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 March 1, 2017  Data)

Total Traded Value –  PhP  5.202 Billion – Low

Advances Declines Ratio – (Ideal is 2:1)   95 Declines vs. 93 Advances  = 1.02:1  Neutral

Total Foreign Buying – PhP 2.783  Billion

Total Foreign Selling – (PhP  3.596  Billion)

Net Foreign Buying (Selling) – (PhP  0.813)  Billion – 3rd  day of Net Foreign Selling after 2 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

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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Stocks slide as Trump speech disappoints market

Posted on March 02, 2017

STOCKS dropped on Wednesday to open the month in the red after US President Donald J. Trump’s much-awaited speech disappointed investors following the lack of details about his economic plans, coupled with revived bets that the Federal Reserve will hike interest rates later this month.

The bellwether Philippine Stock Exchange index (PSEi) fell 0.57% or 41.39 points to close yesterday’s session at 7,170.70.

The broader all shares index also dropped 0.48% or 21.21 points to 4,347.17 points.

“Philippine stocks fell once again, this time along with US stocks, which closed with modest losses following several hawkish comments from several Fed Presidents and the Dow snapped its 12-day winning streak as the market watched President Donald Trump’s speech to a joint session of Congress,” said Luis A. Limlingan, managing director at Regina Capital Development Corp. in a mobile message yesterday.

In his speech to the US Congress Tuesday night, Mr. Trump reiterated his plan to overhaul the immigration system and provide more jobs to Americans while promising massive tax cuts and infrastructure spending but failed to provide details.

“Looks like investors have been taking money off the table in anticipation of the effects of Trump’s address,” Manuel Antonio G. Lisbona, president of PNB Securities, Inc., said in a text message.

“Many are expecting the dollar to strengthen as an effect which may push the BSP (Bangko Sentral ng Pilipinas) along with other central banks to adjust upward to protect local currency values,” he added.

Sectoral counters closed mixed. Services slumped 1.82% or 26.09 points to 1,402.05 to lead losers, followed by holding firms, which fell 0.72% or 53.08 points to 7,269.73, while property slid 0.53% or 17.22 points to 3,234.71.

Meanwhile, the mining and oil sector posted the biggest increase, climbing 1.61% or 197.18 points to 12,404.92. Industrials rose 0.30% to 33.13 points to 11,047.38, and financials inched up by 0.01% or 0.30 point to 1,778.80.

Trading volume tumbled to P5.20 billion from the P7.10 billion recorded the other day, with 956.43 million shares changing hands. Losers outnumbered gainers at 95 to 93, while 46 names closed unchanged.

Foreigners continued to dump their shareholdings, with net foreign selling growing to P812.89 million from the P771.07-million net outflow posted last Tuesday.

Most Southeast Asian stock markets were also subdued on Wednesday on disappointment after Mr. Trump offered few details on his plans for infrastructure spending and tax reforms, and as Fed policy makers fanned expectations of a rate hike this month.

New York Fed President William Dudley said the case for tightening monetary policy “has become a lot more compelling,” while San Francisco Fed President John Williams said a rate increase was very much on the table for serious consideration at the March meeting given full employment and accelerating inflation. — Janina C. Lim with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-declines-further-as-investors-look-to-trump&id=141425
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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