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 4, 2018 Data)

Total Traded Value – PhP 4.941 Billion – Low
Advances Declines – (Ideal is 2:1) 100 Advances vs. 100 Declines  = 1.0:1 Perfectly Neutral
Total Foreign Buying  PhP 2.663 Billion
Total Foreign Selling – (PhP 2.213) Billion
Net Foreign Buying (Selling)  PhP 0.450  Billion – first day of Net Foreign Buying after 2 days of Net Foreign Selling

Data from the Philippine Stock Exchange

Screenshot courtesy of PSE.com.ph

PSE HEAT MAP

Screenshot courtesy of PSEGET

Top Ten Foreign Buying and Selling

Top Ten in Total Traded Value

Top Ten Gainers and Losers

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 rally on bargain hunting ahead of data

July 4, 2018 | 9:00 pm

LOCAL STOCKS jumped to their fourth straight day of gains on Wednesday as investors continued to search for bargains given the main index’s historically low valuation.

The benchmark Philippine Stock Exchange index (PSEi) climbed 1.11% or 81.08 points to 7,348.42. The broader all-shares index likewise rallied 1% or 44.21 points to 4,454.04.

“I think it’s primarily driven by broad bargain hunting since the index is already trading at the low end of its historical valuation range. Investors might have also positioned in anticipation of a positive inflation release [today],” China Bank Securities Corp. Research Director Garie G. Ouano said in a text message.

This is the first time the PSEi managed to stay in positive territory for four consecutive sessions since February, when the market was trading around the 8,600 level.

“Potential inflation surprises notwithstanding, I do think the rally is sustainable since the index is cheap already and a lot of the risks previously seen are short-term in nature,” Mr. Ouano said.

Investors are also waiting for inflation figures to be released Thursday, July 5. The central bank projected inflation to have accelerated by 4.3-5.1% last June, lower than the target range of 4.6-5.4% in May. Meanwhile, the Department of Finance said inflation likely reached a fresh five-year high of 4.9%.

“Many analysts are also still a bit cautious as well, awaiting the latest inflation report, which comes out (on Thursday). A lot are pointing that this would hit much higher than the 4.6% recorded for May,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.

The mining and oil sector was the lone sub-index that suffered a loss Wednesday, July 4, giving up 0.43% or 42.18 points to 9,669.62.
Services led advancers as the counter soared 1.92% or 26.83 points to 1,418.27, followed by property with an increase of 1.74% or 62.24 points to 3,625.24. Holding firms went up 0.99% or 71.59 points to 7,252.76; financials rose 0.61% or 10.98 points to 1,798.59, while industrials climbed 0.17% or 18.40 points to 10,465.87.

Some 590.89 million issues switched hands, resulting in a turnover of P4.94 billion, slightly higher than the P4.78-billion turnover on Tuesday.

The market saw an equal number of advancers and decliners at 100 stocks each, while 56 names ended flat.

Investors continued to pick up select large cap stocks. Shares in SM Investments Corp. were the most actively traded resulting in a 1.09% increase to P925 each. Ayala Corp. followed with a rise of 1.42% to P928 apiece, while SM Prime Holdings, Inc.’s shares gained 2.78% to P37 each.

Meanwhile, Wall Street indices closed lower Wednesday, July 4 on the back of thin trading ahead of the Fourth of July holiday. The Dow Jones Industrial Average went down 0.54% or 132.36 points to 24,174.82, while the Nasdaq Composite index slowed 0.86% to 7,502.67. The S&P 500 index also closed 0.49% lower to 2,713.22. — Arra B. Francia

Source: http://bworldonline.com/stocks-rally-on-bargain-hunting-ahead-of-data/

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In line with our VISION, A RESPONSIBLE IN EVERY FILIPINOS HOME, 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/. For those interested in the hard copy, please send email to: ninjatrader919@gmail.com Subject: The Responsible Trader – Hard Copy.

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.

The book can also be ordered online through our publisher, Central Book Supply. Just go to: http://central.com.ph/bookstoreplus then click Search – The Responsible Trader.

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.

Starting with August 11, 2017 data we are including the Top Ten Gainers and Losers for a more comprehensive coverage of significant stock movements during the day.