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 5, 2016 Data)

Total Traded Value – PhP 6.491 Billion – Low

Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 127 Declines vs. 58 Advances   = 2.19:1 Bearish

Total Foreign Buying – PhP 3.282 Billion

Total Foreign Selling – (PhP 3.606) Billion

Net Foreign Buying (Selling) – (PhP 0.324) Billion – 1st 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: ==================================================

PSEi slips on political concerns, bets on Fed hike

By Roy Stephen C. Canivel

Posted on October 06, 2016

THE BELLWETHER index was down yesterday amidst political uncertainty, a perceived hike in the Federal Reserve’s interest rate, as well as a downward pull from the Dow, analysts said.

The Philippine Stock Exchange index (PSEi) lost 79.45 points yesterday or 1.02% to close at 7,639.79, while the broader all-shares index slid 38.74 points or 0.84% to close at 4,531.66.

UPCC Securities, Inc. equity trader Aristotle D. Reyes, Jr. cited three factors that drove an across the board decline in the local stock market: “First the Dow Jones is down… The next one, ’yung (the) Fed parang magtataas sila ng (they might increase the) interest rate for the last quarter, which is bad for us then the third one, uncertainty, policies ng (of the) government, wala pang nilalabas (nothing official yet) but I heard Duterte will come up with this foreign policy these coming days.”

This comes as President Rodrigo R. Duterte has made several pronouncements against the United States, citing how he plans to eventually break up with America and align the Philippines with China and Russia.

“That’s something to look for because right now [the market is] very uncertain and some businessmen are very uneasy with what the government is doing.”

“Increasingly Duterte has been aligning more and more with China and Russia and less with the West, so that definitely puts strain on foreign investments, especially in equities,” said Victor F. Felix, an analyst with AB Capital Securities.

Earlier this week, Mr. Duterte also slammed US President Barack H. Obama and the European Union (EU) for the latter’s condemnation of the administration’s bloody war against drugs. He told Mr. Obama to “go to hell” and for the EU to “choose purgatory.”

Lexter A. Azurin, head of research at Unicapital Securities, Inc., shared a similar opinion.

“We followed regional markets last night. The Dow was down 85 points on basically external concerns over the banking sector in Europe which adds concern to the market. In addition also, the outlook, the probability of a rate hike in December is increasing,” he said in a phone interview.

The local stock market was down across all indices, with mining and oil seeing the deepest fall as it sank by 209.69 points or 1.84% to 11,172.28.

Holding firms lost 78.79 points or 1.02% to 7,587.54; services declined 39.28 points or 2.62% to 1,457.22; property dropped 24.31 points or 0.69% to 3,483.71; industrials lost 23.08 points or 0.19% to 11,944.11; while financials was down 15.17 points or 0.82%.

Value turnover slid to P6.49 billion after 3.60 billion changed hands from P7.07 billion on Tuesday. There were 127 losers and 58 gainers, while 43 names were flat.

Foreign investors switched to a net selling position of P324.01 million on Wednesday after being net buyers for two straight sessions. — with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-slips-on-political-concerns-bets-on-fed-hike&id=134423
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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