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,  2017  Data)

Total Traded Value –  PhP  7.367  Billion – Low
Advances Declines – (Ideal is 2:1)   99 Advances vs. 96 Declines   = 1.03:1 Neutral
Total Foreign Buying – PhP 3.408  Billion
Total Foreign Selling – (PhP  3.396)  Billion
Net Foreign Buying (Selling) – PhP 0.012  Billion –first day of Net Foreign Buying after 4 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

Top Ten Gainers and Losers

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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Tax reform, earnings in focus after record rally
October 9, 2017

THE APPROVAL of the final blueprint of the tax reform package will be this week’s highlight, with investors looking to this legislative move to drive up the local market.

Last week, the Philippine Stock Exchange index (PSEi) gained 139 points to end at 8,310.88, up 1.71% week on week, reaching a high of 8,406.34, which was also a record for the bellwether.

Investors opted to shrug off negative news last week on the back of optimism on third-quarter earnings and US President Donald J. Trump’s tax overhaul proposal. This, despite the succession battle for Federal Reserve chairman and after Secretary of State Rex Tillerson publicly confirmed his intention to maintain the position.

Meanwhile, Philippine inflation reached 3.4% in September, inching up from August’s 3.1% and bringing the nine-month average this year to 3.1%.

For this week, analysts said investors will watch out for news on the government’s tax reform program, which could help the PSEi sustain its record-breaking rally.

“Market participants will wait with bated breath legislators’ agreement on the final tax reform plan, which should bring about increased disposable income [and] savings,” said 2TradeAsia.com in a statement over the weekend, while noting that sectors seen to benefit the most from the tax plan include retail-related shares, banks and property.

According to 2TradeAsia.com, improved consumer spending will buoy higher capital spending from listed firms ahead of budget planning initiatives for next year.

“Timed with the Yuletide season, sentiment is bound to ride on improved liquidity, especially with the seasonal uptick in remittances. Increased loan take-up and/or higher fee-based receipts are in store for those engaged in the financial industry,” the online brokerage firm added.

“Because we’re on a new high, we can’t say if [it] can run up,” said Summit Securities, Inc. President Harry G. Liu in a phone interview over the weekend.

“We need additional good news for the investing public to be more aggressive,” Mr. Liu added, noting that the initiatives to finalize the tax reform package and positive corporate earning results are some of the catalysts seen to push the index to a new record high.
“So far…it’s positive. It’s just that we need more positive developments,” he said.

2TradeAsia.com noted the government’s initiative to develop the infrastructure sector will help spur more economic activity.

“This infra rollout is bound to trickle down on key sectors, as it opens up opportunities to expand business investment and employment,” the firm said, adding that shares with solid infra-based directions are seen to benefit from this, while energy-related shares might also post gains as power plant maintenance and/or replacement efforts are fortified in light of the government’s provincial push.
Immediate support is seen at 8,270 points to 8,300, while resistance is pegged between 8,400 and 8,470, according to the analysts. — Janina C. Lim

Source: http://bworldonline.com/tax-reform-earnings-focus-record-rally/

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In line with our VISION, A RESPONSIBLE IN EVERY FILIPINOS HOME, 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/. For those interested in the hard copy, please send email to: ninjatrader919@gmail.com Subject: The Responsible Trader – Hard Copy.

As requested by those abroad and those who want the book in digital form, we have produced an eBook version. For those interested please send email to: ninjatrader19@gmail.com Subject: The Responsible Trader – eBook Version.

The book continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:

The book  can also be ordered online through our publisher, Central Book Supply. Just go to: http://central.com.ph/bookstoreplus then click Search – The Responsible Trader.

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 PhP 8 Billion b. Medium – Total Traded Value Php 8 Billion but not more than P15 Billion c. High – Total Traded Value more than Php 15 Billion.

Starting with August 11, 2017 data we are including the Top Ten Gainers and Losers for a more comprehensive coverage of significant stock movements during the day.