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 15,  2017  Data)

Total Traded Value –  PhP  5.906  Billion – Low
Advances Declines – (Ideal is 2:1)   109 Declines  vs. 76 Advances = 1.43:1  Neutral
Total Foreign Buying – PhP 2.809  Billion
Total Foreign Selling – (PhP 3.458)  Billion
Net Foreign Buying (Selling) – (PhP 0.649)  Billion – first day of Net Foreign Selling after 1 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

Top Ten Gainers and Losers

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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Shares decline on profit taking ahead of GDP

November 16, 2017

STOCKS plunged yesterday, as investors were taking profits ahead of the release of third-quarter gross domestic product (GDP) today and due to lower remittance figures for September.

The Philippines Stock Exchange index (PSEi) closed at 8,273.44 on Wednesday, down 106.20 points or 1.26%.
The all-shares index ended at 4,864.15, dropping 49.76 points or 1.01%.

“The index fell today after twenty-three out of the thirty blue-chip stocks ended in a bearish tone today with JGS (JG Summit Holdings, Inc.), SM (SM Investments Corp.), SMPH (SM Prime Holdings, Inc.), BPI (Bank of the Philippine Islands) and BDO (BDO Unibank, Inc.) leading the local bourse down. This selloff is mainly a result of profit taking ahead of the GDP release date on Thursday as well as the negative investor sentiment in the commodities market that rippled across Asian and European equities which triggered foreign investors to sell 649 million worth of shares in our market today,” Jervin S. de Celis, equities trader at Timson Securities, Inc., said in a text message on Wednesday.

The government will release GDP data for the third quarter today. Analysts expect the country’s overall economic growth to have stayed above 6% last quarter on the back of strong domestic demand and recovering merchandise exports, results of a BusinessWorld poll showed.

A poll of 11 economists and analysts late last week yielded a median GDP growth estimate of 6.6% for the third quarter, edging up from the second quarter’s 6.5% and January-March’s 6.4%, but slower than the 7.1% recorded a year ago.

Luis A. Limlingan, managing director at Regina Capital Development Corp., said investors were disappointed by the latest remittance figures.

“Philippine shares were sold down as investors were disappointed by the rather steep drop in the latest remittance figures of a little over -8% in September,” Mr. Limlingan said in a text message.

Money sent home by overseas Filipino workers totaled $2.186 billion for the month, dropping 8.3% from the $2.383 billion posted a year ago and the $2.499 billion that flew in August, the Bangko Sentral ng Pilipinas reported yesterday.

The amount is the lowest since the $2.083-billion remittances tallied in April, and is the steepest fall in over a decade or since a 10.9% drop in April 2003.

All sectors closed in the red. Mining and oil dropped 264.91 points or 2.11% to close at 12,248.92; holding firms went down 128.21 points or 1.49% to 8,467.75; property declined 49.10 points or 1.26% to 3,831.32; financials lost 19.74 points or 0.95% to end at 2,048.58; industrials gave up 91.16 points or 0.82% to finish at 11,002.97; and services slipped by 6.22 points or 0.37% to 1,652.80.

Value turnover dropped to P5.91 billion from Tuesday’s P8.88 billion, with 1.42 billion shares changing hands.
Decliners beat advancers, 109 to 76, while 53 names were flat.

Net foreign selling was recorded at P649.54 million, a reversal of Tuesday’s net purchases worth P55.46 million. — PPCM

Source: http://bworldonline.com/shares-decline-profit-taking-ahead-gdp/

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In line with our VISION, A RESPONSIBLE IN EVERY FILIPINOS HOME, 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/. For those interested in the hard copy, please send email to: ninjatrader919@gmail.com Subject: The Responsible Trader – Hard Copy.

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.

The book continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:

The book can also be ordered online through our publisher, Central Book Supply. Just go to: http://central.com.ph/bookstoreplus then click Search – The Responsible Trader.

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.

Starting with August 11, 2017 data we are including the Top Ten Gainers and Losers for a more comprehensive coverage of significant stock movements during the day.