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 2, 2017  Data)

Total Traded Value –  PhP  7.248  Billion – Low

Advances Declines Ratio – (Ideal is 2:1)  119 Advances vs. 84 Declines = 1.42:1  Neutral

Total Foreign Buying – PhP 4.354  Billion

Total Foreign Selling – (PhP  4.021)  Billion

Net Foreign Buying (Selling) – PhP 0.333 Billion – first 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 closes above 7,700 ahead of Fed, US data

Posted on May 03, 2017

LOCAL SHARES started the month in the green yesterday ahead of key data to be released this week and the US Federal Reserve’s policy review, and amid positive feedback from the country’s hosting of the 30th Association of Southeast Asian Nations (ASEAN) Summit.

The bellwether Philippine Stock Exchange index (PSEi) rose 42.09 points or 0.54% to end Tuesday’s trading at 7,703.10 from its 7,661.01 close on Thursday.

The all-shares index also rose 25.37 points or 0.55% to 4,604.57.

“Philippine markets started the month of May on a high note as investors are gearing up for key economic events this week,” Luis A. Limlingan, business development head at Regina Capital Development Corp., said yesterday.

Mr. Limlingan said key US data will be released this week, including the employment report due out on Friday.

“The May FOMC (Federal Open Market Committee) statement will be released on Wednesday. In addition, there are several scheduled speaking engagements by Fed officials this week,” he added. On the local front, April inflation data will be released this Friday.

Justino B. Calaycay, Jr., head of marketing and research at A&A Securities, Inc., for his part, said “optimism is greatly helped by the absence of bad news and the sustained positive outlook for the domestic economy.”

“It is really looking good for the market as it forays back into the 7,700 line, keeps year-to-date gains above 10% and manages to keep the bears at bay. As more earnings numbers are reported, the market will have enough to hinge optimism on,” he said in a market report yesterday. “The successful staging of the ASEAN Summit, punctuated by US President Donald [J.] Trump’s call on President [Rodrigo R.] Duterte who currently holds for the Philippines the rotating chairmanship, lent some stability and hints at a possible thawing of US-PH relationship which lately has sailed over rocky seas — or maybe not.”

All sectoral counters ended in positive territory on Tuesday save for services which dropped 8.42 points or 0.52% to 1,606.88.

Leading the gainers was the mining and oil counter, which rose 363.08 points or 3% to 12,433.80. Industrials also added 92.59 points or 0.81% to 11,400.18; property went up 47.57 points or 1.43% to 3,373.82; financials climbed 10.26 points or 0.54% to 1,897.36; and holding firms rose 24.81 points or 0.31% to 7,838.81.

Foreign funds bought more shares than they sold on Tuesday, resulting in net purchases worth P333.12 million, a reversal of Thursday’s net sales of P145.97 million.

Advancers beat decliners yesterday 119 to 84, while 39 issues were unchanged.

Value turnover reached P7.25 billion as 3.11 million shares changed hands, rising from the previous session’s P5.76 billion.

“We can expect the PSEi to further test succeeding resistance lines — 7,750 to 7,770 — as it moves to bring the benchmark to positive territory under the Duterte leadership,” Mr. Calaycay said. — I.C.C. Delavin

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-closes-above-7700-ahead-of-fed-us-data&id=144600

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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