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 30,  2017  Data)

Total Traded Value –  PhP  9.903  Billion – Medium
Advances Declines Ratio – (Ideal is 2:1)  118  Declines vs. 89 Advances = 1.33:1  Neutral
Total Foreign Buying – PhP 5.240  Billion
Total Foreign Selling – (PhP  4.206)  Billion
Net Foreign Buying (Selling) – PhP 1.034  Billion – second day of Net Foreign Buying after 3 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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Stocks to consolidate as market waits for drivers

Posted on July 03, 2017

LOCAL SHARES are expected to trade sideways in the next few days as investors anticipate key drivers to emerge during the third quarter, which has historically seen weak trading sessions.

As sessions turned within range during the four-day trading week, the Philippine Stock Exchange index moved within 7,734-7,894 while average turnover expanded 5% at P7.77 billion.
The bourse closed the first semester of the year 29 points up to 7,843 or 0.37% week-on-week services recorded sluggishness — down 1.55% — which was offset by gains registered in holding firms, which went up 1.4%.

“Third quarter is traditionally a weak season for trading so there is the possibility of lightening up on the part of funds before they resume bargain hunting in the last quarter,” said Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message over the weekend.

“Expect some consolidation for now, as the market builds its base to support stronger rises,” said online brokerage 2TradeAsia.com in its weekly outlook.

Regina Capital’s Mr. Limlingan said for this week investors will be anticipating the inflation report for June set to be released on Wednesday, wherein consensus falls at 2.7%, lower than the previous month’s 2.9% mainly due to the risks in crude prices and electricity rates.

Inflation likely eased in June on the back of lower oil and power rates, analysts said in a BusinessWorld poll, with some noting that the chances for the central bank to raise interest rates this year are “diminishing.”

A poll among 13 economists yielded a median forecast of 3% for the month, which if realized would be slower than May’s 3.1% reading but would still jump from the 1.9% rate seen in June 2016. It would likewise mark the second straight month when inflation declined since a 3.4% reading in April.

The figure also falls within the 2.4-3.2% forecast range given by outgoing Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. late Friday, just before ending his 12-year run as central bank chief and handing the post over to his successor today.

Earlier, the BSP adjusted its inflation outlook for this year downward to 3.1% from 3.4% previously. The forecast may have prompted the peso’s weakness against the greenback during the week and reinforced expectations for another status quo on increasing interest rates as a result of mild inflation.

“Set against this backdrop, consumer-related shares might be highlighted, as some funds realign part of their holdings to stocks that would benefit from the last-quarter push,” Mr. Limlingan added.

2TradeAsia.com projects immediate support at the 7,800 level and resistance at 7,900-7,950.

“Internationally, the US will face a shortened week because of the July 4 holiday. Regardless, the market will pay attention to some important data such as crude oil inventories and jobless claims,” Mr. Limlingan added. — J.C. Lim

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-to-consolidate-as-market-waits-for-drivers&id=147594

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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