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 Mar. 3, 2016  Data)

Total Traded Value –  PhP8.940 Billion –  Medium

Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 105 Advances vs. 71 Declines  = 1.49:1  Neutral

Total Foreign Buying – PhP 5.017 Billion

Total Foreign Selling – (Php 4.166) Billion

Net Foreign Buying (Selling) – Php 0.851  Billion – 3rd 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 Software

 

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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Posted on March 03, 2016 09:01:00 PM

By Krista A. M. Montealegre, Senior Reporter

Stocks recoup early losses as outlook improves

STOCKS returned to the positive zone for the year, stretching their gains to a third session in a row, on the back of foreign inflows and easing concerns overseas.

The benchmark Philippine Stock Exchange index surged 80.99 points or 1.18% to close at 6,963.44.

Year to date, the local barometer is up 0.16% from its 2015 closing level of 6,952.08 after losses reached a high of 12.45%, even plunging to “bear” territory, or a decline of more than 20% from a recent peak.

The all-shares index rose 39.52 points or 0.99% to end at 4,008.27.

“The market broke out of resistance levels on favorable news abroad specifically the improving outlook for the US economy and the prospects for more stimulus in China,” Lexter A. Azurin, head of research at Unicapital Securities, Inc., said in a phone interview.

US stocks notched modest gains overnight after a report showed that private sector payrolls increased by 214,000 in February ahead of the release of the Labor Department’s monthly jobs data.

Investors are searching for clues about the timing of the next interest rate hike of the US Federal Reserve amid volatility in markets worldwide and lingering worries slower global economic growth and plunging oil prices.

The decision of the People’s Bank of China to cut banks’ reserve requirements as part of a slew of structural reforms also continued to underpin sentiment.

“Slowly, the funds are returning to the market, with volumes coming close to the historical average of P10 billion. Investors are cautiously optimistic, bracing potentially for a break of the 7,000 level,” Luis A. Limlingan, business development head at Regina Capital Development Corp., said in a telephone interview.

The holding firms sector was the top performer, rallying 153.45 points or 2.29% to close at 6,842.78. Likewise, property rose 38.18 points or 1.35% to 2,847.03; services climbed 14.76 points or 1.04% to 1,425.73; industrial added 31.62 points or 0.27% to 11,426.50; and financials inched up by less than a point or 0.03% to 1,506.33.

Mining and oil was the only counter in the red, losing 138.08 points or 1.25% to 10,854.25.

Value turnover dipped to P8.94 billion after 2.02 billion shares changed hands, from P9.42 billion in the prior session.

Advancers dominated decliners, 106 to 71, while 43 issues stayed flat.

Net foreign purchases slowed to P850.71 million from P1.05 billion logged on Wednesday.

“So far, we can say that external concerns have eased, which resulted in investors focusing on the positive macroeconomic story here in the Philippines. Even with the negative outlook abroad, we are still viewed as one of the markets that will perform well in the region,” Unicapital Securities’ Mr. Azurin said.

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-recoup-early-losses-as-outlook-improves&id=124002

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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 P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion