russia’s alleged hacks. The confirmation hearings of secretary of state nominee [Rex W.] Tillerson had more meat in terms of policy direction,” Mr. Calaycay noted.

Mr. Trump has espoused protectionist policies during and after the campaign for the White House. For instance, he proposed to impose heavier taxes on US companies outsourcing jobs and limit employment opportunities for migrants. — Keith Richard D. Mariano

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-slips-further-on-profit-taking-trump-speech&id=139014

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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