Today, I will tell you the mood of the top 10 brokers based on their end-of-day, week-to-date, and month-to-date sentiments for the following stocks:
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LT Group, Inc. (LTG)
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Megaworld Corporation (MEG)
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Converge ICT Solutions, Inc. (CNVRG)
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Solar Philippines Nueva Ecija Corp. (SPNEC)
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Citicore Energy REIT Corp. (CREIT)
I am presenting to you the Market Sentiment Index of each of these five stocks in three timeframes because I know that not all traders or investors refer to the daily chart only. Some of you refer to the weekly and monthly statistics.
Why did I create my proprietary Market Sentiment Index indicator?
I am using my proprietary Market Sentiment Index (MSI) to identify the overall mood of the top 10 brokers.
I want you to understand that my Market Sentiment Index is not a determiner of trend but sentiment.
I use this chart on several occasions. Here are some examples of its usage.
Scenario 1
Let’s say the stock is still moving above your trailing stop loss. All other indicators you check are bullish.
You want to top up but you saw a huge Net Foreign Selling. Now you’re half-hearted to continue your plan to top up even though your other indicators are bullish just because you saw that the foreign fundies are bearish.
However, you saw that the Market Sentiment Index of the stock is bullish. That means the majority of the top 10 brokers bought the dips.
Doesn’t that give you the confidence to top up, too?
Scenario 2
Let’s say the stock is still trading above your trailing stop loss. However, the other indicators you monitor are bearish.
Now, you’re torn between pre-empting your trailing stop loss (selling even before it gets hit) and respecting it (sell only when it’s hit).
However, you see that the Market Sentiment Index is bullish.
Doesn’t that give you the confidence to hold your position because you see that the majority of the top 10 brokers are still interested in buying the dips?
Scenario 3
The stock is still trading above your trailing stop loss.
You see that the foreign investors registered a huge Net Foreign Buying.
Now, you’re asking yourself, “Does it make sense for me to top up (buy the dips) because the foreign investors are aggressively buying the dips EVEN IF the current price is not higher than the previous trading day’s opening price?”
But seeing that the Market Sentiment Index is bearish, you decided not to pursue the plan to mimic what the foreign fundies are doing.
You realized that the foreign fundies can afford to buy the major dips because they have billions in their pocket.
You realized, “Why should I hurry in buying the dips when the majority of the top 10 brokers are not even showing signs of interest yet?”
Does that data-oriented insight make sense to you?
LT Group, Inc. (LTG)
EOD – May 18, 2022
Market Sentiment Index: BULLISH
30 of the 38 participating brokers, or 78.95% of all participants, registered a positive Net Amount
26 of the 38 participating brokers, or 68.42% of all participants, registered a higher Buying Average than Selling Average
38 Participating Brokers’ Buying Average: ₱8.37890
38 Participating Brokers’ Selling Average: ₱8.38621
23 out of 38 participants, or 60.53% of all participants, registered a 100% BUYING activity
4 out of 38 participants, or 10.53% of all participants, registered a 100% SELLING activity
WTD – May 16-18, 2022
Market Sentiment Index: BULLISH
36 of the 47 participating brokers, or 76.60% of all participants, registered a positive Net Amount
38 of the 47 participating brokers, or 80.85% of all participants, registered a higher Buying Average than Selling Average
47 Participating Brokers’ Buying Average: ₱8.33160
47 Participating Brokers’ Selling Average: ₱8.30541
23 out of 47 participants, or 48.94% of all participants, registered a 100% BUYING activity
3 out of 47 participants, or 6.38% of all participants, registered a 100% SELLING activity
MTD – May 2-18, 2022
Market Sentiment Index: BULLISH
42 of the 68 participating brokers, or 61.76% of all participants, registered a positive Net Amount
37 of the 68 participating brokers, or 54.41% of all participants, registered a higher Buying Average than Selling Average
68 Participating Brokers’ Buying Average: ₱8.37552
68 Participating Brokers’ Selling Average: ₱8.40560
17 out of 68 participants, or 25.00% of all participants, registered a 100% BUYING activity
9 out of 68 participants, or 13.24% of all participants, registered a 100% SELLING activity
Megaworld Corporation (MEG)
EOD – May 18, 2022
Market Sentiment Index: BULLISH
25 of the 54 participating brokers, or 46.30% of all participants, registered a positive Net Amount
20 of the 54 participating brokers, or 37.04% of all participants, registered a higher Buying Average than Selling Average
54 Participating Brokers’ Buying Average: ₱2.74084
54 Participating Brokers’ Selling Average: ₱2.76237
12 out of 54 participants, or 22.22% of all participants, registered a 100% BUYING activity
6 out of 54 participants, or 11.11% of all participants, registered a 100% SELLING activity
WTD – May 16-18, 2022
Market Sentiment Index: BULLISH
36 of the 82 participating brokers, or 43.90% of all participants, registered a positive Net Amount
31 of the 82 participating brokers, or 37.80% of all participants, registered a higher Buying Average than Selling Average
82 Participating Brokers’ Buying Average: ₱2.66693
82 Participating Brokers’ Selling Average: ₱2.70315
14 out of 82 participants, or 17.07% of all participants, registered a 100% BUYING activity
6 out of 82 participants, or 7.32% of all participants, registered a 100% SELLING activity
MTD – May 2-18, 2022
Market Sentiment Index: BULLISH
44 of the 94 participating brokers, or 46.81% of all participants, registered a positive Net Amount
38 of the 94 participating brokers, or 40.43% of all participants, registered a higher Buying Average than Selling Average
94 Participating Brokers’ Buying Average: ₱2.70827
94 Participating Brokers’ Selling Average: ₱2.72805
17 out of 94 participants, or 18.09% of all participants, registered a 100% BUYING activity
5 out of 94 participants, or 5.32% of all participants, registered a 100% SELLING activity
Converge ICT Solutions, Inc. (CNVRG)
EOD – May 18, 2022
Market Sentiment Index: BULLISH
31 of the 53 participating brokers, or 58.49% of all participants, registered a positive Net Amount
28 of the 53 participating brokers, or 52.83% of all participants, registered a higher Buying Average than Selling Average
53 Participating Brokers’ Buying Average: ₱28.21277
53 Participating Brokers’ Selling Average: ₱28.28259
18 out of 53 participants, or 33.96% of all participants, registered a 100% BUYING activity
7 out of 53 participants, or 13.21% of all participants, registered a 100% SELLING activity
WTD – May 16-18, 2022
Market Sentiment Index: BULLISH
40 of the 73 participating brokers, or 54.79% of all participants, registered a positive Net Amount
29 of the 73 participating brokers, or 39.73% of all participants, registered a higher Buying Average than Selling Average
73 Participating Brokers’ Buying Average: ₱28.25091
73 Participating Brokers’ Selling Average: ₱28.49716
12 out of 73 participants, or 16.44% of all participants, registered a 100% BUYING activity
7 out of 73 participants, or 9.59% of all participants, registered a 100% SELLING activity
MTD – May 2-18, 2022
Market Sentiment Index: BULLISH
45 of the 100 participating brokers, or 45.00% of all participants, registered a positive Net Amount
27 of the 100 participating brokers, or 27.00% of all participants, registered a higher Buying Average than Selling Average
100 Participating Brokers’ Buying Average: ₱28.04067
100 Participating Brokers’ Selling Average: ₱28.64612
7 out of 100 participants, or 7.00% of all participants, registered a 100% BUYING activity
6 out of 100 participants, or 6.00% of all participants, registered a 100% SELLING activity
Solar Philippines Nueva Ecija Corp. (SPNEC)
EOD – May 18, 2022
Market Sentiment Index: BULLISH
19 of the 58 participating brokers, or 32.76% of all participants, registered a positive Net Amount
20 of the 58 participating brokers, or 34.48% of all participants, registered a higher Buying Average than Selling Average
58 Participating Brokers’ Buying Average: ₱1.77999
58 Participating Brokers’ Selling Average: ₱1.78498
7 out of 58 participants, or 12.07% of all participants, registered a 100% BUYING activity
25 out of 58 participants, or 43.10% of all participants, registered a 100% SELLING activity
WTD – May 16-18, 2022
Market Sentiment Index: BEARISH
25 of the 75 participating brokers, or 33.33% of all participants, registered a positive Net Amount
22 of the 75 participating brokers, or 29.33% of all participants, registered a higher Buying Average than Selling Average
75 Participating Brokers’ Buying Average: ₱1.70808
75 Participating Brokers’ Selling Average: ₱1.72949
4 out of 75 participants, or 5.33% of all participants, registered a 100% BUYING activity
22 out of 75 participants, or 29.33% of all participants, registered a 100% SELLING activity
MTD – May 2-18, 2022
Market Sentiment Index: BULLISH
30 of the 88 participating brokers, or 34.09% of all participants, registered a positive Net Amount
33 of the 88 participating brokers, or 37.50% of all participants, registered a higher Buying Average than Selling Average
88 Participating Brokers’ Buying Average: ₱1.58264
88 Participating Brokers’ Selling Average: ₱1.61302
2 out of 88 participants, or 2.27% of all participants, registered a 100% BUYING activity
13 out of 88 participants, or 14.77% of all participants, registered a 100% SELLING activity
Citicore Energy REIT Corp. (CREIT)
EOD – May 18, 2022
Market Sentiment Index: BULLISH
20 of the 28 participating brokers, or 71.43% of all participants, registered a positive Net Amount
19 of the 28 participating brokers, or 67.86% of all participants, registered a higher Buying Average than Selling Average
28 Participating Brokers’ Buying Average: ₱2.45294
28 Participating Brokers’ Selling Average: ₱2.45142
14 out of 28 participants, or 50.00% of all participants, registered a 100% BUYING activity
5 out of 28 participants, or 17.86% of all participants, registered a 100% SELLING activity
WTD – May 16-18, 2022
Market Sentiment Index: BULLISH
32 of the 48 participating brokers, or 66.67% of all participants, registered a positive Net Amount
26 of the 48 participating brokers, or 54.17% of all participants, registered a higher Buying Average than Selling Average
48 Participating Brokers’ Buying Average: ₱2.43651
48 Participating Brokers’ Selling Average: ₱2.44877
21 out of 48 participants, or 43.75% of all participants, registered a 100% BUYING activity
8 out of 48 participants, or 16.67% of all participants, registered a 100% SELLING activity
MTD – May 2-18, 2022
Market Sentiment Index: BULLISH
45 of the 73 participating brokers, or 61.64% of all participants, registered a positive Net Amount
35 of the 73 participating brokers, or 47.95% of all participants, registered a higher Buying Average than Selling Average
73 Participating Brokers’ Buying Average: ₱2.47572
73 Participating Brokers’ Selling Average: ₱2.49332
24 out of 73 participants, or 32.88% of all participants, registered a 100% BUYING activity
17 out of 73 participants, or 23.29% of all participants, registered a 100% SELLING activity
Need Help? Want to Learn More?
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- Lesson 4: how to sell with calculated risks, with more logic, and less emotion using my trailing stop calculator and 2 proprietary indicators
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