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 September 10, 2018 Data)

Total Traded Value – PhP 7.396 Billion – Low
Advances Declines – (Ideal is 2:1) 124 Declines vs. 62 Advances = 2.00:1  Bearish
Total Foreign Buying  PhP 3.692 Billion
Total Foreign Selling – (PhP 4.545)  Billion
Net Foreign Buying (Selling) – (PhP 0.853)  Billion – 8th day of Net Foreign Selling after 2 days  of Net Foreign Buying

Data from the Philippine Stock Exchange

Screenshot courtesy of 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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PHL shares end flat as investors pick up bargains

September 10, 2018 | 9:00 pm

SHARES opened the week on a flattish note as investors went bargain hunting, while some were still reeling from last week’s news, particularly the faster-than-expected inflation print and the US’ threat of more tariffs on Chinese products.

The bellwether Philippine Stock Exchange index (PSEi) slipped by 0.03% or 2.49 points on Monday to close the session at 7,596.15.
The broader all-shares index also lost 0.33% or 15.71 points to end at 4,640.71.

“Philippine shares began the Monday morning with another hit carrying over from last week after President Donald Trump said the US had tariffs ready to go on another $267 billion in Chinese goods, on top of tariffs on $200 billion widely expected to happen,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message on Monday.

Amid such news, US stocks closed lower Friday to retreat for the week, with the S&P 500 and the Nasdaq declining for a fourth straight session.

“This was on top of overhanging concerns with respect to inflation which keep investors wary as may impede the growth numbers moving forward,” Mr. Limlingan added.

The index went below the 7,500 mark intraday, hitting a low of 7,466.27 for the session.

The analyst however noted that the afternoon session saw investors turning to bargain hunting for selected names that were oversold.
“There may have been some anticipation as it was also announced that President [Rodrigo R.] Duterte plans to address the nation [on Tuesday],” Mr. Limlingan said.

“The blue chip stocks have been oversold and I think that was just taken by some investors as a chance to buy at lower prices,” Timson Securities, Inc. trader Jervin S. de Celis said in a mobile message Monday, September 10.

“While the PSEi remains one of the most expensive indices in Asia, the sell-off due to the inflation data last week and trade rift between the US and China is a bit overdone so market participants bought up the index stocks to finish flat today,” Mr. De Celis said on Monday.

Sectoral indices were divided Monday, September 10. Financials slid 0.62% or 10.64 points to 1,705.77; services fell 0.52% or 8.05 points to 1,517.69; and property lost 0.25% or 9.40 points to close at 3,742.83.

Meanwhile, mining and oil climbed 0.69% or 66.26 points to finish at 9,659.89; industrials went up 0.67% or 75.62 points to 11,319.03; and holding firms added 0.22% or 16.83 points to 7,532.53.

Value turnover amounted to P7.40 billion as 1.44 billion shares changed hands, higher than Friday’s P6.29-billion worth of stocks.
Decliners trumped advancers, 124 to 62, while 55 names were unchanged.

Continuing from last week’s sell-off, net foreign outflows on Monday totalled P852.58 million, although declining from Friday’s net sales worth P1.42 billion. — JCL

Source: http://www.bworldonline.com/phl-shares-end-flat-as-investors-pick-up-bargains/

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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 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.