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 9,  2017  Data)

Total Traded Value –  PhP  6.102  Billion – Low
Advances Declines – (Ideal is 2:1)  104 Declines vs. 82 Advances  = 1.27:1 Neutral
Total Foreign Buying – PhP 2.758  Billion
Total Foreign Selling – (PhP  3.007)  Billion
Net Foreign Buying (Selling) – (PhP 0.249)  Billion –first day of Net Foreign Selling after a day 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

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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Shares continue climb as investors hunt for leads

October 10, 2017

STOCKS rose on Monday, extending last week’s gains, as investors opted to stay on the sidelines pending the much awaited tax reform package approval and as market participants continue to factor in likely positive third-quarter earnings.

The bellwether Philippine Stock Exchange index rose 0.68% or 56.5 points to 8,367.38.

The all-shares index climbed 0.41% or 20.48 points to 4,909.92.

“Investors are still on the sidelines as they wait on the passing of the final version of the TRAIN (Tax Reform for Acceleration and Inclusion Act),” said Ramon Emmanuel B. Badiola, equity analyst/trader at Meridian Securities, Inc., in a mobile message.

The Senate will discuss on Wednesday the tax reform plan, which is crucial to President Rodrigo R. Duterte’s ambitious plans to foster higher, sustainable growth.

The tax measures, approved by the lower house of Congress in May, seek to expand the value-added tax base, raise excise taxes on fuel and automobiles, and slap levies on sugar-sweetened beverages among other changes.

“Risks however, remain present as market-moving news on developing countries can make the market volatile in the long run. It’s good to take note also the effects of the depreciating peso and the rapid growth of inflation,” Mr. Badiola added, while noting that the main index can still be pushed to reach the 8,600 level by yearend.

Meanwhile, Frank Gerard A. Barboza, equity trader at AP Securities, Inc., said the market rode on the momentum of last week’s run.
He added that some investors will already be buying ahead of the curve in anticipation of positive earnings performance.
“Should the bullish tone sustain, we could see a better reception of the coming 3Q2017 earnings season,” Mr. Barboza said in a mobile message yesterday.

Counters finished mixed on Monday. Holding firms surged 1.26% or 107.22 points to 8,562.67; property jumped 0.58% or 22.45 points to 3,878.84; mining and oil climbed 0.26% or 36.61 points to 14,019.14; and financials inched up 0.18% or 3.64 points to 2,001.82.
On the other hand, services declined 0.24% or 4.2 points to 1,744.71, while industrials fell 0.10% or 11.58 points to 11,101.60.
Losers trumped advancers at 104 to 82 as 59 issues remained unchanged.

Value turnover went down to P6.1 billion from the P7.37 billion recorded last Friday as 1.68 billion shares changed hands.
Foreigners opened the week dumping shares as selling netted P248.98 million, significantly higher than Friday’s net outflows worth P11.56 million.

Meanwhile, broader Asian equities edged higher as the flow of economic news remained generally supportive for global growth with shares in China touching a 21-month peak.

MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.10%, having rebounded by 1.70% last week.
Among other Southeast Asian markets, Thailand was headed for its third straight session of gains. — JCL with Reuters

Source: http://bworldonline.com/shares-continue-climb-as-investors-hunt-for-leads/

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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.