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 7, 2016  Data)

Total Traded Value –  PhP  6.683 Billion – Low

Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 92 Advances vs. 92 Declines   = 1:1  Perfectly Neutral for the first time this year

Total Foreign Buying – PhP 3.020  Billion

Total Foreign Selling – (PhP  3.763 Billion)

Net Foreign Buying (Selling) – (PhP  0.743  Billion) – 9th 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 declines anew ahead of US presidential vote

Posted on November 08, 2016

THE LOCAL bellwether declined anew on Monday as investors chose to stay on the sidelines ahead of the US presidential election and general volatility in the market amid negative sentiment.

The Philippine Stock Exchange index (PSEi) closed 30.18 points or 0.41% lower at 7,197.19 points yesterday after Friday’s slight rebound. The all shares index likewise lost 14.44 points or 0.33% to end at 4,311.28.

“Local stocks continued to churn, awaiting the results of the US elections. Near term markets will probably sell-off with a [Donald] Trump victory, given his stance on immigration, citizenship, aid and trade,” said Nicholas Antonio T. Mapa, associate economist at the Bank of the Philippine Islands.

Mr. Mapa noted that it may be difficult for the PSEi to test the 8,000 level anytime soon with the US election result still up in the air and amid prospects of an upcoming interest rate hike by the US Federal Reserve.

“Over a more medium-term outlook, should Trump indeed win and deliver on his campaign promises for a less outwardly oriented USA, the Philippines may not benefit as much as from a [Hillary] Clinton win and thus equity performance may be affected through the trade, remittance and confidence channels,” Mr. Mapa said.

Christian Caye A. Decasa, technical analyst at Regina Capital Development Corp., said separately that the PSEi’s failure to sustain its Friday rebound suggests there is still a lot of fear among investors.

“I don’t think a Trump win will shake the markets on a long-term horizon. What I think we should be worrying about is the short-term shock on a Trump win because obviously the market is not in favor of him winning the elections.”

Mr. Decasa that market volatility will likely increase should the Republican bet win the US election. “I think the same effect applies on regional markets as well since they are also experiencing the same pre-election jitters as we do,” he added.

“Regardless of who wins, [we] expect our market to face huge swings in either direction”, said Mr. Decasa. “Definitely there will be a recovery post-elections since all the uncertainties will subside.”

Most sectoral indices were in the red yesterday. Financials posted the biggest decline at 0.71% or 12.49 points, closing at 1,732.56. Holding firms dropped 0.66% or 48.82 points to 7,334.91; services went down 0.56% or 7.76 points to 1,373.02; and industrial slid by 0.53% or 60.56 points to 11,320.09.

Meanwhile, the property and mining and oil counters went up by 1.11% or 35.26 points to 3,195.82 and 1.06% or 121.82 points to 11,537.71, respectively.

One stock rose for every one that declined, while 45 names ended unchanged. Value turnover came in at P6.68 billion on Monday as 3.13 billion shares changed hands, down from Friday’s P7.73-billion worth.

Net foreign selling narrowed to P743.72 million yesterday from the P1.02 billion in outflows posted the previous session. – EJCT

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-declines-anew-ahead-of-us-presidential-vote&id=136000
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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