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 9, 2016 Data)
Total Traded Value – PhP 9.999 Billion – Medium
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 109 Declines vs. 88 Advances = 1.24:1 Neutral
Total Foreign Buying – PhP 4.068 Billion
Total Foreign Selling – (PhP 5.130) Billion
Net Foreign Buying (Selling) (PhP 1.062) Billion – 13th 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 trade lower as ECB cools stimulus talk

Posted on September 13, 2016

THE benchmark index may continue correcting toward the 7,500 line when trading resumes today, after Europe refrained from providing another stimulus while uncertainty lingers over a rate hike in the United States.

The Philippine Stock Exchange index (PSEi) may succumb to correction throughout the week, Diversified Securities, Inc. trader Aniceto K. Pangan said, pegging the bellwether’s major support at the 7,500 line.

“I believe the correction will continue, given the European Central Bank (ECB) stopped pledging stimulus at this point and the US Federal Reserve being hawkish about pursuing a rate hike this month and again in December.”

The PSEi may even touch the 7,300 mark, Mr. Pangan noted in a telephone interview, as the decision of the ECB to maintain its monetary policy and the possibility of another rate hike in the US add to investors’ valuation concerns.

“Any optimism that will come out, as long as huge enough, would trigger a technical rebound although further correction will still happen,” Mr. Pangan said, citing a possible improvement in economic data coming from China and Japan.

Online brokerage 2TradeAsia.com, meanwhile, expects the benchmark to trade within the 7,500 and 7,650 levels during the shortened trading week. Should it breach the immediate support, the index may test the 7,400 line, it said.

“Having fallen from the earlier 7,700 zone, the local mart may continue to weaken until a definite decision emerges from the Federal Reserve policy meeting. Dips however, should be taken as windows to accumulate gradually especially when political noises are taken out of the picture,” it noted in a weekly outlook.

BPI Asset Management, on the other hand, expects local stocks to slightly recover after the rebalancing of the PSEi and trade within a higher 7,540-7,865 range. Security Bank Corp. will join the 30-member index in place of Bloomberry Resorts Corp. today.

The Philippine stock market slumped for the fifth consecutive week, with the bellwether settling at 7,581.79 after shedding 225.63 points or 2.92% during the Sept. 5-9 trading period.

Analysts have seen the market’s high valuation triggering foreign investors to trim their shareholdings in local companies in the past weeks. Net selling reached P7.46 billion last week alone, shrinking year-to-date net foreign buying to P40.32 billion.

“Foreign fund outflow is becoming substantial, evidenced by the net foreign selling of P1.5 billion for the week alone. Foreign investors are shifting to invest in high-yield bonds ahead of the key Federal Reserve meeting,” 2TradeAsia.com noted in its report.

“Consequently, we see another week of volatility, especially now that the ECB decided to refrain from adding stimulus and cutting rates, triggering concerns that the central banks around the world are losing ammo in spurring the economy,” it added. — K.R.D. Mariano
Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-to-trade-lower-as-ecb-cools-stimulus-talk&id=133331
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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