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 15, 2017  Data)

Total Traded Value –  PhP  8.265  Billion – Medium

Advances Declines Ratio – (Ideal is 2:1)   133  Declines vs. 59 Advances    = 2.25:1  Bearish

Total Foreign Buying – PhP 4.470  Billion

Total Foreign Selling – (PhP  5.251  Billion)

Net Foreign Buying (Selling) – (PhP  0.781  Billion) – first day of Net Foreign Selling after a day 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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PSE index slips as markets wait for Fed statement

Posted on March 16, 2017

LOCAL EQUITIES slipped as they continued to consolidate in anticipation of an almost certain hike in interest rates by the US Federal Reserve as it ends its policy review.

The bellwether Philippine Stock Exchange index dipped 0.11% or 7.96 points to 7,253.79. The broader all shares index dropped 0.21% or 9.51 points to 4,373.82.

“One main factor is that investors are awaiting the outcome of the Fed [meeting]. Thereafter, the market will watch for other news,” Harry G. Liu, president of Summit Securities, Inc., said in a text message on Wednesday.

“In the post-meeting statement, we think the committee is likely to indicate that risks to the outlook are “balanced” (compared to “roughly balanced” previously),” Luis A. Limlingan, managing director at Regina Capital Development Corp., said in a mobile phone message.

The Fed’s policy making Federal Open Market Committee was scheduled to end a two-day review overnight, where it is widely expected to raise interest rates for the second time in three months, encouraged by strong monthly job gains and confidence that inflation is finally rising to its target.

A rate hike at the conclusion of the Fed’s latest two-day policy meeting is already baked into bond yields and financial markets overall, with investors putting the likelihood of such a move at 95%, according to CME Group’s FedWatch program.

Attention is turning instead to whether the US central bank will signal an even faster pace of monetary tightening this year than the current three rate hikes that it projected at the December policy meeting.

A rate increase on Wednesday would push the Fed’s target overnight lending rate to a range of between 0.75% and 1.00%, still low but approaching the range that the central bank has typically operated within.

Sectoral indices ended mostly lower. Mining and oil slumped 1.09% or 133.07 points to 11,996.92; property fell 0.68% or 22.34 points to 3,230.32; industrials slid 0.17% or 19.30 points to 11,036.19; and holding firms edged down by 0.13% or 9.44 points to 7,258.57.

On the other hand, services gained 0.17% or 2.59 points to 1,476.67 and financials inched up 0.04% or 0.80 point to 1,820.98.

Value turnover totaled P8.27 billion, up from the previous day’s P7.05 billion, with 1.80 billion shares changing hands.

Foreigners dumped shares anew on Wednesday, with net selling coming in at P780.52 million, a reversal from Tuesday’s net purchases worth P10.35 million.

Other Southeast Asian stock markets were likewise tepid on Wednesday as investors wait to see what cues the Fed would reveal on its monetary policy outlook.

Though recent data, particularly out of China, has fueled a rally in Asian equities since the start of the year, investors are expecting more headwinds for emerging markets due to an increasingly hawkish Fed. — with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=pse-index-slips-as-markets-wait-for-fed-statement&id=142255

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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