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 22,  2017  Data)

Total Traded Value –  PhP  8.684  Billion –  Medium
Advances Declines Ratio – (Ideal is 2:1)  102 Declines vs. 98 Advances  = 1.04:1  Neutral
Total Foreign Buying – PhP 4.911  Billion
Total Foreign Selling – (PhP  4.238)  Billion
Net Foreign Buying (Selling) – PhP 0.673  Billion – 2nd day of Net Foreign Buying after 2 days 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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PSEi skids to three-week low, bucks Asia’s gains

Posted on June 23, 2017

LOCAL EQUITIES retreated for a third straight day to drag the Philippine Stock Exchange index (PSEi) to a three-week low.

Analysts blamed the persistent weakness to external factors although some pointed to a weakening peso and Credit Suisse’s gloomier economic outlook on the Philippines as also damping sentiment.

“Philippine stocks slumped before the BSP (Bangko Sentral ng Pilipinas) released its stance on monetary policy while tracking regional peers,” said Luis A. Limlingan, business development head at Regina Capital Development Corp.

The BSP held fire on rates at its Thursday meeting.

The PSEi lost 28.03 points or 0.35% to finish at 7,858.34, its worst since May 31.

The broader all-shares index also slipped by 9.27 points or 0.19% to close at 4,699.52. Save for financial stocks, all sector indices declined.

Mr. Limlingan said US stocks slumped for a second day as oil prices continued their downward trek, dragging energy shares.

He said a negative start on Wall Street persisted throughout the day, preventing the PSEi to climb above the 20-day moving average of 7,920. He pegged the main index’s support at the 50-day moving average of 7,800.

Miguel A. Agarao, vice-president of Philequity Management, Inc., pointed to the weak peso and volatile global markets as the factors that weighed down local stocks.

Asian stocks advanced on Thursday, but European stocks were mixed with financial spread better CMC Markets expecting Britain’s FTSE 100 to open up 0.1%, Germany’s DAX to be little changed and France’s CAC 40 to start the day down 0.1%. All three closed in negative territory on Wednesday.

MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.7%. Chinese shares added to gains made on Wednesday after MSCI included mainland shares in its emerging market indexes. The blue-chip index rose 1.3%. The Hang Seng failed to sustain early gains.

“Credit Suisse also downgraded our GDP (gross domestic product) growth forecast,” Mr. Aragao added.

Miko S. Sayo, trader at Angping & Associates Securities, Inc., said: “Foreign funds are still not buying.”

Foreigners on Thursday bought more shares than they sold, resulting in a net buying of stocks worth P673.44 million, more than double the other day’s net of P337 million.

Value turnover was P8.68 billion, slightly higher than the P8.14 billion posted on Wednesday. But losers outnumbered gainers at 102 to 98, while 47 stocks closed unchanged. — V.V. Saulon with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-skids-to-three-week-low-bucks-asias-gains&id=147159

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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