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 23, 2017  Data)

Total Traded Value –  PhP  5.584  Billion – Low

Advances Declines Ratio – (Ideal is 2:1)   94 Advances vs. 83  Declines = 1.13:1  Neutral

Total Foreign Buying – PhP 3.060  Billion

Total Foreign Selling – (PhP  3.446  Billion)

Net Foreign Buying (Selling) – (PhP  0.386  Billion) – 2nd 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:

==================================================

PHL stocks rise on bargain hunting ahead of BSP

Posted on March 24, 2017

STOCKS saw an uptick on Thursday on bargain hunting and ahead of the Bangko Sentral ng Pilipinas’ (BSP) decision to keep monetary policy settings steady

The bellwether Philippine Stock Exchange index (PSEi) rose 0.63% or 46.10 points to 7,301.03.

The broader all shares index went up 0.40% or 17.64 points to 4,386.67.

“It looks like the market is positioning ahead of the BSP’s widely expected decision to keep rates steady for the meantime,” Manuel Antonio G. Lisbona, president of PNB Securities, Inc., said in a text message yesterday.

After the stock market closed, the central bank, at the conclusion of its policy review, announced it kept interest rates steady at 3% for its overnight reverse repurchase facility. The corresponding interest rates on the overnight lending and deposit facilities were also unchanged. It likewise left reserve requirement ratios untouched.

The BSP said its decision is based on its assessment that the outlook for inflation remains manageable, consistent with favorable growth prospects.

Mr. Lisbona said investors should be on the watch for global oil prices and its effect on local inflation for clues which may influence the Philippine central bank’s decision in its next policy meeting.

“Our market is also factoring that the BSP will maintain its rates when the decision comes out later today with some hints as to when it may actually raise later in the year if ever,” Luis A. Limlingan, managing director of Regina Capital Development Corp., said in a text message on Thursday.

Mr. Limlingan added that local companies recovered faster than regional markets even as US stocks “bounced” back from their worst loss in five months amid opportunistic but cautious bargain hunting.

Subindices ended mixed on Thursday. Holding firms went up 1.49% or 108.50 points to 7,377.76; services climbed 1.03% or 15.20 points to 1,490.61; and mining and oil rose 0.62% or 73.69 points to 11,945.70.

Meanwhile, property went down 0.32% or 10.43 points to 3,217.01; financials slid 0.11% or 2.12 points or 1,830.52; and industrial inched down 0.09% or 10 points to 10,962.52.

Advancers beat losers, 94 to 83, while 58 issues were unchanged.

Value turnover stood at P5.58 billion, lower than the previous day’s P7.73 billion, as 1.07 billion shares changed hands.

Net foreign selling declined to P386.06 million yesterday from Wednesday’s P958.84-million net outflow.

PNB’s Mr. Lisbona said the PSEi is still range-bound between 7,150 and 7,350.

Southeast Asian stock markets rose in line with Asian peers on Thursday, reversing the previous session’s losses on cues from Wall Street which ended mixed overnight with an upside bias.

The Nasdaq gained 0.48% and the S&P 500 closed 0.19% higher, while the Dow Jones Industrial Average was flat, after all three touched their lowest in about five weeks earlier in the session. — J.C. Lim with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=phl-stocks-rise-on-bargain-hunting-ahead-of-bsp&id=142703

==================================================

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)

===================================================

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