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 31,  2017  Data)

Total Traded Value –  PhP  17.119  Billion –  High
Advances Declines Ratio – (Ideal is 2:1)  107 Declines vs. 99 Advances = 1.08:1  Neutral
Total Foreign Buying – PhP 12.700  Billion
Total Foreign Selling – (PhP  12.128)  Billion
Net Foreign Buying (Selling) – PhP 0.572 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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Stocks drop as investors await vote on tax reform

By Krista A.M. Montealegre,
National Correspondent

Posted on June 01, 2017

STOCKS tumbled on Wednesday as investors refrained from making big moves amid uncertainties over the Philippine government’s comprehensive tax reform program and elections in the United Kingdom.

The bellwether Philippine Stock Exchange index (PSEi) slid 23.65 points or 0.30% to finish at 7,837.12 yesterday. The broader all-shares index also gave up 5.28 points or 0.11% to end at 4,685.50.

“There were investors who took to the sidelines in anticipation of the effects of the tax reform package if the vote is to implement,” PNB Securities President Manuel Antonio G. Lisbona said in a mobile phone message.

The economic managers have aired concern over the water-down version of the first of four tax reform packages that still awaits plenary approval in both chambers of Congress. The first regular session of the current 17th Congress formally ends on Friday.

“Investors in Asia might be cautious ahead of the UK elections. Investors are also waiting for the jobs data on Friday because that may be the final nail on the coffin for a rate hike,” Victor F. Felix, equity analyst at AB Capital Securities, Inc., said in a telephone interview.

A YouGov poll showed UK Prime Minister Theresa May’s Conservative Party could lose control of parliament in a general election on June 8 ahead of the formal start of “Brexit” negotiations.

The US Federal Reserve raised interest rates in March and have signaled two more rate increases this year. Investors widely anticipate the next rate hike to come in June.

Most subindices closed in negative territory. Services went down by 11.25 points or 0.66% to 1,674.89; property lost 12.38 points or 0.33% to 3,647.77; holding firms dropped 14 points or 0.17% to 7,825.61; industrials slipped 11.02 points or 0.10% to 11,061.28; and mining and oil dipped 8.70 points or 0.07% to 12,474.02.

Financials was the lone counter in the green, squeezing out a gain of 2.45 points or 0.12% to 1,939.77.

Value turnover doubled to P17.12 billion after 1.85 billion shares changed hands, from P7.39 billion on Tuesday, due to “window dressing in light of MSCI rebalancing,” AB Capital’s Mr. Felix said.

Decliners beat advancers, 107 to 99, while 39 issues were unchanged.

Foreigners retained their net buying position despite the stock market’s weakness at P572.40 million, barely moving from the previous session’s P572.08 million.

The PSEi is expected to move sideways in the short term with a downward bias, leading to a retest of the 7,750 support level, AB Capital’s Mr. Felix said.

“We’re trading at 7,800 and some people are thinking it’s ‘sell in May and go away’ so that’s the really the theme this week,” Miko A. Sayo, trader at AP Securties, Inc., said in a separate interview.

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-drop-as-investors-await-vote-on-tax-reform&id=146071

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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