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 4, 2017  Data)

Total Traded Value –  PhP  7.586 Billion – Low

Advances Declines Ratio – (Ideal is 2:1)  144 Advances vs. 43 Declines = 3.35:1  Bullish

Total Foreign Buying – PhP 3.639  Billion

Total Foreign Selling – (PhP  3.455 Billion)

Net Foreign Buying (Selling) – PhP  0.184  Billion – 4th 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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PSE index back above 7,000 on bargain hunting

Posted on January 05, 2017

THE BELLWETHER INDEX rallied to return above the 7,000 line on Wednesday as investors picked up bargains following the market’s weak performance as 2016 closed.

The Philippine Stock Exchange index (PSEi) finished strong yesterday, climbing 2.47% or 169.64 points to reach 7,030.95 on the second trading day of the year. The all-shares index also gained 1.94% or 81.22 points to close at 4,247.78.

Harry G. Liu, president of Summit Securities, Inc., said what drove up the market was “basically bargain hunting.”

“The market has already been very soft the last few weeks before the yearend, but it never breached the major support of the index at 6,800,” he said. “So the market is under oversold condition where you can notice that the volume has been very thin.”

On Wednesday, trading value surged to P7.59 billion from the P2.68 billion seen the previous session. More than 1.38 billion shares changed hands, up from 664.21 million shares on Tuesday.

Mr. Liu said yesterday’s bargain hunting was also spurred by “the perception that Donald Trump might improve the economy of the United States.”

“The US market is improving quite well, so our market took the cue,” he said, adding that some investors came back to accumulate shares at a lower price.

All sectoral indices closed higher yesterday, with property leading the rise with a 3.60% or 110.62-point gain to 3,182.24. Services also climbed 2.93% or 38.25 points to 1,339.75; financials leaped by 2.26% or 37.54 points to 1,694.50; holding firms went up 1.87% or 131.21 points to 7,142.21; industrials gained 1.40% or 151.11 points to 10,872.27; and mining and oil ascended by 1.39% or 166.17 points to 12,122.77.

Advancers trumped decliners, 144 to 43, while 41 names closed flat

Foreigners remained net buyers, although purchases dropped to a net P184.08 million from Tuesday’s P319.05 million.

“In the meantime, I only expect a medium-term rise and [for the market] to consolidate for a while,” Mr. Liu said.

He said the market’s long-term performance would depend on whether the medium-term turns out to be a positive consolidation.

Southeast Asian stock markets, except Indonesia, rose on Wednesday as investors took cues from a rally on Wall Street and European markets overnight which were boosted by upbeat factory activity data in the United States and the euro zone. US factory activity accelerated to a two-year high in December, while construction spending hit a 10-1/2-year high in November. In the euro zone, manufacturing activity hit the fastest pace in more than five years in December.

Singapore stocks rose as much as 0.80%, with consumer shares and financials pushing up the index.

Thai stocks were up as much as 0.90% to hit their highest in nearly five months. Malaysia rose 0.50%, while Vietnam stocks climbed to its highest in more than two weeks. — VVS with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=pse-index-back-above-7000-on-bargain-hunting&id=138550
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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 P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion