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 16,  2017  Data)

Total Traded Value –  PhP  7.923  Billion – Low
Advances Declines – (Ideal is 2:1)   122 Declines  vs. 74 Advances = 1.65:1  Neutral
Total Foreign Buying – PhP 3.419  Billion
Total Foreign Selling – (PhP 4.518)  Billion
Net Foreign Buying (Selling) – (PhP 1.099)  Billion – 2nd 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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PSEi drops further to track Wall Street on selling

November 17, 2017

STOCKS declined for a second consecutive day due to Wall Street losses and selling among investors.
The Philippine Stock Exchange index (PSEi) closed at 8,206.44, down 67 points or 0.81%.

The all-shares index closed at 4,834.68, dropping 29.47 points or 0.6%.

“Philippine markets reversed from the red after better-than- expected GDP (gross domestic product) growth helped keep the market however it was not enough. This was because US stocks dropped last night as falling oil prices and worries over the progress of a US tax overhaul left investors increasingly averse to putting more money into assets perceived as risky, including equities. European stocks dropped for 7th straight day to suffer longest losing streak in a year,” Luis A. Limlingan, managing director at Regina Capital Development Corp., said in a text message on Thursday.

The Philippine economy grew by 6.9%, data released yesterday showed, above the estimates of analysts. Economists interviewed by BusinessWorld had an average estimate of 6.6%.

The third-quarter GDP growth print is also higher than the 6.7% logged last quarter, but lower than the 7.1% recorded during the same period last year.

Meanwhile, US stocks fell on Wednesday as energy sector shares dropped for a fourth straight session, tracking crude prices, while a late run-up was thwarted by concerns over the passage of a tax revamp after Republican senators were critical of the proposal.

The S&P 500 ended the day down 0.55% at 2,564.62. The Dow Jones Industrial Average fell 138.19 points or 0.59% to close at 23,271.28 and the Nasdaq Composite dropped 31.66 points or 0.47% to 6,706.21.

“The bearish move of two thirds of the index stocks [yesterday] was a sell on news event after our GDP data disclosure surpassed estimates. While this may sound a bit odd, we have to consider that our index remains one of the most expensive markets in Southeast Asia prompting investors to sell more than P3.5 billion worth of shares for the past few days,” Jervis S. de Celis, equities trader at Timson Securities, Inc., said in a text message.
Among the sectoral indices, only financials gained, closing at 2,060.35, up by 11.77 points or 0.57%. Holding firms led losing counters, dropping 142.02 points or 1.67% to close at 8,325.73. Services went down 9.72 points or 0.58% to 1,643.08; property declined by 19.61 points or 0.51% to 3,811.71; industrials lost 40.30 points or 0.36% to end at 10,962.67; and mining and oil gave up 22.14 points or 0.18% to close at 12,226.78.

Value turnover stood at P7.92 billion, up from Wednesday’s P5.91 billion, with 807.28 million shares changing hands.

Decliners outnumbered advancers, 122 to 74, while 38 names closed unchanged.

Net foreign selling climbed to P1.1 billion from the previous session’s P649.54 million. — Patrizia Paola C. Marcelo with Reuters

Source: http://bworldonline.com/psei-drops-track-wall-street-selling/

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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.