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 4, 2017  Data)

Total Traded Value –  PhP  7.523  Billion – Low

Advances Declines Ratio – (Ideal is 2:1)  116 Advances vs. 80 Declines = 1.45:1  Neutral

Total Foreign Buying – PhP 3.437  Billion

Total Foreign Selling – (PhP  3.415)  Billion

Net Foreign Buying (Selling) – PhP 0.220  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 logs fresh high as Fed keeps rates steady

Posted on May 05, 2017

STOCKS climbed anew on Thursday to a near eight-month high as markets cheered the US Federal Reserve’s decision to maintain rates, even as it hinted on more hikes in the future.

 

The 30-member Philippine Stock Exchange index (PSEi) climbed 0.96% or 73.49 points to close at 7,755.75.

Thursday’s closing level is the bellwether’s best showing for this year and is also its highest finish in nearly eight months or since it closed at 7,762.35 last Sept. 22, 2016.

The all shares index likewise went up 0.71% or 32.98 points to 4,636.10.

“The market was up because of the decision of the Fed to maintain rates and to gradually increase it, which favors emerging markets. When there are low rates, the emerging markets could expand their business at low debt rates,” Diversified Securities, Inc. equities trader Aniceto K. Pangan said in a phone interview.

The Fed kept interest rates unchanged on Wednesday and downplayed weak first-quarter economic growth while emphasizing the strength of the labor market, in a sign it was still on track for two more rate rises this year.

“The Federal Reserve held interest rates unchanged and downplayed weak Q1 economic growth,” Regina Capital Development Corp. Luis A. Limlingan said.

Sectoral counters closed in positive territory except for the mining and oil sub-index, which declined 0.26% or 33.44 to close at 12,739.38 as investors pocketed gains after its rally the day prior. Regina Capital’s Mr. Limlingan said the sector would need more clarity and guidance ahead of the appointment of a new Environment department chief.

Philippine lawmakers ended a 10-month crusade by Environment Secretary Regina Paz L. Lopez on Wednesday, forcing out the eco-warrior whose mining crackdown was backed by the president but led to demands of her removal by miners.

“Until then, it will still be volatile with all the speculation, albeit less than the last few days or weeks…,” Mr. Limlingan said.

Meanwhile, the services sector gained 1.45% or 23.30 points to 1,620.04; property rose 1.21% or 41.06 points to 3,414.21; holding firms rose 0.96% or 75.52 points to 7,892.87; financials climbed 0.74% or 14.10 points to 1,907.16; and industrials went up 0.42% or 48.04 points to 11,421.36.

Advancers outpaced decliners, 116 to 80, while 47 names were unchanged.

Value turnover increased to P7.52 billion yesterday from the previous session’s P6.41 billion, with 4.77 billion issues changing hands.

Net foreign buying, however, thinned to P21.98 million from Wednesday’s net purchases worth P161.09 million.

“Resistance right now is at 7,781, while support is 7,721,” Diversified Securities’ Mr. Pangan said.

Other markets in the region were largely steady following the Fed’s decision to leave rates unchanged. — A.B. Francia with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-logs-fresh-high-as-fed-keeps-rates-steady&id=144748

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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