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 14, 2018 Data)

Total Traded Value – PhP 12.311 Billion – Medium
Advances Declines – (Ideal is 2:1) 110 Declines vs. 76 Advances = 1.45:1 Neutral
Total Foreign Buying  PhP 7.418 Billion
Total Foreign Selling – (PhP 9.642) Billion
Net Foreign Buying (Selling)  (PhP 2.224)  Billion – 21st 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:

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PHL stocks extend decline after US Fed rate hike

June 14, 2018 | 10:00 pm

SHARE PRICES dropped anew on Thursday after the US Federal Reserve hiked interest rates for the second time this year.
The benchmark Philippine Stock Exchange index (PSEi) fell 0.96% or 73.44 points to 7,529.54.

The all-shares index also lost 0.78% or 36.17 points to 4,593.18.

“The market still gave way to selling with the FOMC (Federal Open Market Committee) raising rates, more importantly implying that four rate hikes will happen this year instead of three,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.

Fed Chairman Jerome H. Powell announced after the US central bank’s two-day policy meeting that it has decided to raise benchmark rates by 25 basis points, bringing the interest rates to a range of 1.75% to 2%. The FOMC decided to increase rates on the back of optimism for the US’ economic growth.

This marked the second rate hike for the year, with analysts anticipating two more rate hikes within the year.

“The rate increase also had the effect of narrowing a closely watched gap between rates of two-year and 10-year Treasury notes, which has recently been one of the strong predictors of recessions,” Regina Capital’s Mr. Limlingan said.

Main indices in the US also bled following the rate hike. The Dow Jones Industrial Average slumped 0.47% or 119.53 points to 25,201.20. The S&P 500 index went down 0.40% or 11.22 points to 2,775.63, while the Nasdaq Composite index dipped 0.11% or 8.09 points to 7,695.70.
Most Asian markets also closed lower on Thursday, as investors priced in the effects of the rate hike.

Back home, the property sector suffered the largest decline with a loss of 3.11% or 115.59 points to 3,596.05. Financials went down 1.11% or 21.22 points to 1,882.44, while industrials shed 0.28% or 30.27 points to 10,725.69. Mining and oil gave up 0.19% or 19.61 points to 10,130.77, while services dipped 0.10% or 1.54 points to 1,493.43.

Holding firms was the lone sub-index that managed to eke out gains, rising 0.11% or 8.34 points to 7,514.66.

Some 940.36 million issues switched hands, resulting in a value turnover of P12.31 billion, almost twice the P7.17 billion seen in the previous session.

Decliners outpaced advancers, 110 to 76, while 57 issues switched hands.

Net foreign selling swelled to P2.22 billion from the P1.51 billion recorded on Thursday. This is the 21st straight day that investors maintained a selling position from the local equities market.

“It looks like FTSE’s (Financial Times Stock Exchange 100 Index) rebalancing along with further weakness from the peso really did a number on the index as the PSEi saw P2.2 billion of net foreign selling today,” Papa Securities Corp. trader Gabriel Perez said in an e-mail on Thursday.

With this, Mr. Perez noted that foreign investors have already sold what they bought in 2017, with year-to-date net foreign selling now at P58.5 billion, versus 2017’s net foreign buying of P56.2 billion. — Arra B. Francia

Source: http://bworldonline.com/phl-stocks-extend-decline-after-us-fed-rate-hike/

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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.