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 May 11, 2018 Data)

Total Traded Value – PhP 5.689 Billion – Low
Advances Declines – (Ideal is 2:1) 116  Advances vs. 80 Declines = 1.45:1 Neutral
Total Foreign Buying  PhP 3.277 Billion
Total Foreign Selling – (PhP 2.706) Billion
Net Foreign Buying (Selling)  PhP 0.571  Billion – first day of Net Foreign Buying after 4 days of Net Foreign Selling

Data from the Philippine Stock Exchange

Screenshot courtesy of PSE.com.ph

PSE HEAT MAP

Screenshot courtesy of PSEGET

Top Ten Foreign Buying and Selling

Top Ten in Total Traded Value

Top Ten Gainers and Losers

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 to climb as investors go bargain hunting

May 15, 2018 | 12:01 am

STOCKS are seen to rise in the week ahead as investors look for bargains amid the shortened trading week.

The bellwether Philippine Stock Exchange index (PSEi) firmed up 2.39% or 181.11 points to close at 7,752.11 last Friday, marking a 2.73% increase on a weekly basis.

Analysts pointed to the Bangko Sentral ng Pilipinas’ interest rate hike last Thursday for causing the sudden jump in the index, signaling that monetary policy is in check amid rising inflation and robust economic growth.

With local financial markets closed on Monday for the Barangay and Sangguniang Kabataan elections, Eagle Equities, Inc. Research Head Christopher John Mangun still sees optimism being extended this week.

“We are seeing a lot of optimism as the index refuses to break below this 7,500 support level. My biggest concern, however, is still the lack of sellers which allowed buyers to push prices up on very little volume. If we continue to see buying pressure next week, then we may see the index test its next resistance at 7,830,” Mr. Mangun said in a weekly market report.

Papa Securities Corp. Trader Gabriel F. Perez noted that the low trading volume last week — which averaged at only P5.8 billion — indicates that investors are still waiting on the sidelines.

“We could observe from the PSEi’s relatively low value turnover of only P5.7 billion (versus 20-day moving average of P6.5 billion) how some are still waiting on the sidelines for MSCI’s rebalancing announcement… We should look forward to this more so that trading resumes on Tuesday,” Mr. Perez said in an e-mail.

The MSCI index, or Morgan Stanley Capital International index, was set to announce which stocks will be retained, added, or dropped from its list on Monday.

Meanwhile, online brokerage 2TradeAsia.com said companies with a weighted average of around 60% of the PSEi reported better-than-expected first-quarter results, including SM Investments Corp.; SM Prime Holdings, Inc.; Ayala Land, Inc.; PLDT, Inc.; San Miguel Corp.; and Robinsons Land Corp. among others.

“The possibility for performances to be sustained for the remainder of the year appears solid, based on review of their collective capex plan,” 2TradeAsia.com said in a weekly market note.

However, risks such as the implementation of the second phase of the tax reform program and the volatility of the peso prevail.
“It would be fitting to check recurring results, including efforts to sustain EBITDA margins by keeping a lid on costs. Higher earnings translate to capital appreciation, on top of cash dividends,” the online brokerage said.

Eagle Equities’ Mr. Mangun placed the market’s support at 7,625 to as low as 7,500, while resistance could reach 7,900 or 7,830 for the week.

Among other Southeast Asian stock markets, Indonesia fell as much as 1.7% on concerns about continued capital outflows. Singapore shares slipped 0.30%, dragged by financials and telecoms. — Arra B. Francia with Reuters

Source: http://bworldonline.com/stocks-to-climb-as-investors-go-bargain-hunting/

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In line with our VISION, A RESPONSIBLE IN EVERY FILIPINOS HOME, 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/. For those interested in the hard copy, please send email to: ninjatrader919@gmail.com Subject: The Responsible Trader – Hard Copy.

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.

The book can also be ordered online through our publisher, Central Book Supply. Just go to: http://central.com.ph/bookstoreplus then click Search – The Responsible Trader.

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.

Starting with August 11, 2017 data we are including the Top Ten Gainers and Losers for a more comprehensive coverage of significant stock movements during the day.