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 7,  2017  Data)

Total Traded Value –  PhP  10.310  Billion –  Medium
Advances Declines Ratio – (Ideal is 2:1)  120 Advances vs. 86 Declines = 1.40:1  Neutral
Total Foreign Buying – PhP 5.094  Billion
Total Foreign Selling – (PhP  4.244)  Billion
Net Foreign Buying (Selling) – PhP 0.850  Billion –9th 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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PSE index back above 8,000 on bargain hunting

Posted on June 08, 2017

SHARES rebounded on Wednesday and regained hold of the 8,000 level as investors picked up bargains ahead of key events this week and amid bullishness on the government’s tax reform program.

The Philippine Stock Exchange index (PSEi) resumed its ascent yesterday to close at 8,002.32, up 49.20 points or 0.61%. It bested Monday’s year-high close of 8,001.38, but is still way off the market’s all-time high of 8,127.48 logged on April 10, 2015.

The broader all shares also closed positively, gaining 19.96 points or 0.42% to 4,760.27.

Investors have kept their optimism on local equities, analysts said, with some even expecting the main index to further strengthen for the rest of the trading sessions this week.

Luis A. Limlingan, business development head at Regina Capital Development Corp., said investors “resumed their bargain hunting mode despite risks ahead of key events in major economies Thursday.”

“It is perceived that the Philippines is in a less risky situation than other markets,” he said.

Mr. Limlingan said in the US, stocks closed marginally lower again on Tuesday “as investors turned jittery ahead of a UK general election and continuous worries on FBI’s (Federal Bureau of Investigation) former boss, who will give testimonies to the Senate.”

“Traders see the ECB (European Central Bank) meeting and [former FBI Director James] Comey’s testimony on Thursday providing a short-lived market reaction,” he added.

He said investors were cautious in taking positions before risk events later this week including the UK elections, ECB’s policy decision and a testimony by Mr. Comey on his investigations into Russia’s involvement in the 2016 election.

The United Kingdom will hold its general elections on Thursday, while the US Federal Reserve will hold its rate-setting meeting on June 13-14, where traders are pricing in a fresh rate hike.

Miguel A. Agarao, vice-president Philequity Management, Inc., said the PSEi is “likely to hold around here or higher because of optimism over tax reform, which may lead to a credit rating upgrade in the future.”

“Foreign inflows have also been very strong,” he added.

On Wednesday, foreigners remained net buyers at P849.99 million, up from the previous session’s P196.2-million net inflow.

All sectoral indices likewise finished higher yesterday. Property rose 49.80 points or 1.33% to 3,775.86; services went up 14.99 points or 0.86% to 1,756.86; mining and oil climbed 93.84 points or 0.74% to 12,633.25; industrials added 70.59 points or 0.63% to 11,140.56; financials gained 3.84 points or 0.19% to 1,963.65; and holding firms inched up 6.6 points or 0.08% to 7,901.84.

Value turnover reached P10.31 billion, up from P8.18 billion the other day, with 2.89 billion shares changing hands. Gainers outpaced losers at 120 against 86, while 42 names finished unchanged. — V.V. Saulon

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=pse-index-back-above-8000-on-bargain-hunting&id=146375
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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