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. 7, 2016  Data)

Total Traded Value –  PhP7.002 Billion –  Low

Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 114 Advances vs. 69 Declines  = 1.65:1  Neutral

Total Foreign Buying – PhP 4.245 Billion

Total Foreign Selling – (Php 3.980) Billion

Net Foreign Buying (Selling) – Php 0.265 Billion – 1^st 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 07, 2016 08:21:00 PM

By Krista A. M. Montealegre, Senior Reporter

Equities slip as investors pocket gains from rally

STOCKS barely moved yesterday, with the bellwether Philippine Stock Exchange index (PSEi) sliding into negative territory once again, as investors booked profits after scoring solid gains last week.

The benchmark PSEi slipped 6.38 points or 0.09% to close at 6,892.69, near the session’s low. The local barometer was up by as much as 0.82% in early trade.

The all-shares index added 8.58 points or 0.21% to end at 3,995.24.

“Two things are evident in today’s market — there is enough risk-taking to support the market when it falls, but a still rather uncertain future leads the same to click on the sell button at significant price advances,” Justino B. Calaycay, Jr., head of marketing and research at A&A Securities, Inc., said in a report on Monday.

Weighing on the PSEi was index heavyweight Philippine Long Distance Telephone Co. (PLDT), which lost 3.73% to close at P1,730 each yesterday. The dominant telco mapped out a three-year recovery plan to complete its transformation to a primarily digital business after its 2015 earnings fell by an annual 35%.

“The biggest downer was PLDT. It is still being hit. Basically, it’s the same story: the disappointing earnings and the lower net income guidance,” Anton G. Alfonso, research analyst at RCBC Securities, Inc., said in a phone interview.

Asian markets were mostly higher, bolstered by an upbeat US jobs data and an uptick in oil prices.

“It’s profit taking mixed with people staying on the sidelines, waiting for the market to go lower,” Victor F. Felix, equity analyst at AB Capital Securities, Inc., said in a telephone interview. The PSEi gained 1.89% last week.

Local counters finished mixed. Services fell 19.72 points or 1.40% to 1,386.44 and holding firms dropped 35.01 points or 0.51% to 6,732.78.

In contrast, financials climbed 11.84 points or 0.78% to 1,518.24; property advanced 21.10 points or 0.74% to 2,842.73; industrial went up 67.23 points or 0.59% to 11,452.86; and mining and oil gained 33.07 points or 0.29% to 11,115.90.

Value turnover accelerated to P7 billion after 1.47 billion shares changed hands, from Friday’s P6.94 billion.

Advancers led decliners, 114 to 69, while 39 issues were unchanged. Foreigners returned to buying territory with net purchases of P265.45 million — a turnaround from the net selling of P396.28 million in the prior session.

“What Monday’s trades showed is that reaching back into the 7,000-level is a strong possibility — the market just needs either of two things or both: a dissipation of the external headwinds and/or stronger domestic numbers investors can focus on,” A&A Securities’ Mr. Calaycay said.
Source: http://www.bworldonline.com/content.php?section=StockMarket&title=equities-slip-as-investors-pocket-gains-from-rally&id=124140

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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