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 15, 2016 Data)

Total Traded Value – PhP 8.040 Billion – Medium

Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 110 Advances vs. 75 Declines = 1.47:1 Neutral

Total Foreign Buying – PhP 4.423 Billion

Total Foreign Selling – (PhP 4.840) Billion

Net Foreign Buying (Selling) (PhP 0.417) Billion – 16th 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 rebounds as investors snatch up bargains

Posted on September 16, 2016

THE BELLWETHER INDEX posted a gain yesterday, recovering towards the end of the session, as investors picked up bargains following almost a week of selling.

The Philippine Stock Exchange index (PSEi) rebounded yesterday to close at 7,708.42, climbing 162.41 points or 2.15% from Wednesday’s session and after reaching its lowest trading level in three months last Tuesday.

On the other hand, the broader all shares index tried declined 49.29 points or 1.05% to stand at 4,614.00 at the market’s close.

Frank Gerard J. Barboza, equity trader at Angping & Associates Securities, Inc. said in a text message: “The market’s selling pressure during the past seven trading days has slowed down today even closing much higher as some funds were rushing to buy index-names near the market’s closing time.”

He noted, however, that the recovery was likely just a “dead cat bounce.” “Big institutions purchase big volume at the close [to] fill up their buying orders at the last minute causing a sudden mark-up at the price during the run-off,” Mr. Barboza said.

“After a week of selling, I guess it was time for some bargain hunting already.” Luis A Limlingan, head of sales of Regina Capital Development Corp. said by phone. He added that speculation ahead of the US Federal Reserve’s policy meeting next week also caused investors to buy more at the end of yesterday’s session.

All sectoral indices, excluding services, ended in the green on Thursday. Holding firms led the charge, gaining 196.73 points or 2.63% to close at 7,675.82. Financials followed suit, gaining 44.21 points or 2.40% to 1,883.79. The property sub-index also advanced 71.31 points or 2.13% to 3,415.69; industrials climbed 199.63 points or 1.7% to 11,926.81; and mining and oil issues went up by 22.86 points or 0.21% to 10,577.45.

Services was the lone counter in the red as it declined by 16.12 points or 1.07% to 1,497.63.

Anton G. Alfonso, analyst at RCBC Securities, Inc., said the biggest index movers were San Miguel Corp., JG Summit Holdings, Inc., and Aboitiz Equity Ventures, Inc. Financial firms also rallied towards the end of the session, he said led by the Bank of the Philippine Islands and BDO Unibank, Inc., which climbed by 4.15% and 3.57% respectively.

Advancers outnumbered decliners, 110 to 75, while 54 were unchanged. Value turnover fell to P8.04 billion after 1.32 million shares exchanged hands on Thursday, from the P8.91 billion worth traded the previous day.

Foreigners remained net sellers, but the outflows declined to P417.02 million from Wednesday’s P1.61 billion.

In contrast, most Southeast Asian stocks were sluggish on Thursday as speculation over the timing of the US Federal Reserve’s next interest rate hike and volatile oil prices put investors in risk-off mode.

Globally, there is still pressure on equity markets, led by a steep fall in oil prices, Trimegah Securities Indonesia said in a note. — JCVD with Reuters
Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-rebounds-as-investors-snatch-up-bargains&id=133512
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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