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 8, 2016 Data)
Total Traded Value – PhP 8.994 Billion – Medium
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 94 Advances vs. 85 Declines = 1.11:1 Neutral
Total Foreign Buying – PhP 3.573 Billion
Total Foreign Selling – (PhP 5.729) Billion
Net Foreign Buying (Selling) (PhP 2.156) Billion – 12th 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 hunt for cheap buys

By Keith Richard D. Mariano, Reporter

Posted on September 09, 2016

LOCAL STOCKS crawled out of the doldrums on Thursday as investors hunted for bargains as soon as the benchmark breached the 7,500 level, although foreign players continued to abandon their shareholdings.

The Philippine Stock Exchange index (PSEi) made up of 30 of the largest stocks advanced 47.97 points or 0.63% to 7,667.07 despite generally weaker performances across Asia.

The all-shares gauge likewise climbed 23.18 points or 0.51% to reach 4,565.53 at the closing bell.

The PSEi extended its decline early into the session, opening at 7,588.78 and touching a low of 7,536.07 within the first hour of trading. The bellwether started its ascent thereafter and reached as high as 7,667.62.

The local market oversold during the session amid the lack of “bad news” that would have pulled local stocks further south, UPCC Securities, Inc. equity trader Aristotle D. Reyes, Jr. said in a telephone interview.

“We reached the support level, so normally the market will rebound. Also, the meeting of President Rodrigo R. Duterte with US President Barack H. Obama and United Nations Secretary General Ban Ki-moon was reported have went well,” Mr. Reyes noted.

In a market update, DA Market Securities, Inc. also noted the PSEi managed to return to the positive territory “as stocks got overcooked.”

But mining and oil stocks bucked the uptrend, retreating 13.68 points or 0.13% to 10,681.85. The sector continues to trade within range amid uncertainties over the government’s policy on mining, Mr. Reyes said.

Services gained the most, adding 17.10 points or 1.10% to settle at 1,565.47. Financials rose by 15.38 points or 0.85% to reach 1,829.15; industrial by 63.44 points or 0.54% to 11,843.85; holding firms by 36.76 points or 0.49% to 7,544.35; and property by 12.48 points or 0.37% to 3,406.66.

“Amid surplus liquidity in global financial markets, foreign and domestic funds await discounts in Philippine stocks,” DA Market noted, as foreign investors posted P2.16 billion in net sales in addition from the P2.68 billion withdrawn on Wednesday.

UPCC Securities’ Mr. Reyes also deemed the market’s rebound “not quite convincing” as trade volume remained thin. The session saw 1.35 billion shares exchange hands for P8.99 billion versus the 2.14 billion issues on Wednesday worth P10.27 billion.

Mr. Reyes, however, expects local stocks to extend their gains because the 7,500-7,600 levels continue to serve a case for investors to buy back. “We expect to continue to go up but let’s see. Somehow, we are following the markets abroad, so if they’re up, then we’re up as well.”

In contrast, most Southeast Asian stocks were trading largely lower on Thursday, as investors waited for clarity on further easing steps when the European Central Bank meets later in the day. — with Reuters
Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-rebounds-as-investors-hunt-for-cheap-buys&id=133185
==================================================

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)

===================================================

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