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 7, 2016 Data)
Total Traded Value – PhP 10.266 Billion – Medium
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 125 Declines vs. 65 Advances = 1.92:1 Almost Bearish
Total Foreign Buying – PhP 4.494 Billion
Total Foreign Selling – (PhP 7.174) Billion
Net Foreign Buying (Selling) (PhP 2.680) Billion – 11th 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: ==================================================

PSE index tumbles as geopolitical concerns weigh

By Keith Richard D. Mariano, Reporter

Posted on September 08, 2016

THE STOCK MARKET extended its decline toward the 7,600 line on Wednesday, as investors digest possible implications of a cancelled meeting between the presidents of the Philippines and the United States to the domestic economy while valuation issues persist.

The benchmark Philippine Stock Exchange index (PSEi) closed at 7,619.10 after shaving off 100.08 points or 1.30% throughout the session. The all shares index likewise plunged 51.49 points or 1.12% to 4,542.35.

Local stocks continued to grapple with their high valuation that has prompted foreign investors to take profits for a while now, Aniceto K. Pangan, equity trader at Diversified Securities, Inc., said in a telephone interview.

Foreign investors took out an additional P2.68 billion out the exchange on Wednesday, more than doubling the P951-million net sales recorded in the previous session.

Mr. Pangan cited the cancellation of what could have been the first meeting between President Rodrigo R. Duterte and US President Barack H. Obama on the sidelines of the Association of Southeast Asian Nations (ASEAN) Summit in Laos.

“Investors thought that the cancellation of the meeting would have a negative effect in terms of investments,” Mr. Pangan said.

“The market has been prone to more selling as investors look to see lower buying levels at better valuations amid geopolitical concerns,” Frank Gerard J. Barboza, equity trader at AP Securities, Inc., said in a text message.

The US and the Philippines called off the meeting after Mr. Duterte threatened to curse at Mr. Obama should the latter question a crackdown on illegal drugs in the Asian country marked by vigilante killings.

Only the mining and oil sector survived the sell-off. It rose 13.41 points or 0.13% to 10,695.53 amid the global rally triggered by a proposed cooperation between Saudi Arabia and Russia to tackle the slump in oil prices.

The property counter, meanwhile, led the decline after dropping 84.98 points or 2.44% to 3,394.18. Holding firms also declined by 112.65 points or 1.48% to 7,507.59; financials by 15.84 points or 0.87% to 1,813.77; industrial by 85.79 points or 0.72% to 11,780.41; and services by 3.74 points or 0.24% to close the session at 1,548.37.

“It looks like the market is still unable to come to grips with the developing realities on the political front — the declaration of a state of emergency and the ‘misunderstanding’ with the US leading up to the ASEAN Summit in Laos,” A&A Securities, Inc. Head of Marketing and Research Justino B. Calaycay, Jr. noted.

Value turnover rose to P10.27 billion on Wednesday after 2.14 billion shares exchanged hands, from the P7.69 billion posted on Tuesday.

Decliners led advancers, 125 to 65, while 43 issues remained steady.

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=pse-index-tumbles-as-geopolitical-concerns-weigh&id=133116
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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