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 5, 2017  Data)

Total Traded Value –  PhP  10.280 Billion – Medium

Advances Declines Ratio – (Ideal is 2:1)  146 Advances vs. 55 Declines = 2.65:1  Bullish

Total Foreign Buying – PhP 5.800  Billion

Total Foreign Selling – (PhP  5.072 Billion)

Net Foreign Buying (Selling) – PhP  0.728  Billion – 5th 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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Stocks extend climb on Fed minutes, Wall Street

Posted on January 06, 2017

STOCKS sustained their rise on Thursday, with the Philippine Stock Exchange index (PSEi) posting a gain of more than 2%, as the local market tracked Wall Street’s gains.

The bellwether PSEi surged by 2.53% or 178.49 points to close at 7,209.44, ending in the green for the third straight session.

The all-shares index also finished higher by 2.09% or 88.99 points to 4,336.77.

“The market got a boost today following the rally in the US markets last night,” Lexter L. Azurin, head of research at Unicapital Securities, Inc., said on Thursday.

“For one, US and some European markets are making new highs, so emerging markets will eventually follow,” said Miguel A. Agarao, vice-president of Philequity Management, Inc.

“With foreign selling reversing to foreign buying, the market spiked sharply. Note also that valuations have become reasonable after the drop last year,” Mr. Agarao said.

US shares ended higher on Wednesday even after minutes from the Federal Reserve’s December meeting showed concerns that quicker economic growth under president-elect Donald J. Trump could require faster interest rate hikes to ward off inflation.

Sentiment was also boosted by a string of upbeat factory and service sector surveys across the globe this week.

“FOMC (Federal Open Market Committee) minutes showed a possible resurgence of the US economy,” Unicapital’s Mr. Azurin said. He added that Fed officials had even upgraded estimates for US gross domestic product growth this year, which he said led to a rally in global equities.

A&A Securities, Inc., however, raised the question of whether the market’s performance since the start of the year was caused by “January guidance” or the “January effect,” a term used in the market to mean stocks’ behavior at the year’s onset.

It said the start of the year was “actually bridging the action from the final week(s) of December to the first week” of the new year, and noted that the main driver of the “phenomenon” is “window-dressing” — when funds push prices higher for accounting purposes “as books are closed and reports to their stakeholders are prepared.”

All sectoral indices closed Thursday’s session in the green, led by holding firms, which jumped by 3.06% or 218.66 points to 7,360.87.

Financials surged 2.90% or 49.30 points to 1,743.80; mining and oil rose 2.18% or 265.04 points to 12,387.81; property gained 2.14% or 68.29 points to 3,250.53; services went up by 1.66% or 22.34 points to 1,362.09; and industrials posted a 1.61% increase or 175.58 points to end at 11,047.85.

Trading value hit P10.28 billion, up from the P7.59 billion seen on Wednesday, as 1.33 billion shares changed hands.

Advancing stocks widely outpaced decliners, 146 to 55, while 32 stocks finished unchanged.

Net foreign buying surged to P727.91 million yesterday from the P184.08 million seen the previous session. — V.V. Saulon 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