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 7,  2017  Data)

Total Traded Value –  PhP  6.902  Billion – Low
Advances Declines Ratio – (Ideal is 2:1)  104 Declines vs. 102 Advances = 1.02:1  Neutral
Total Foreign Buying – PhP 3.469  Billion
Total Foreign Selling – (PhP  3.621)  Billion
Net Foreign Buying (Selling) – (PhP 0.152)  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 to consolidate amid lack of major drivers

Posted on July 10, 2017

STOCKS may move sideways this week as the market continues to consolidate and in the absence of major catalysts.

Local equities posted some gains during the July 3-7 week, with all sectoral indices turning out positive results. The Philippine Stock Exchange index (PSEi) finished at 7,889.33 and gained 0.59% compared with the level a week earlier. On a four-week comparison, however, the main index was down by 1.26%.

The broader all-shares index also gained 0.92% on a weekly basis to finish at 4,735.12. All sectors eked out some gains, led by industrial stocks’ week-on-week climb of 1.61% to 11,139.92.

Property stocks followed with a rise of 1.23% to 3,651.28. Financial issues were also strong as they gained 1.18% to 1,960.90. The rest of the sectors ended the week positively, although their rise were less than a percentage point.

On average, the daily turnover for the week slipped to P6.09 billion, down 27% from P8.37 billion during the June 26-30 week.

Foreigners sold more stocks than they bought, resulting in a net selling of P269.93 million worth of shares, a reversal of the previous week’s net buying of P191.46 million.

“Sessions trailed sideways, with the PSEi range-bound at 7,734-7,894,” said 2TradeAsia.com.

For this week, Harry G. Liu, president of Summit Securities, Inc., said he expects the market to be “a bit on an upward rally” and maintain its consolidation unless a positive news sets in to serve as catalyst to lift stocks higher. He pegged the PSEi’s support at 7,700 and its resistance at 8,000.

Mr. Liu noted that fundamental stories to watch out for include the forthcoming opening of the Philippine Congress’ second session, the government’s tax reform packages, the situation in Marawi City and the discussions of the world’s biggest economies.

Miguel A. Agarao, vice-president of Philequity Management, Inc. said: “I expect it to consolidate between 7,700 and 8,000 in the near term.”

2TradeAsia.com, the online arm of F. Yap Securities, Inc. described the market’s recent performance as a “time to shop.”

“At this stage, fund managers are likely to review catalysts that could push the PSEi out of the 8,000 psychological resistance barrier,” it said.

“The sideways movement would be an opportune time to accumulate selectively on dips,” it added.

It placed the PSEi’s immediate support at 7,800 and resistance at 7,950-8,000.

Wall Street stocks closed on a high note Friday, with the S&P 500 index posting its best gain in six sessions on the heels of a US payrolls report that gave investors more confidence in the strength of the US economy.

The economy added 222,000 jobs last month, US Labor Department data showed, putting the Federal Reserve on track to raise interest rates once more this year. However, muted wage growth may give the Fed room to pause if need be. — Victor V. Saulon with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-to-consolidate-amid-lack-of-major-drivers&id=147955

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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