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 15,  2017  Data)

Total Traded Value –  PhP  8.051  Billion –  Medium
Advances Declines Ratio – (Ideal is 2:1)  96 Declines vs. 90 Advances = 1.07:1  Neutral
Total Foreign Buying – PhP 4.021  Billion
Total Foreign Selling – (PhP  3.501)  Billion
Net Foreign Buying (Selling) – PhP 0.520  Billion –14th 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 stocks slip after Federal Reserve hikes rates

Posted on June 16, 2017

PHILIPPINE STOCKS dropped on Thursday, after the Federal Reserve’s decision to hike interest rates which has already been anticipated by the market.

The Philippine Stock Exchange index (PSEi) had mostly traded in positive territory on Thursday, before giving up 1.52 points or 0.01% to finish at 7,964.49. The wider all shares index also retreated by 1.49 points or 0.03% to close at 4,727.56.

Luis A. Limlingan, business development head at Regina Capital Development Corp., said the local market “decided to sell a bit on news today,” citing the Federal Open Market Committee (FOMC) decision, which was expected.

Reuters reported the Fed on Wednesday lifted its benchmark lending rate by a quarter percentage point to a target range of 1% to 1.25%, and forecasts one more hike this year.

The US central bank’s rate-setting committee said the economy had continued to strengthen, job gains remained solid and indicated it viewed a recent softness in inflation as largely transitory.

The Fed also gave a first clear outline on its plan to reduce its $4.2-trillion portfolio of Treasury bonds and mortgage-backed securities, most of which were purchased in the wake of the 2007-2009 financial crisis and recession.

Three of the six sector indices slipped, albeit slightly, with mining and oil recording a 95.26-point decline or 0.76% to 12,387.11.

Financials also dipped by 12.92 points or 0.66% to 1,940.27, and holding firms by 0.45 points or 0.01% to 7,906.64.

In contrast, industrials gained 33.90 points or 0.31% to 11,062.92. Property also rose by 10.25 points or 0.27% to 3,713.78. Services moved up by 1.95 points or 0.11% to 1,758.89.

Trading value was at P8.05 billion, down from P22.86 billion the other day.

Market breadth was negative with 96 losers to 90 gainers, while 58 finished unchanged.

Foreigners remained net buyers of stocks at P519.38 million, a bid slide from Wednesday’s net of P11.38 billion.

PLDT, Inc., Ayala Land, Inc., International Container Terminal Services, Inc., and SM Investments Corp. were the top active stocks.

PLDT the other day said PLDT Communications and Energy Ventures, Inc. (PCEV) had completed the divestment of its remaining stake in Beacon Electric Asset Holdings, Inc. to Metro Pacific Investments Corp. (MPIC) for P21.8 billion.

Beacon is a special purpose company jointly owned by PCEV and MPIC, which holds a 35% interest in Manila Electric Co. and a 56% stake Global Business Power Corp. — VVS with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=local-stocks-slip-after-federal-reserve-hikes-rates&id=146808

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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