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 27,  2017  Data)

Total Traded Value –  PhP  10.459  Billion – Medium
Advances Declines – (Ideal is 2:1)   106 Advances vs. 103 Declines = 1.03:1 Neutral
Total Foreign Buying – PhP 4.422  Billion
Total Foreign Selling – (PhP  6.354)  Billion
Net Foreign Buying (Selling) – (PhP 1.932)  Billion – 2nd day of Net Foreign Selling after 4 days 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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PSE index ekes out small gain on bargain hunting

September 28, 2017

THE Philippine Stock Exchange index (PSEi) looked set to extend its slide on Wednesday, but bargain hunting allowed it to change course to end the session with a slight gain.

The bellwether PSEi posted a 51.78-point gain or 0.63% to finish at 8,221.92. The broader all-shares index gained 19.23 points or 0.39% to end at 4,851.09.

“Philippine investors continued to clean and rebalance their portfolios ahead of the window dressing and the addition of RRHI (Robinsons Retail Holdings, Inc.) into the 30-member index. However in this instance, they turned to bargain hunting on market on close,” said Luis A. Limlingan, business development head at Regina Capital Development Corp.

On Tuesday, the PSE announced that Lopez-led Energy Development Corp. (EDC) had been removed from the PSEi as its free float level fell below the 12% minimum requirement to qualify as a main index constituent.

EDC will be replaced by the Gokongwei’s RRHI, which was listed in November 2013. The retail company is the fifth stock from the services sector that is part of the PSEi.

Shares in EDC on Wednesday climbed by 12.92% to P5.42 each after falling by 20% to P4.80 the other day. RRHI slipped by 1.5% to P98.50 yesterday. EDC was the most active stock during the session, followed by RRHI.

Harry G. Liu, president of Summit Securities, Inc., said the market started to correct towards the end of the session after being down in the last few days.

He said he was looking at the same fundamentals to propel the PSEi’s ascent, as well as initiatives to “reform” the tax system and the government’s push towards more infrastructure spending.

Regina Capital’s Mr. Limlingan said investors also took caution after Federal Reserve Chair Janet Yellen said gradually raising interest rates is the most appropriate policy approach amid higher uncertainty about inflation.

He said Ms. Yellen’s stance reinforced the US central bank’s forecast of another rate hike this year.

“Investors now see a roughly 70% probability of a hike at the Fed’s December meeting, up from 63% on Monday,” he said.
Five of the six sectoral indices ended the trading day in the green, led by industrials, which moved up by 112.27 points or 1.02% to 11,122.07.

Holding firms likewise rose by 43.43 points or 0.52% to end at 8,328.40; property stocks gained 19.25 points or 0.49% to 3,879.68; mining and oil stocks rose by 67.31 points or 0.48% to 13,932.70; while financials inched higher by 7.86 points or 0.4% to 1,972.74.
Services was the lone counter to end in the red, dropping 12.07 points or 0.7% to 1,693.7.

Foreign funds sold more stocks than they bought, resulting in a net selling of P1.93 billion, or bigger than the previous day’s P1.16 billion.

Value turnover reached P10.46 billion, up from billion the other day. Advancers outnumbered decliners at 106 to 103, while 39 stocks finished unchanged. — Victor V. Saulon

Source: http://bworldonline.com/pse-index-ekes-small-gain-bargain-hunting/

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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.