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 4, 2016 Data)

Total Traded Value – PhP 7.067 Billion – Low

Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 91 Advances vs. 85 Declines   = 1.07:1 Neutral

Total Foreign Buying – PhP 3.612 Billion

Total Foreign Selling – (PhP 3.416) Billion

Net Foreign Buying (Selling) PhP 0.196 Billion – 4th day of Net Foreign Buying after 25 days of Net Foreign Selling

 

 

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: ==================================================

PSE index extends climb as market concerns ease

Posted on October 05, 2016

LOCAL STOCKS went up yesterday amid less noise in overseas markets, which offered investors here some stability ahead of key reports.

The Philippine Stock Exchange index (PSEi) gained 41.51 points or 0.54% to end at 7,719.24 on Tuesday, while the broader all-shares index climbed 10.92 points or 0.24% to close at 4,570.40.

“Despite US stocks closing with modest losses following mixed data on both auto sales and manufacturing and in the wake of a weak construction spending report, investors in our local bourse, along with our Asian counterparts decided to buy up the market,” said Luis A. Limlingan, business development head at Regina Capital Development Corp., in a text message yesterday.

This comes as the US Institute for Supply Management reported that the manufacturing sector of the United States expanded in September, with the manufacturing purchasing managers’ index rising to 51.50 from 49.40 in August. The new orders index jumped 6 points to 55.10, while the production index climbed 3.20 points to 52.80.

Analysts said recent developments in the United Kingdom (UK) also affected trading here yesterday.

Moreover, Mr. Limlingan cited the boost in the index in UK which was attributed to a sharp drop in sterling and a subsequent rally in exporters.

For his part, Astro C. del Castillo, managing director of First Grade Finance, Inc., said that although the developments in UK have no direct effect on the local bourse, stability there carries over to other markets as well, including to the Philippines.

“Wala naman talagang (There is no) direct effect. However, you have less much noise… overseas. A stable UK is positive not only for our local market but also to most markets because such a move by the UK gives stability not only to its country but to Europe as well,” he said in a phone interview.

“As foreign selling tapers off, bargain hunters continue to pick on select stocks especially looking forward to the economic and corporate earnings moving forward… Less noise also in the domestic front, also overseas, encouraging cherry picking on select stocks.”

Most of the sectoral indexes gained yesterday, with mining and oil posting the largest boost at 225.83 points or 2.02% to 11,381.97.

Holding firms gained 70.16 points or 0.92% to 7,666.33, Industrials added 62.73 points or 0.52% to 11,967.19, while property climbed 10.6 points or 0.30% to 3,508.02.

On the other hand, services lost 1.82 points or 0.12% to 1,496.50, while financials dropped 1.64 points or 0.08% to 1,838.26.

Value turnover jumped to P7.07 billion after 2.49 billion changed hands from P4.88 billion on Monday.

There were 91 advancers and 85 decliners, while 66 names were flat.

Foreign investors maintained a net buying position, climbing to P3.61 billion on Tuesday from P2.41 billion recorded the prior session. — R.S.C. Canivel

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=pse-index-extends-climb-as-market-concerns-ease&id=134382
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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