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 6, 2016 Data)

Total Traded Value – PhP 6.738 Billion – Low

Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 94 Declines vs. 90 Advances   = 1.04:1 Neutral

Total Foreign Buying – PhP 3.756 Billion

Total Foreign Selling – (PhP 4.087) Billion

Net Foreign Buying (Selling) – (PhP 0.331) Billion – 2nd 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 investors flee on local concerns

Posted on October 07, 2016

THE BELLWETHER index was down yesterday on local factors, including the heavy decline in Globe Telecom, Inc. shares as well as foreigners pulling out their funds ahead of the US elections.

The Philippine Stock Exchange index (PSEi) lost 19.63 points or 0.25% to close at 7,620.16, while the broader all-shares index slid 9.76 points or 0.21% to close at 4,521.90.

“I think market continued the sell-off from yesterday (Wednesday) and I think it was more local factors that influenced. For one, I think investors are a bit wary of the outcome of the local deal, so I think heavyweight Globe was being sold off,” Luis A. Limlingan, business development head at Regina Capital Development Corp., said in a phone interview.

Globe shares took the deepest slip yesterday, losing 65 points or 3.31% to close at P1,900 per piece.

“I think they are also waiting again for more developments regarding the contractualization and comprehensive tax reform [plans of the government].”

Labor Secretary Silvestre H. Bello III said that the government on track with reducing the incidence of illegitimate contractualization practices by half, having already made 20% of its set target.

Meanwhile, the Finance department submitted its first tax reform package in Congress which, if passed, would cut personal income tax while increasing the excise rates on oil products and vehicles.

Noel S. Reyes, chief investment officer for Asset Management of Security Bank Corp., attributed the weak market to foreign selling.

“An additional reason is because of the fact maybe the foreigners are selling ahead of the US elections because a Trump win is a protectionist policy which could affect risk markets like ourselves,” he said in a phone interview yesterday.

Only the industrials and services indices showed growth in yesterday’s market, while the rest contracted. Industrials gained 3.85 points or 0.03% to 11,947.96, while services rose 8.28 points or 0.56% to 1,465.50.

Meanwhile, mining and oil lost most points at 50.59 or 0.45% to 11,121.69. Property declined 38.15 points or 1.09% to 3,445.56; financials slid 7.83 points or 0.42% to 1,815.26; while holding firms shaved off 0.14 point.

Value turnover rose to P6.74 billion yesterday after 2.83 billion changed hands from P6.49 billion on Wednesday. There were 94 losers, 90 gainers, while 54 were flat.

Foreign investors posted a net selling position of P331.10 million, up slightly from Wednesday’s P324.01-million outflow.

In contrast, most Southeast Asian stock markets rose on Thursday, reflecting gains in Asian peers, as strong economic data from the United States lifted investor sentiment.

Data released on Wednesday showed activity in the US services sector rebounded to an 11-month high in September, following similarly upbeat news from factories on Monday when the Institute of Supply Management reported factory activity shrugged off weakness in August. — RSCC with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-decline-as-investors-flee-on-local-concerns-&id=134503

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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