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 9, 2017  Data)

Total Traded Value –  PhP  9.675  Billion – Medium

Advances Declines Ratio – (Ideal is 2:1)  128 Declines vs. 83 Advances = 1.54:1  Neutral

Total Foreign Buying – PhP 4.622  Billion

Total Foreign Selling – (PhP  3.434)  Billion

Net Foreign Buying (Selling) – PhP 1.188  Billion – 6^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 retreats after briefly touching 8,000 level

Posted on May 10, 2017

STOCKS slipped on Tuesday, taking a breather from three straight sessions of gains and failing to sustain the Philippine Stock Exchange index’s (PSEi) rally past 8,000 level.

The PSEi courted 8,000 territory for the first time since April 2015 to touch 8,018.39 in intraday trading.

Still, the index ended yesterday’s session giving up those gains and lost 0.48% or 38.83 points to close at 7,923.50.

The broader all-shares index also ended in the red, falling by 0.46% or 22 points to close at 4,709.25

“Stocks were up for the past three days and we experienced some correction,” Regina Capital Development Corp. President Marita A. Limlingan said in a mobile phone message. “We, however, see the market going generally up as inflation is contained and GDP forecast is within range.”

The first quarter GDP data is due out on May 18.

Socioeconomic Planning Secretary Ernesto M. Pernia had said that the economy likely grew around 7% during the period, a pace he last week said would be sustained this second quarter.

All counters ended in the red yesterday except holding firms which saw a modest 0.01% rise or 1.05 points to end Tuesday’s session at 8,051.69.

Mining and oil led the losses dropping 1.07% or 137.97 points to 12,671.71 followed by industrial which slipped 0.91% or 105.81 points to 11,420.05.

Property stocks lost 0.74% or 26.71 points to 3,564.54.

Services fell 0.75% or 12.52 points yesterday to 1,649.79, while financials declined by 0.53% or 10.33 points to 1,929.73.

Summit Securities, Inc. President Harry G. Liu also said yesterday that the decline was due to a “technical consolidation.”

“Looks like there’s nothing in the global scene that has changed so the market just adopted a sideways behavior. We saw the same drivers — mid year reports coming out, new French President being monitored, the newly appointed BSP (Bangko Sentral ng Pilipinas) governor — but we also saw some consolidation,” Mr. Liu said in a phone interview.

“We’ll continue on this trend, setting platform for an upward trajectory. What will change the momentum is any positive development on the economic front… then we could breach the 8,000 mark and experience more volatility at that level,” he added.

Investors welcomed the appointment of central banker Nestor A. Espenilla, Jr. as the new BSP governor, replacing two-termer Amando M. Tetangco, Jr. who steps down in early July, since “market didn’t show any negative,” the analyst from Summit Securities further said.

Yesterday saw decliners trumped advancers, 128 to 83, while 42 stocks were unchanged.

Investors traded 2.55 billion issues on Tuesday valued at P9.68 billion.

Foreign funds bought more shares than they sold.

Analysts put the resistance level at 7,900 to 8,000 while the support at the 7,600 to 7,700 level. — Imee Charlee C. Delavin

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-retreats-after-briefly-touching-8000-level&id=144955

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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