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 June 1,  2017  Data)

Total Traded Value –  PhP  10.947  Billion –  Medium
Advances Declines Ratio – (Ideal is 2:1)  127 Advances vs. 82  Declines = 1.55:1  Neutral
Total Foreign Buying – PhP 5.725  Billion
Total Foreign Selling – (PhP  5.535)  Billion
Net Foreign Buying (Selling) – PhP 0.190  Billion –4th day of Net Foreign Buying after a  day of Net Foreign Selling

          

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 rise on PMI data, passage of tax bill

Posted on June 02, 2017

STOCKS rose to open the month in the green after Congress approved the government’s first tax reform package and following the release of positive manufacturing data, increasing optimism about the Philippine economy. The Philippine Stock Exchange index climbed 90.37 points or 1.15% to close at 7,927.49 on Thursday.

The all shares index also went up 44.82 points or 0.95% to 4,730.32.

“It was taken as a positive sign that the House of Representatives on Wednesday passed on the third and final reading of the tax reform bill,” said Luis A. Limlingan, business development head at Regina Capital Development Corp.

He said the approval would help add another P82 billion in tax collections and help in the administration’s ambitious infrastructure spending.

“Further propelling funds to buy was today’s release of the PMI (purchasing managers’ index) data, which showed the country still in expansionary state with a reading of 54.3 for the month of May,” Mr. Limlingan said on Thursday.

He was referring to seasonally adjusted Nikkei Philippines Manufacturing PMI data, which was up from 53.3 in April, “signaling another strong upturn in the sector,” said critical information provider IHS Markit.

The latest PMI reading was also the highest so far this year.

Mr. Limlingan said the PMI print showed “the Philippines manufacturing sector remained firmly in expansion territory during May, underpinned by robust output growth and new orders.”

Overseas, Mr. Limlingan said: “The Fed’s Beige Book reported that activity expanded at a modest-to-moderate pace across most districts in early April through late May, though a couple of districts reported the pace of growth slowing.”

“Consumer spending continued to soften, while growth in manufacturing activity remained moderate across most districts. Despite increased reports of labor supply constraints, employment continued to grow at a modest-to-moderate pace. Relative to the last report, price pressures mostly held steady and wage growth was generally stable,” he added.

Nearly all sectoral indices finished higher, led by services, which rose 51.92 points or 3.10% to 1,726.81. Property followed, gaining 45.37 points or 1.24% to 3,693.14. Financials went up 17.48 points or 0.90% to 1,957.25; industrials climbed 81.92 points or 0.74% to 11,143.20; and holding firms moved up by 50.47 points or 0.64% to 7,876.08.

Only mining and oil stocks retreated as the counter declined by 63.01 points or 0.50% to 12,411.01.

Advancers widely outnumbered the decliners at 127 to 82, while 49 stocks finished unchanged.

Value turnover went down to P10.95 billion yesterday from Wednesday’s P17.12 billion as 1.49 billion shares changed hands.

Foreign buying persisted, even as net inflows went down to P190.42 million yesterday from P572.40 million the previous session. — V.V. Saulon

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=local-shares-rise-on-pmi-data-passage-of-tax-bill&id=146135

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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