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 25,  2017  Data)

Total Traded Value –  PhP  6.489  Billion – Low

Advances Declines Ratio – (Ideal is 2:1)  103 Advances vs. 84 Declines = 1.23:1  Neutral

Total Foreign Buying – PhP 3.303  Billion

Total Foreign Selling – (PhP  2.776)  Billion

Net Foreign Buying (Selling) – PhP 0.527 Billion –4th day of Net Foreign Buying after 2  days  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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Stocks extend winning streak on Fed hike bets

Posted on May 26, 2017

THE Philippine Stock Exchange index (PSEi) sustained its winning streak on Thursday, tracking the movement of its Asian peers, driven by both overseas and local developments.

The PSEi added 33.83 points or 0.43% to close at 7,871.65, while the broader all-shares gauge likewise ended higher by 21.90 points or 0.46% to 4,693.39 at the closing bell.

Analysts said soft inflation data out of the United States dimmed prospects of a Federal Reserve interest rate hike in the near term, while locally, government efforts to manage the situation in Mindanao drove the market higher.

“The market continued to be up and we saw a higher trading value which was able to break the initial resistance of 7,860. First, it seemed that the issue Mindanao is simmering down after the efforts of the government to quell the conflict. Second, all regionals went up, and we followed that after US inflation is still subdued and the crude oil is moving up,” Aniceto K. Pangan, equities trader at Diversified Securities, Inc., said in a phone interview yesterday.

“As inflation in the US remains subdued, the issue on whether the Fed will increase interest rate will continue to be delayed and this trickled down to the emerging markets… The current status will be maintained, and a low interest rate environment in the US is very, very friendly to emerging economies,” he added.

Justino B. Calaycay, Jr., senior research analyst at Philstocks Financial, Inc., said: “two days in after the entire Mindanao was placed under military rule, investors have remained largely unaffected.”

“Bargain-hunting may be the key factor. A couple of index heavyweights battered over the recent past have attracted attention, value-wise,” he added.

Sectoral indices were mixed. Services rose 3.25% or 52.55 points to 1,667.06 and property climbed 1.04% or 37.40 points to 3,616.25.

Meanwhile, industrials declined 0.34% or 38.57 points to 11,182.90; holding firms went down 0.17% or 14.07 points to 7,925.87; mining and oil slipped 0.09% or 12.16 points to 12,609.83; and financials lost 0.09% or 1.86 points to close at 1,933.54.

Value turnover went up to P6.49 billion yesterday from Wednesday’s P5.90 billion, with 1.06 billion shares changing hands. Thursday saw foreign investors remain net buyers with P527.54 million, up from the previous session’s P451.81 million.

Advancers also outpaced decliners yesterday, 103 to 84, while 53 names closed unchanged.

For today, Diversified Securities’ Mr. Pangan said the market will “continue to go on consolidation until it breaks the short-term high of 8,018.”

Philstocks’ Mr. Calaycay said: “We still expect the market to continue a generally sideways pattern but with a hint of upside bias.”

“Resistance is at the 7,900-7,920 range, and extensions past that line may invite profit-taking over the short term,” the analyst added. — I.C.C. Delavin with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-extend-winning-streak-on-fed-hike-bets&id=145808

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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