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 6, 2016 Data)
Total Traded Value – PhP 7.687 Billion – Low
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 108 Declines vs. 75 Advances = 1.44:1 Neutral
Total Foreign Buying – PhP 3.875 Billion
Total Foreign Selling – (PhP 4.826) Billion
Net Foreign Buying (Selling) (PhP 0.951) Billion – 10th 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: ==================================================

Stock rout deepens on concerns over US rate hike

By Keith Richard D. Mariano, Reporter

Posted on September 07, 2016

THE LOCAL stock barometer slipped further into the red as foreign investors continued to trim their Philippine shareholdings amid persisting uncertainty over the timing of another rate hike in the United States and high valuation.

The benchmark Philippine Stock Exchange index (PSEi) retreated by 44.87 points or 0.57% more to settle at 7,719.18, while the all shares index dropped by 20.35 points or 0.44% to 4,593.84.

“The market continued to decline as foreigners resumed their selling, which started in August,” Jonathan J. Latuja, research analyst at Unicapital Securities, Inc., said in a mobile phone message.

Victor F. Felix, equity analyst at AB Capital Securities, Inc., noted that foreign investors have already withdrawn about P12 billion from the market since net foreign buying reached highs of around P25 billion last month.

On Tuesday alone, foreign investors dumped P951 million more than what they bought. This adds to the P611.36-million net sales recorded on Monday, when the bombing in Davao City and the subsequent declaration of a “state of lawless violence” sidelined investors.

“The reasons for this (foreign sell-off), I think, are high valuation, US rate hike fears and some socio-political uncertainty with the new administration whose honeymoon period is almost over,” Mr. Felix said.

Messrs. Latuja and Felix, however, undermined the cancellation of the scheduled meeting between President Rodrigo R. Duterte and US President Barack H. Obama in Laos after the former threatened against being questioned about his war on illegal drugs.

“Our market is just already highly valued compared to other Asian and emerging markets. Foreign investors have decided to cash in their gains ahead of a set of global risk events this September,” Mr. Latuja said.

The sub-indices exhibited mixed performances, with the financials and industrial sectors advancing by 8.35 points or 0.45% to 1,829.61, and 50.23 points or 0.42% to 11,866.20, respectively.

Meanwhile, the property counter lost 39.30 points or 1.11% to reach 3,479.16. Holding firms also declined by 78.60 points or 1.02% to 7,620.24; mining and oil by 22.90 points or 0.21% to 10,682.12; and services by 2.69 points or 0.17% to 1,552.11.

Value turnover bounced to P7.69 billion, after 1.47 billion shares exchanged hands, from the P5.84 billion recorded on Monday. Decliners outpaced advancers, 108 to 75, while 54 issues remained unchanged.

“There’s a [US Federal Reserve] meeting on Sept. 21-22, so if they delay rates and September nonfarm payrolls will again disappoint, then we can rebound easily and breach 8,100,” Mr. Felix said.

The PSEi, however, will likely breach the 7,700 level and even hit 7,600 within the week, Mr. Felix added.
Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stock-rout-deepens-on-concerns-over-us-rate-hike&id=133052
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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