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 17,  2017  Data)

Total Traded Value –  PhP  8.013  Billion – Medium

Advances Declines Ratio – (Ideal is 2:1)  98 Declines vs. 92 Advances = 1.07:1  Neutral

Total Foreign Buying – PhP 4.788  Billion

Total Foreign Selling – (PhP  4.277)  Billion

Net Foreign Buying (Selling) – PhP 0.511 Billion – 3rd day of Net Foreign Buying after a day of Net Foreign Selling

 

         

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 rallies for a second session on foreign buying

Posted on May 18, 2017

LOCAL STOCKS extended their gains for a second straight day lifted by foreign buying as investors bet on strong first quarter economic data which the government will release today.

The Philippine Stock Exchange index (PSEi) advanced 0.45% or 35.46 points to 7,826.53 yesterday. The all-shares gauge likewise climbed 0.23% or 10.86 points to reach 4,653.01 at the closing bell.

The PSEi touched a low of 7,803.09 and a high of 7,842.21 yesterday.

Investors traded 1.41 billion for a total value of P8.01 billion. Foreigners bought shares worth P4.79 billion and sold P4.28 billion, resulting in a net buying of P510.51 million.

“Market is up and foreign investors remained net buyers [yesterday]… possibly because investors are anticipating decent GDP (Gross Domestic Product) results. And release of corporate earnings has been positive so far, so these are also catalysts,” Victor F. Felix, equity analyst at AB Capital Securities, Inc., said in a phone interview.

“We’re the outlier in the region — we were insulated as most Asians were down in reaction to developments in the US, with worries moving the market and spilled over Asia,” he added, referring to concerns over a recent report that President Donald J. Trump tried to influence a Federal Bureau of Investigation’s probe into links between his close group and Russia.

Most sectoral indices ended in the positive territory yesterday except for property which fell 0.11% or 4.09 points to 3,557.80.

Meanwhile, mining and oil led the gainers after adding 0.63% or 79.37 points to 12,632.57. Industrial rose 0.46% or 51.40 points to 11,014.63 followed by holding firms which gained by 0.37% or 30.04 points to end yesterday at 7,950.53.

Services and financials also ended in the positive territory adding 0.51% or 8.33 points to 1,613.66 and 0.38% or 7.35 points to 1,927.76 respectively.

Summit Securities, Inc. President Harry G. Liu said — aside from anticipation of the GDP reading, which Socioeconomic Planning Secretary Ernesto M. Pernia earlier said would likely be 7% — the market also saw “lackluster” trading ahead of the two initial public offerings (IPO) next week.

“The market was up on technical reaction… The market is showing there is no crisis or anything negative to disrupt the momentum as good GDP has already been priced-in. It’s also just lackluster day because there is an IPO starting Monday, payment needs to be placed so the market is just going through that funding situation,” Mr. Liu added.

“So generally, it’s just parking time… the market is showing there is no negative in the picture. A good GDP will re-confirm that the trend is on-track to better improve.”

The government has set a full-year 6.5-7.5% official GDP growth target. A BusinessWorld survey of 13 economists and analysts late last week yielded a median 6.8% first-quarter growth estimate.

Advancers almost caught up with decliners 92 to 98, while 58 stocks were unchanged. — Imee Charlee C. Delavin

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-rallies-for-a-second-session-on-foreign-buying&id=145371

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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