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 29, 2016  Data)

Total Traded Value –  PhP  12.389  Billion – Medium

Advances Declines Ratio – (Ideal is 2:1) 120 Declines vs. 58 Advances  = 2.07:1  Bearish

Total Foreign Buying – PhP 8.179  Billion

Total Foreign Selling – (PhP  9.557 Billion)

Net Foreign Buying (Selling) – (PhP  1.378)  Billion – 8th 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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Stocks to remain under pressure ahead of Fed

Posted on December 01, 2016

THE STOCK MARKET is likely to continue moving sideways as the last month of 2016 begins as investors keep their eye on overseas developments ahead of a likely rate increase in the world’s largest economy in two weeks.

The benchmark Philippine Stock Exchange index (PSEi) fell further on Tuesday to end November at 6,781.20, down 44.20 points or 0.64% from Monday’s close as investors continued to dump their shareholdings ahead of an anticipated interest rate hike by the US Federal Reserve in its Dec. 13-14 meeting.

For the month, the bellwether index was down by 623.60 points from its 7,404.80 close last Oct. 28 due to market jitters following Donald J. Trump’s surprise victory in the US presidential election last Nov. 8, strong US data that cemented views of a December rate hike, and weak earnings reports from local firms, among others.

November also saw the index erase its gains for the year, with the PSEi now in the red from its end-2015 close of 6,952.08.

Local equities’ performance is expected to remain lackluster today as trading resumes. Local financial markets were closed yesterday in observance of Bonifacio Day.

“Market will continue to trade in the sidelines awaiting for new developments. Concerns remain on the Fed rate hike by December,” Summit Securities, Inc. President Harry G. Liu said via phone.

“Investors will also just watch out for policy announcements by the new US government. As we’ve seen the past weeks, the US is still leading the pressure with the fact that interest rate is being looked upon to happen by December,” Mr. Liu added.

Lexter A. Azurin, head of research at Unicapital Securities, Inc., for his part, said local shares haven’t bottomed out yet and could still test support levels the rest of the week. “There is really that anticipation of a rate hike in the US so it’s really a concern of shifting of funds from emerging markets back to the US. For the coming days, we might see continued foreign outflow.”

“It’s still a combination of factors affecting sentiment and we think the PSEi is yet to hit its bottom soon,” he added.

Summit Securities’ Mr. Liu said the index could trade within the 6,722 to 6,850 level today, while Unicapital’s Mr. Azurin said the PSEi could test the 6,722 support and the 6,900 resistance.

Most Southeast Asian stock markets rose on Wednesday in cautious trade ahead of a meeting of the Organization of the Petroleum Exporting Countries (OPEC), with members of the producer cartel trying to thrash out an output cut to curb oversupply.

The stock markets are reacting to the fall in oil prices and the OPEC meeting that is due on Wednesday, said Harry Su, an analyst with Bahana Securities in Indonesia, adding that the group might not cut oil output.

Key members Iran and Iraq are still at loggerheads with top producer Saudi Arabia, making it hard for the OPEC to reach a deal to limit output and boost crude prices. — ICCD with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-to-remain-under-pressure-ahead-of-fed&id=137130
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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