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 8, 2018 Data)

Total Traded Value – PhP 5.280 Billion – Low
Advances Declines – (Ideal is 2:1) 116 Declines vs.  83 Advances = 1.40:1 Neutral
Total Foreign Buying  PhP 2.644 Billion
Total Foreign Selling – (PhP 3.316) Billion
Net Foreign Buying (Selling)  (PhP 0.672)  Billion – 18th 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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PSEi slumps as trade deficit widens sharply

June 8, 2018 | 8:01 pm

By Arra B. Francia, Reporter

SHARES slumped on Friday, as the statistics office reported the Philippines’ trade deficit widened to a four-month high in April.

The bellwether Philippine Stock Exchange index (PSEi) fell back from the 7,800 level, dropping 0.80% or 62.57 points to finish at 7,740.74. The broader all shares index also went down 0.72% or 33.76 points to 4,690.10.

“Philippine markets traded lower on choppy trading from the region and the widening trade gap data that was just released this morning,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.

The Philippine Statistics Authority reported on Friday that the country’s trade gap widened to $3.62 billion in April, more than twice the $1.55 billion deficit seen in the same month in 2017.

Exports fell 8.5% to $5.11 billion in April, its fourth consecutive month of decline. Meanwhile, total imports jumped 22.2% to $8.73 billion during the period.

Most Asian markets as investors once again turned cautious amid rising trade concerns between the United States and China. Japan’s Nikkei 225 dropped 0.56% to 22,694.50, breaking its four-day winning streak Korea’s KOSPI index also fell 0.77% to 2,451.58, while MSCI’s index of shares in the Asia Pacific ex-Japan also slowed by 1.31%.
Meanwhile, Wall Street ended mixed on Thursday, with the Dow Jones Industrial Average gaining 0.38% or 95.02 points to 25,241.41. The S&P 500 index went down by 0.07% or 1.98 points to 2,770.37, while the Nasdaq Composite index declined by 0.7% or 54.17 points to 7,635.07.

“The US market declined yesterday as traders were cautious as leaders of the Group of Seven Nations kicked off a summit in Canada…although the Dow Jones Industrial Average rose 95 points or 0.4%…with about two-thirds of the blue-chip companies finishing higher,” Mr. Limlingan said.

The G7 summit involves leaders of Canada, France, Japan, Germany, Italy, the United Kingdom, and the United States. The two-day summit is scheduled for June 8-9 in Canada, yet it has already dampened investor sentiment due to US President Donald J. Trump’s pronouncements against Europe and Canada.

Back home, the services counter was the lone sub-index that ended in positive territory, rising 0.21% or 3.17 points to 1,502.77.

Property shed 1.14% or 43.70 points to 3,804.22, followed by holding firms that went down 1.12% or 87.10 points to 7,664.86. Financials gave up 0.86% or 16.60 points to 1,925.89, while mining and oil fell 0.48% or 48.88 points to 10,195.13. Industrial ended 0.07% or 7.80 points lower to 10,865.40.

Some 826.82 million issues switched hands, resulting to a value turnover of P5.28 billion, slowing down from the previous session’s P6.93 billion.

Decliners outpaced advancers, 116 to 83, while 41 issues remained unchanged.

Foreign investors maintained their selling mode, with net outflows climbing to P671.65 million, higher than Thursday’s P486.83 million.

Source: http://bworldonline.com/psei-slumps-as-trade-deficit-widens-sharply/

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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.