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. 4, 2016  Data)

Total Traded Value –  PhP6.940 Billion –  Low

Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 90 Advances vs. 83 Declines  = 1.08:1  Neutral

Total Foreign Buying – PhP 3.991 Billion

Total Foreign Selling – (Php 4.388) Billion

Net Foreign Buying (Selling) – (Php 0.397)  Billion – 1^st day of Net Foreign Selling after 3 days of Net Foreign Buying

 

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 04, 2016 08:09:00 PM

By Krista Angela M. Montealegre, Senor Reporter

Stocks lose steam

THE STOCK MARKET scored gains for the week even as its rally lost steam yesterday ahead of the release of the US jobs data and a meeting of China’s lawmakers who will draft an economic plan for the next five years.

The benchmark Philippine Stock Exchange index (PSEi) dropped 64.37 points or 0.92% to close at 6,899.07. The local barometer rose 1.89% for the week.

The all-shares index slid 21.61 points or 0.54% to finish at 3,986.66. The broader index registered a weekly gain of 2.07%.

“We saw a mixture of profit-taking and investors staying on the sidelines ahead of the release of the US jobs data and the convention in China,” Victor F. Felix, equity analyst at AB Capital Securities, Inc., said in a telephone interview.

Before Friday’s slump, the composite index was riding on a three-day winning streak backed by foreign inflows that pushed the stock market to positive territory for the year on Thursday. Year to date, the PSEi is back in the negative zone, with a loss of 0.76%.

“Investors cashed in gains ahead of important US jobs report and China’s meeting this weekend,” Joylin F. Telagen, equity analyst at IB Gimenez Securities, said in a mobile phone message yesterday.

Markets are awaiting cues from the US non-farm payrolls data that may influence the timing of the next interest rate hike of the Federal Reserve.

Moreover, China’s parliament — the National People’s Congress — convenes on Saturday to work on the country’s next five-year economic program.

Services fell 19.57 points or 1.37% to 1,406.16; holding firms declined 74.99 points or 1.10% to 6,767.79; property went down 25.40 points or 0.89% to 2,821.63; and industrial shed 40.87 points or 0.36% to 11,385.63.

In contrast, mining and oil shot up 228.58 points or 2.11% to 11,082.83 and financials edged up by a nearly flat 0.07 of a point or 0.005% to 1,506.40.

Value turnover eased to P6.94 billion after 1.46 billion shares changed hands, from Thursday’s P8.94 billion.

Advancers beat decliners, 90 to 83, while 42 issues were unchanged.

Foreigners moved to selling territory for the first time in four sessions, resulting in net sales of P396.28 million — a reversal of the net purchases of P850.71 million in the prior session.

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-lose-steam&id=124041

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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