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 8, 2017  Data)

Total Traded Value –  PhP  9.438  Billion – Medium

Advances Declines Ratio – (Ideal is 2:1)  116 Advances vs. 81 Declines = 1.43:1  Neutral

Total Foreign Buying – PhP 4.500  Billion

Total Foreign Selling – (PhP  3.818)  Billion

Net Foreign Buying (Selling) – PhP 0.682  Billion – 5^th 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 hits 8-month peak on Macron, GDP bets

By Imee Charlee C. Delavin,
Senior Reporter

Posted on May 09, 2017

PHILIPPINE STOCKS soared yesterday to lift the benchmark index to its highest in eight months amid general optimism on the Philippine economy and favorable results of the French presidential polls.

The bellwether Philippine Stock Exchange index (PSEi) surged 120.34 points or 1.53% to end Monday’s trading at 7,962.33, its highest finish since settling at 7,981.21 on Aug. 22, 2016 and ending at 8,127.48 on April 10, 2015.

The wider all-shares index climbed 57.85 points or 1.23% to 4,731.25, extending its rally from the 4,673.40 last week.

“The market is basically heading towards the positive sentiment. Economic numbers seem to be improving and there are no changes on the fundamental side. There’s a positive outlook in general and the market also welcomed the outcome of the French election,” Summit Securities, Inc. President Harry G. Liu said via phone interview yesterday.

“Locally, the economic managers continue create a good economic environment and there’s nothing to alter that positive sentiment.”

Unicapital Securities, Inc. Head of Research Lexter L. Azurin said the rally was driven by the French election result, improved global economic outlook and anticipation of good first quarter Philippine gross domestic product (GDP) numbers.

“The market rallied to new highs on the back of the French election with Macron seen as pro-business and anticipation of favorable GDP figures. First quarter earnings reports of local companies also came in-line with expectations with others beating estimates,” Mr. Azurin said via phone.

“Investors are also looking forward to the first quarter GDP numbers as most of them are betting on good numbers with initial statements from government coming in optimistic,” he added.

The first quarter GDP data is due out on May 18, with Socioeconomic Planning Secretary Ernesto M. Pernia saying that the economy likely grew around 7% during the period, a pace he said would be sustained this second quarter.

The French election on Sunday was keenly watched as it will determine whether Emmanuel Macron, a pro-European Union centrist, or Marine Le Pen, a far-rightist known for her anti-EU stance, will lead the euro zone’s second largest economy.

All counters saw gains yesterday with property leading the gains surging 103.69 points or 2.97% to 3,591.25, followed by services which rose 29.80 points or 1.82% to 1,662.31. Mining and oil also climbed 198.70 points or 1.57% to 12,809.68; holding firms up 95.15 points or 1.19% to 8,050.64; financials up 13.11 points or 0.68% to 1,940.06 and industrials which saw an increase of 41.19 points or 0.35% to close at 11,525.86 on Monday.

The market witnessed 116 stocks advance versus the 81 that declined and 42 that remained unchanged.

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-hits-8-month-peak-on-macron-gdp-bets&id=144883

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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