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 13, 2016 Data)
Total Traded Value – PhP 8.592 Billion – Medium
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 131 Declines vs. 65 Advances = 2.02:1 Bearish
Total Foreign Buying – PhP 4.627 Billion
Total Foreign Selling – (PhP 5.212) Billion
Net Foreign Buying (Selling) (PhP 0.585) Billion – 14th 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

From now on, I will just quote the related article from Business World so that we will have everything in one piece: ==================================================

PSEi sinks to three-month trough ahead of Fed

Posted on September 14, 2016

THE LOCAL stock barometer sank to its lowest level in about three months, as uncertainty over the timing of another rate hike in the United States intensified a week ahead of the Federal Reserve’s policy meeting.

The Philippine Stock Exchange index (PSEi) on Tuesday dropped 31.52 points or 0.41% to close at 7,550.27, a level the bellwether had not touched since settling at 7,501.65 on June 15.

The broader all-shares index, on the other hand, recovered 39.53 points or 0.87% to 4,573.87, as industrial stocks generally advanced.

“The market was still weak today following a bearish sentiment-driven weekend in the US,” Frank Gerard J. Barboza, equities trader at AP Securities, Inc., said in a mobile phone message.

“The market is finding it hard to bounce due to a number of factors in favor of the bears. Uncertainty glooms again for the US economy as we wait for the next round of key data,” he added.

US Federal Reserve Governor Lael Brainard on Monday made a dovish remark about hiking interest rates, saying she wanted to see stronger consumer spending data and signs of accelerating inflation first, according to Reuters.

The bearish sentiment toward the world’s largest economy reverberated among investors in the local stock market that suspended trading on Monday in observance of Eid’l Adha.

“I think it’s risk-off sentiment,” Joylin F. Telagen, equity analyst at IB Gimenez Securities, Inc., said in a mobile phone message, citing the decision of the European Central Bank to refrain from providing more stimulus and the dimmed prospects for a September rate hike in the US.

Ms. Telagen further flagged increasing geopolitical concerns “that might move the overseas investors out of the market or defer business investments especially foreign investments.”

The industrial counter gained 65.12 points or 0.56% to reach 11,691.95 at the closing bell. It was the only counter that ended in the green yesterday.

Services led the decline with 17.88 points or 1.16% to end at 1,516.54 yesterday. Mining and oil, meanwhile, retreated by 78.22 points or 0.73% to 10,637.46; financials by 9.66 points or 0.52% to 1,838.95; holding firms by 38.56 points or 0.51% to 7,495.32; and property by 17.25 points or 0.51% to 3,345.43.

Foreign investors continued to offload their local shareholdings on Tuesday. Net foreign selling, however, declined to P585.29 million from the P1.06 billion recorded last Friday.

Value turnover dropped to P8.59 billion, after about 3.53 billion shares exchanged hands, from nearly P10 billion worth on Friday.

Decliners trumped advancers, 131 to 65, while 47 issues were unchanged.

AP Securities’ Mr. Barboza sees more selling after the market slipped through its critical support, while IB Gimenez’s Ms. Telagan expects the volatility to continue until the Fed finally decides on a rate hike next week. — Keith Richard D. Mariano

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-sinks-to-three-month-trough-ahead-of-fed&id=133394
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THANK YOU VERY MUCH FOR YOUR SUPPORT! WE MADE IT TO THE TOP FIVE

Voting for the Angat Pilipinas Coalition for Financial Literacy Polls ended last night and we are glad to inform you that with your support, we were able to make it to the Top 5 in our Category – “Influential Author or the Year.” Apart from the online polls, there will still be judging of the Top 5 nominees for each category with most number of votes. The judges will come from three different independent institutions. We would like to thank you for your Support. Win or Lose, we did our Best and that is the most important thing. More than the votes we received a lot of encouragement and these keep us going in our advocacy: Responsible Trading. Again, from me and The Responsible Trader_com: Maraming salamat po sa inyong walang sawang pagtangkilik at umaasa kami ng mas maganda pang samahan ngayon, bukas at magpakailanman.

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