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 2, 2016  Data)

Total Traded Value –  PhP  7.894 Billion – Low

Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 137 Declines vs. 46 Advances  = 2.98:1  Bearish

Total Foreign Buying – PhP 4.695  Billion

Total Foreign Selling – (PhP  6.167)  Billion

Net Foreign Buying (Selling) –(PhP  1.472  Billion) – 6th day of  Net Foreign Selling after 3 days 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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Shares slide further ahead of Fed, US elections

Posted on November 03, 2016

STOCKS fell on the first trading day of the month, weighed down by persisting market uncertainty due to election jitters in the US and the possible action of the Federal Reserve at the end of its closely-watched policy meeting.

The Philippine Stock Exchange index (PSEi) fell 152.40 points or 2.05% to close at 7,252.40 yesterday from 7,404.80 points on Oct. 28 or the last trading day before the long weekend.

The broader all shares index also slid 71.75 points or 1.63% to close at 4,326.83.

Analysts mostly attributed the decline to risk-off sentiment ahead of the US presidential elections next week, with the marker further dragged by expectations of rate hike hints from the Fed as it wraps up its Nov. 1-2 meeting.

“The market was sharply down because of net fund selling. It continues to be affected by uncertainty in the market with the upcoming US elections… Market is on risk-off mode. There’s also the Fed meeting, where although central bankers are unlikely to raise rates, they will hint at a rate hike in their December meeting,” AB Capital Securities analyst Victor F. Felix said by phone.

Shares were also down on worries over the impact of a Donald Trump win in the US elections on the market, as a new poll showed him leading the presidential race, Mr. Felix added.

Regina Capital’s Business Development Head Luis A. Limlingan said there was “net selling amid many development related to the US elections.”

“The gap narrowed in terms of the [US] presidential poll which sent a wave of uncertainty,” he said, adding that although “index will try to bounce back… selling pressure will continue” amid global uncertainties.

The US central bank is largely expected to keep interest rates unchanged at the close of its meeting but the market expects it will raise rates by December.

Meanwhile, a recent ABC News/Washington Post tracking poll showed Mr. Trump with a one-point advantage over Democratic bet Hillary Clinton, leading 46% to 45%.

AB Capital’s Mr. Felix added that despite the release of third-quarter earnings that will guide the market, “uncertainty and glooming sentiment will persist this week.”

“If we’re able to hold the 7,200 level, trade range will open 7,300-7,500. If we break the 7,200 resistance level, we’ll see market at 6,900-7,000 level,” he added.

Yesterday saw all sectors end in the red. Financials posted a 58.05-point loss or 3.24% to 1,733.65 to lead the drop. Property slid by 61.58 points or 1.88% to 3,205.06; services dropped 26.46 points or 1.86% to 1,391.72; industrials went down 183.44 points or 1.58% to 11,408.81; holding firms declined by 106.76 points or 1.42% to 7,372.84; and mining and oil lost 21.31 points or 0.18% to 11,376.37.

Value turnover yesterday dropped to P7.89 billion after 746.51 million shares changed hands, from the P9.09-billion worth traded on Oct. 28. There were 46 advancers, 137 decliners, while 49 names remained flat. — Imee Charlee C. Delavin

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=shares-slide-further-ahead-of-fed-us-elections&id=135796
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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