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 13,  2017  Data)

Total Traded Value –  PhP  9.230  Billion – Medium
Advances Declines Ratio – (Ideal is 2:1) 105 Declines vs. 88 Advances = 1.19:1  Neutral
Total Foreign Buying – PhP 4.906  Billion
Total Foreign Selling – (PhP  5.203)  Billion
Net Foreign Buying (Selling) – (PhP 0.297  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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Stocks end flat as Fed chief signals ‘gradual’ hikes

Posted on July 14, 2017

LOCAL SHARES traded sideways on Thursday after the much anticipated testimony of Federal Reserve Chair Janet L. Yellen to the US Congress failed to serve a catalyst to drive the market beyond the 8,000 level.

The bellwether Philippine Stock Exchange index (PSEi) ended almost flat, inching down 0.01% or 1.52 points to 7,936.85.

The broader all shares index likewise slipped 0.02% or 0.95 point to 4,753.72.

“The PSEi closed the day on a flat note after Federal Reserve Chairwoman Janet Yellen said the Fed won’t need to raise interest rates as high as previous cycles amid an uncertain inflation outlook,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message on Thursday.

Manuel Antonio G. Lisbona, president of PNB Securities, Inc., said markets remained in consolidation phase as Ms. Yellen’s statements were “largely” ignored by players.

“The Fed’s ‘gradual’ approach to a rate hike served to buoy the market somewhat as well,” Mr. Lisbona said yesterday in a text message.

The US economy is healthy enough for the Fed to raise rates and begin winding down its massive bond portfolio, though low inflation and a low neutral rate may leave the central bank with diminished leeway, Ms. Yellen said on Wednesday.

In what may be one of her last appearances before Congress, Ms. Yellen depicted an economy that, while growing slowly, continued to add jobs, benefited from steady household consumption and a recent jump in business investment, and was now being supported by stronger economic conditions abroad.

The Fed “continues to expect that the evolution of the economy will warrant gradual increases in the federal funds rate over time,” Ms. Yellen said in her prepared testimony. Reductions in the Fed’s portfolio of more than $4 trillion in securities are likely to begin “this year,” she said.

Sectoral indices were mixed. Services declined 0.59% or 10.11 points to 1,692.63; industrials fell 0.11% or 13.01 points to 11,132.91; and property edged down 0.06% or 2.44 points to 3,729.21.

On the other hand, holding firms climbed 0.08% or 6.99 points to 7,917.90; financials rose 0.06% or 1.33 points to 1,973.16; mining and oil went up 0.04% or 5.20 points to 12,744.01.

Losers outnumbered advancers, 105 to 88, while 56 names closed unchanged.

Value turnover dropped to P9.23 billion yesterday from the P9.35 billion registered on Wednesday as 1.99 billion shares changed hands.

Foreigners turned sellers anew with a net outflow of P296.71 million, from Wednesday’s net purchases worth P241.66 million.

Southeast Asian stock markets rose on Thursday, in line with broader Asia, as investors were relieved that Ms. Yellen indicated a more gradual tightening of monetary policy. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.2% to its highest since mid 2015. — J.C. Lim with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-end-flat-as-fed-chief-signals-&145gradual&8217-hikes&id=148250

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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