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 November 14, 2016  Data)

Total Traded Value –  PhP  7.341 Billion – Low

Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 140 Declines vs. 48 Advances = 2.92:1  Bearish

Total Foreign Buying – PhP 2.989  Billion

Total Foreign Selling – (PhP  4.681 Billion)

Net Foreign Buying (Selling) – (PhP  1.692  Billion) – 4th day of Net Foreign Selling after a  day of  Net Foreign Buying

  

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 wipes out 2016’s gains as selling continues

Posted on November 15, 2016

THE MAIN INDEX erased all its gains for the year thus far, starting the week in the red as foreign investors continued to dump shares amid persisting global uncertainties and as weak earnings from local corporates further dragged market sentiment.

The Philippine Stock Exchange index (PSEi) plunged by 103.61 points or 1.48% to settle at 6,871.48 on Monday, completely wiping out all its gains from its end-2015 close of 6,952.08 points. The all-shares index also dropped 49.29 points or 1.16% to 4,170.92.

Luis A. Limlingan, business development head at Regina Capital Development Corp., said the decline “was mainly caused by strong selling pressure from foreign investors” continuing last week’s downward trend.

“Investors accelerated outflows and local investors were unable to support the market… it’s a continuation of the sell-off momentum last week [and] on increased expectations that the US Federal Reserve would raise rates next month,” Mr. Limlingan said in a phone interview.

“Shares fell due to the same sentiment from last week were investors were caught off guard by the result of the US elections,” Victor F. Felix, equity analyst at AB Capital Securities, Inc., said by phone.

“Earnings also came weaker than expected, particularly PLDT, Inc.,” he added. Net profit of the telecommunications giant was down 49% in the third quarter to P3.402 billion. Its consolidated net income for the fist nine months also went down to P15.9 billion from last year’s P25.355 billion.

Foreigners continued to dump their shareholdings, as net selling reached P1.691 billion, although less than Friday’s P2.47 billion.

All sub-indices ended lower on Monday, with services leading the bloodbath with a 38.18-point or 2.82% decline to 1,311.22. Property was down by 58.40 points or 1.9% to 3,004.66; financials by 24.11 points or 1.39% to 1,700.18; holding firms by 70.68 points or 1% to 6,986.60; industrials by 108.29 points or 0.97% to 11,059.94; and mining and oil by 50.31 points or 0.42% to 11,677.48.

Value turnover decreased to P7.34 billion from Friday’s P9.48 billion after 986.46 million shares changed hands. Decliners beat advancers, 140 to 48, while 39 issues were unchanged.

For today, both analysts said the stock market might see continued cautious trading.

“I think we might see a continuous sell-off as investors track overseas developments and await the Philippine Q3 GDP (gross domestic product) numbers. We might see 6,800 as the support and 7,000 on the resistance but more on the downside,” AB Capital’s Mr. Felix said.

For Regina Capital’s Mr. Limlingan, the PSEi could trade within the 6,700-6,900 range and “retest the 6,850 support.”

Official GDP data will be released on Thursday by the Philippine Statistics Authority.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a stake in BusinessWorld through the Philippine Star Group, which it controls. — Imee Charlee C. Delavin

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-wipes-out-2016&8217s-gains-as-selling-continues&id=136341
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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/

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 P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion