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 2, 2016 Data)
Total Traded Value – PhP 7.696 Billion – Low
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 117 Advances vs. 72 Declines = 1.63:1 Neutral
Total Foreign Buying – PhP 3.127 Billion
Total Foreign Selling – (PhP 3.948) Billion
Net Foreign Buying (Selling) (PhP 0.821) Billion – 8th day of 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: ==================================================

Stocks to climb on lackluster US payrolls data

By Keith Richard D. Mariano, Reporter

Posted on September 05, 2016

LOCAL STOCKS may be on an uptrend this week after jobs data from the United States fell short of expectations and diminished prospects for a September rate hike, although security concerns in the country could partly drag investor sentiment, according to analysts.

The benchmark Philippine Stock Exchange index (PSEi) may hover between the 7,650 and 7,920 levels, as investors react to the US nonfarm payrolls report released late Friday, BPI Asset Management said in a weekly review of the global and local capital markets.

The employment report showed US companies only added 151,000 to their payrolls. The number trailed expectations for an increase of 180,000.

Aniceto K. Pangan, equities trader at Diversified Securities, Inc., said: “The US non-farm payrolls report that fell below expectation and the slower annual wage growth rate would further delay interest rate hike in the US and will continue to support the local market to rebound together with the commodities as US dollar weakens through this week.”

Still, investors may continue to see volatility arising from other events, which the US Federal Reserve may take into account in deciding a rate hike during its Sept. 20-21 meeting, according to 2TradeAsia.com’s weekly outlook.

“Investors should also consider talks and meetings in other developed economies and organizations, predominantly from Bank of Japan (Sept. 20), European Central Bank (Sept. 8), Bank of England (Sept. 15) and Organization of the Petroleum Exporting Countries (Sept. 26-28), as these could weigh on the Fed’s decision.”

The scheduled meeting of crude producers, in particular, will provide direction for the oil sector that has suffered from a supply glut. In the meantime, uncertainties in the outlook for oil prices linger, according to 2TradeAsia.com.

Jonathan L. Ravelas, chief market strategist at BDO Unibank, Inc., expects investors to be on a risk-off mode until the US central bank meets to decide on implementing another rate hike.

The reported bombing in Davao City and the subsequent declaration of a state of lawlessness add to uncertainties arising from the timing of the rate hike in the US, with Mr. Ravelas flagging a “knee-jerk” reaction when the market opens today.

“The first two trading days will be crucial for the index as it needs to sustain its hold above 7,800 to prevent another round of correction back to its 100-day moving average,” Luis A. Limlingan, managing director at Regina Capital Development Corp., said in a mobile phone message.

“However, given its overall bearish signals, our trend bias this week remains highly bearish unless prices rally above 65-day moving average (currently at 7,840) with volume support. Volatility is becoming another concern as 14-day average true range is starting to pick up…”
Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-to-climb-on-lackluster-us-payrolls-data&id=132923
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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