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, 2018 Data)

Total Traded Value – PhP 5.558 Billion – Low
Advances Declines – (Ideal is 2:1) 101 Advances vs. 89 Declines = 1.13:1 Neutral
Total Foreign Buying  PhP 2.871 Billion
Total Foreign Selling – (PhP 3.175) Billion
Net Foreign Buying (Selling)  (PhP 0.304)  Billion – 13th day of Net Foreign Selling after 2 days of Net Foreign Buying

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:

==================================================

Shares seen sideways as foreign outflows persist

June 4, 2018 | 12:01 am

By Arra B. Francia, Reporter

THE MAIN INDEX is expected to continue trading sideways in the week ahead, amid concerns on the selling mode seen among foreign investors.
The Philippine Stock Exchange index (PSEi) jumped 1.77% or 133.09 points to finish at 7,630.26 on Friday, recovering after sinking to a one-year trough on Wednesday.

On a weekly basis, the market ended with a 0.23% decrease, with average daily turnover climbing 59% to P8.33 billion. The mining and oil sector rose 2.03%, against services which was sold down by 2.67%. Decliners prevailed for the week at 110, versus 84 gainers.

Villar-led Starmalls, Inc. was the week’s top gainer, climbing 8.4%, following speculation that the company will be used for the family’s entry as the country’s third telco player.

“Local equities were dragged to an intra-week low of 7,461, as international concerns took center stage. The US imposed tariffs on steel and aluminum, Italy’s political turmoil created uncertainty on the euro zone’s stability, while crude futures went for a spin,” online brokerage 2TradeAsia.com said in a weekly market note.

The online brokerage said while liquidity is present following the Treasury’s award of P66 billion worth of three-year retail bonds, there is continued concern on foreign selling.

“Talks have always centered on net foreign selling — an issue that does not consider the country’s long-term merits. Unless the unloading issue abates, risk appetite will also be tested with upcoming offers this month,” 2TradeAsia.com said.

There are currently two initial public offerings lined up this month: Del Monte Philippines, Inc.’s P17.6-billion issuance and D.M. Wenceslao & Associates, Inc.’s P15.6-billion offering.

Rizal Commercial Banking Corp. will also conduct a P15-billion stock rights offering.

Eagle Equities, Inc. Research Head Christopher John Mangun noted that foreign investors have so far sold around P48 billion worth of Philippine equities, compared to P56 billion in purchases last year.

“This is an indication that the market is bottoming out, that the market can’t go any lower if there aren’t investors willing to sell it down. The best-case scenario is for the index to continue in this congestion area and hold the 7,500 support level,” Mr. Mangun said in a market report.
Mr. Mangun noted 7,500 remains to be a strong support for the main index.

“The 7,500 support level has continued to prove as very strong support both technically and psychologically. Despite all the negative factors in the market right now both locally and abroad, the index still held 7,500. Based on the current market sentiment, the index will continue to trade within this congestion area between 7,500 and 7,830,” he said.

Meanwhile, 2TradeAsia.com placed the market’s immediate support from 7,500 to 7,550, while resistance is from 7,750 to 7,800.

Source: http://bworldonline.com/shares-seen-sideways-as-foreign-outflows-persist/

=====================================================
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)

===================================================

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.