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 14,  2017  Data)

Total Traded Value –  PhP  7.485  Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 104 Declines vs. 94 Advances = 1.11:1  Neutral
Total Foreign Buying – PhP 3.688  Billion
Total Foreign Selling – (PhP  4.468)  Billion
Net Foreign Buying (Selling) – (PhP 0.780  Billion) – 2nd 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 seen sideways as investors hunt for leads

Posted on July 17, 2017

THE MARKET will take its cue from US economic data this week, as investors scout for catalysts to push stocks to higher levels.

The Philippine Stock Exchange index (PSEi) closed at 7,885.90 on Friday, down 0.64% or 50.95 points from Thursday’s close.

The bellwether’s finish was also lower by 3.43 points or 0.04% week on week from its 7,889.33 close last July 7, with sectors closing mostly lower led by services and financials, which declined by 0.42% and 0.24%, respectively.

Value turnover reached P7.5 billion, up 26% week on week. Losers outnumbered winners at 103 to 97, while net foreign outflows totalled P173 million.

The market moved mostly sideways last week due to Federal Reserve Chair Janet L. Yellen’s testimony to the US Congress last Wednesday, where she said 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.

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.

At home, players turned to second quarter earnings as well as economic growth projections for the rest of the year.

“[This] week, the markets will be feeding off the latest economic data that will be announced in the US on Friday: core CPI (consumer price index), retail sales, manufacturing production and industrial production,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said ahead of the data release.

US consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation and soft domestic demand that diminished prospects of a third interest rate increase from the Fed this year.

Still, the economy likely regained speed in the second quarter after a sluggish performance at the start of the year. Other data on Friday showed industrial production picked up in June, driven by a surge in oil and gas drilling.

Mr. Limlingan said investors may also start positioning ahead of second quarter earnings.

Support remains at 7,800, while resistance is pegged at the 7,950 to 8,000 level, he said.

2TradeAsia.com said markets may also look to the policy meetings of the European Central Bank and the Bank of Japan this week “as concerns have been brewing how various central bankers will decide in tightening policies without creating a blip in financial markets.”

The market is waiting for the PSEi to breach the 8,000 level which it has neared in several trading days last week, it said.

“Any hint on the commencement of infra[structure] spending & efforts to support corporate earnings growth will reinforce investors’ valuation perception, especially those in the hunt for better returns,” the online brokerage added, placing support at 7,800 and resistance at 7,900 to 7,950. — JCL with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-seen-sideways-as-investors-hunt-for-leads&id=148290

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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