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 2, 2017  Data)

Total Traded Value –  PhP  5.646 Billion – Low

Advances Declines Ratio – (Ideal is 2:1)   111 Advances vs.  74 Declines = 1.50:1  Neutral

Total Foreign Buying – PhP 3.285  Billion

Total Foreign Selling – (PhP  3.700  Billion)

Net Foreign Buying (Selling) – (PhP  0.415)  Billion – 4th  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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PSEi rebounds on Wall Street rally, Fed comments

Posted on March 03, 2017

LOCAL EQUITIES went up on Thursday, tracking Wall Street’s overnight rally, as investors found encouragement from the less combative speech of President Donald J. Trump, coupled with hawkish commentary by Federal Reserve officials.

The bellwether Philippine Stock Exchange index edged up 0.89% or 64.24 points to close yesterday’s session at 7,234.94.

The all shares index also rose 0.72% or 31.70 points to 4,378.87.

Luis A. Limlingan, managing director at Regina Capital Development Corp., said the local market was bought heavily after US stocks rallied “as investors embraced the combination of a ‘more subdued’ President and decisively hawkish Fed commentary,”

“From the reaction on Wall Street, it was clear that Mr. Trump’s optimistic and conciliatory speech to Congress resonated strongly with voters and the market alike,” he said via text.

“In addition, the latest Beige Book indicated that the US economy continued its slow, steady advance at the beginning of the year.”

The US economy expanded at a modest-to-moderate pace from early January through mid-February, the Fed said on Wednesday, although firms were less optimistic amid some uncertainty about the Trump administration’s fiscal policies.

“Businesses were generally optimistic about the near-term outlook but to a somewhat lesser degree than in the prior report,” the US central bank said in its Beige Book survey on the economy, which was collated from anecdotal evidence provided by business contacts across the country.

The Beige Book said the job market remained tight with some districts reporting widening labor shortages. A number also said a lack of skilled workers was driving up wages.

On Tuesday, two influential Fed officials indicated a rate increase could come as soon as the next policy meeting in two weeks.

“Today’s gains sort of shows failed breakdown from the 7,200 support. So we rebounded back above 7,200 and that for me suggests investors feel like a little bargains hunting, a little bit of risk,” Victor F. Felix, equity analyst at AB Capital Securities, Inc., said over the phone on Thursday.

Financials climbed the most, rising 1.19% or 21.28 points to 1,800.08. Holding firms increased 0.97% or 71.10 points to 7,340.83; services climbed 0.97% or 13.63 points to 1,415.68; industrials went up 0.55% or 61.01 points to 11,108.39; and property moved up 0.53% or 17.36 points to 3,252.07.

Only the mining and oil sector closed in the red, dropping 0.01% or 1.35 points to 12,403.57.

Trading value totalled P5.65 billion, up from the previous day’s P5.20 billion, with 4.39 billion shares changing hands.

Gainers outnumbered losers, 111 to 74, while 53 names closed unchanged.

Foreigners continued to dump shares on Thursday, but net foreign selling declined to P415.41 million from the P812.89 million seen on Wednesday. — Janina C. Lim with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-rebounds-on-wall-street-rally-fed-comments&id=141600
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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