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 October 10, 2016 Data)

Total Traded Value – PhP 4.994 Billion – Low

Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 103 Declines vs. 60 Advances   = 1.72:1 Neutral

Total Foreign Buying – PhP 2.892 Billion

Total Foreign Selling – (PhP 3.423) Billion

Net Foreign Buying (Selling) – (PhP 0.531) Billion – 4th day of Net Foreign Selling after 4 days 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: ==================================================

Stocks decline as ‘political noise’ spooks market

Posted on October 11, 2016

LOCAL STOCKS fell yesterday as investors pulled out funds amidst political noise that put into question the country’s long term alliance with a global power, and following developments in the 2nd US Presidential debate, analysts said.

The Philippine Stock Exchange index (PSEi) lost 43.58 points or 0.57% to close at 7,534.71 while the broader all-shares index fell 14.82 points or 0.32% to close at 4,489.69.

Victor F. Felix, analyst with AB Capital Securities, cited President Rodrigo R. Duterte’s anti-US rhetoric which, over the weekend, resulted in American military forces being pulled out from Mindanao.

“In my opinion, this is caused by continuous political noise,” he said in a phone interview yesterday. “There was a headline over the weekend that US forces were pulling out forces and equipment out of areas in Mindanao. Again, President Duterte’s headline grabbing rhetoric, and his alignment with Russia and China, is really spooking foreign investors.”

According to a report from The Philippine Star, the US C-17 transport plane arrived at the Zamboanga International Airport last week to pull out some service vehicles and equipment of the American troops. This was later denied by Molly Koscina, spokesperson of the US embassy in Manila, saying in a media report that it was a “regular change of equipment” instead of a pullout.

In numerous public pronouncements, Mr. Duterte has been airing anti-US sentiments. Only last month, he said that the next joint military exercises, set from Oct. 4-12, would be the last under his term.

“There is also other headlines over the weekend that a lot of trade shows, planned investments, in the country were delayed or put on hold… All these headlines combined put investor sentiment gloomy.”

For his part, Regina Capital Development Corp. Managing Director Luis A. Limlingan said that the market was watching the developments in the second US Presidential debate between Republican nominee Donald Trump and Democrat bet Hillary Clinton. He also cited Governor Haruhiko Kuroda who signaled that the Bank of Japan may delay the forecast date for achieving its 2% inflation target to 2018, which he said meant “they’re still in a deflationary path.”

All local indices were down yesterday. The financials counter, however, was almost unchanged as it declined by just 0.16 point to 1,799.93.

Holding firms saw the steepest fall, losing 71.91 points or 0.94% to 7,519.16. Industrials lost 65.89 points or 0.55% to 11,832.75; mining and oil slid 21.22 points or 0.19% to 11,079.68; services declined 6.97 points or 0.48%; and property gave up 3.1 points or 0.09% to 3,411.84.

Value turnover fell to P4.99 billion after 646.65 million shares changed hands, from P8.02 billion on Oct. 7. There were 103 losers, 60 gainers, while 53 names were flat. Net foreign selling stood at P530.47 million, more than double of last Friday’s outflow of P246.06 million. — Roy Stephen C. Canivel

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-decline-as-&145political-noise&8217-spooks-market&id=134641

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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