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 3, 2016  Data)

Total Traded Value –  PhP  10.145 Billion – Medium

Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 127 Declines vs. 62  Advances  = 2.05:1  Bearish

Total Foreign Buying – PhP 5.267  Billion

Total Foreign Selling – (PhP  7.143)  Billion

Net Foreign Buying (Selling) –(PhP  1.876  Billion) – 7th 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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PSEi drops to 7,100 level on earnings, Fed hints

Posted on November 04, 2016

LOCAL shares continued to slump yesterday as rate hike hints from the US Federal Reserve and weak earnings from Philippine corporates dampened market sentiment.

The benchmark Philippine Stock Exchange index (PSEi) pulled back by 91.49 points or 1.26% to close at 7,160.91 from 7,252.40 previously.

The broader all shares index also slid 39.06 points or 0.90% to close at 4,287.77.

Unicapital Securities, Inc. Assistant Vice-President and Head of Research Lexter L. Azurin said the nine-day consecutive decline was attributable to the market’s assessment of third-quarter corporate earnings.

“Stocks today were mainly affected by external and local concerns. Corporate earnings coming out are lower and there were hints of rising interest rate in December so we’re seeing continued sell-off,” he said in a phone interview on Thursday, referring to the Fed’s hints on an upcoming interest rate hike at the close of its Nov. 1-2 policy meeting.

Regina Capital Development Corp. Business Development Head Luis A. Limlingan said sentiment soured after the US market continued its drop on worse than expected employment data, while political concerns linger and Fed holds back rate hikes.

“The Federal Reserve, as expected, held interest rates unchanged at 0.25%-0.50% but signaled an increase in December is a possibility. Much of the focus from the Fed statement fell upon one sentence that was slightly changed from September,” he said.

The drop in oil prices also weighed down local stocks, he said. “November WTI (West Texas Intermediate) crude continued to slide $1.17, or 2.5%, to $45.50 a barrel after weekly inventory data revealed the largest build in 34 years of data. The US Energy Information Administration said crude-oil stockpiles leapt 14.4 million barrels in the week ended Oct. 28.”

On the local front, “the PSEi’s breakdown below 200-day moving average (7,390) and one-month support of 7,310 shattered hopes of establishing a double bottom reversal pattern,” Mr. Limlingan said.

“Also, this signals the continuation of the index’s downtrend pattern that started when a second reaction low (bearish) was formed during early October.”

All subindices remained in the red. Services led the bloodbath as it declined by 28.82 points or 2.07% to 1,362.90. The property sector dropped 64.44 points or 2.01% to 3,140.62; holding firms went down by 77.77 points or 1.06% to 7,295.07; mining and oil gave up 86.88 points or 0.76% to 11,289.71; industrials lost 80.76 points or 0.70% to 11,328.05; and financials slipped by 3.66 points or 0.21% to 1,729.99.

Value turnover was at P10.14 billion after 904.73 million shares changed hands, higher than Wednesday’s P7.89 billion.

Decliners edged out advancers, 127 to 62, while 43 issues were unchanged. Foreigners continue to be net sellers with outflows reaching P1.88 billion, rising from the previous session’s P1.47 billion. — Imee Charlee C. Delavin

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-drops-to-7100-level-on-earnings-fed-hints-&id=135863
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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