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 July 11,  2017  Data)

Total Traded Value –  PhP  7.169  Billion – Low
Advances Declines Ratio – (Ideal is 2:1)  118 Declines vs. 86 Advances = 1.37:1  Neutral
Total Foreign Buying – PhP 3.146  Billion
Total Foreign Selling – (PhP  3.209)  Billion
Net Foreign Buying (Selling) – (PhP 0.063)  Billion – first day of Net Foreign Selling after a day of Net Foreign Buying

          

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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Local shares rebound as Wall Street posts gains

Posted on July 12, 2017

THE main index rebounded on Tuesday, tracking US stocks which edged higher overnight, led by gains in technology stocks as investors were optimistic ahead of earnings.

The bellwether Philippine Stock Exchange index (PSEi) rose 0.26% or 20.67 points to close the session at 7,858.14.

The broader all shares index also inched up 0.02% or 1.17 points to 4,714.15 points.

“The PSEi bounced back after a rough start [on Monday], aligning with US equities, which closed mostly higher on Monday with the tech and material sectors rebounding further,” said Regina Capital Development Corp. Managing Director Luis A. Limlingan in a mobile message.

Overnight, the Dow Jones Industrial Average fell 5.82 points or 0.03% to end at 21,408.52,; the S&P 500 gained 2.25 points or 0.09% to 2,427.43; and the Nasdaq Composite added 23.31 points or 0.38% to 6,176.39.

Harry G. Liu, president of Summit Securities, Inc., said markets are “basically in technical consolidation,” a period wherein markets do not move beyond the support and resistance levels, which are seen at 7,700 and 8,000 for the PSEi, respectively.

“The longer the consolidation, the more that will be the direction we would take. Right now, it is lackluster, there’s no catalyst to bring it up, no negative big bad news to bring it down. All I can see from the technical point of view: should anything bridge the upper and the lower, definitely a decisive direction will occur,” Mr. Liu said in a phone interview.

Mr. Liu added that local markets will be turning to Wall Street for guidance especially after the semi-annual testimony of Fed Chair Janet L. Yellen before the US Congress scheduled overnight, wherein she is expected to speak on economic conditions and hint on the US central bank’s tightening plans.

Of the sectoral counters, only industrials ended in the red, declining 0.05% or 5.50 points to 11,062.94.

Services increased 0.61% or 10.41 points to 1,694.68; property climbed 0.60% or 22.11 points to 3,653.35; mining and oil expanded 0.30% or 38.68 points to 12,633.31; financials edged 0.10% higher or 2.03 points to 1,970.50; and holding firms inched up 0.03% or 3.08 points to 7,837.52.

Losers outnumbered advancers at 118 to 86, while 50 names were unchanged.

Value turnover climbed to P7.17 billion, slightly higher than the P7.09 billion logged on Monday, as 1.54 billion shares changed hands.

Foreigners turned net sellers anew at P63.60 million, reversing Monday’s net purchases worth P35.50 million in the prior trading day.

Most Southeast Asian stock markets moved sideways on Tuesday in thin trade as investors remained cautious Ms. Yellen’s monetary policy testimony.

Singapore was the biggest decliner in the region, shedding as much as 0.6%. Thai shares fell as much as 0.3% before paring some losses. Indonesian shares slipped to touch a three-week low. Malaysia and Vietnam were largely flat. — J.C. Lim with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=local-shares-rebound-as-wall-street-posts-gains&id=148093

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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