Today, I will tell you the mood of the top 10 brokers based on their end-of-day market sentiment as of closing on May 23, 2022 for the following stocks:
- Converge ICT Solutions, Inc. (CNVRG)
- Solar Philippines Nueva Ecija Corp. (SPNEC)
- Semirara Mining and Power Corporation (SCC)
- Greenergy Holdings, Inc. (GREEN)
- Apollo Global Capital, Inc. (APL)
- Boulevard Holdings, Inc. (BHI)
- DMCI Holdings, Inc. (DMC)
- LT Group, Inc. (LTG)
- AC Energy Corporation (ACEN)
- Apollo Global Capital, Inc. (APL)
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?
Converge ICT Solutions, Inc. (CNVRG)
Market Sentiment Index: BULLISH
76 of the 89 participating brokers, or 85.39% of all participants, registered a positive Net Amount
70 of the 89 participating brokers, or 78.65% of all participants, registered a higher Buying Average than Selling Average
89 Participating Brokers’ Buying Average: ₱26.84629
89 Participating Brokers’ Selling Average: ₱26.92023
47 out of 89 participants, or 52.81% of all participants, registered a 100% BUYING activity
3 out of 89 participants, or 3.37% of all participants, registered a 100% SELLING activity
Solar Philippines Nueva Ecija Corp. (SPNEC)
Market Sentiment Index: BULLISH
17 of the 44 participating brokers, or 38.64% of all participants, registered a positive Net Amount
17 of the 44 participating brokers, or 38.64% of all participants, registered a higher Buying Average than Selling Average
44 Participating Brokers’ Buying Average: ₱1.80237
44 Participating Brokers’ Selling Average: ₱1.80223
6 out of 44 participants, or 13.64% of all participants, registered a 100% BUYING activity
19 out of 44 participants, or 43.18% of all participants, registered a 100% SELLING activity
Semirara Mining and Power Corporation (SCC)
Market Sentiment Index: BULLISH
33 of the 64 participating brokers, or 51.56% of all participants, registered a positive Net Amount
24 of the 64 participating brokers, or 37.50% of all participants, registered a higher Buying Average than Selling Average
64 Participating Brokers’ Buying Average: ₱32.93403
64 Participating Brokers’ Selling Average: ₱33.06823
15 out of 64 participants, or 23.44% of all participants, registered a 100% BUYING activity
20 out of 64 participants, or 31.25% of all participants, registered a 100% SELLING activity
Greenergy Holdings, Inc. (GREEN)
Market Sentiment Index: BULLISH
13 of the 33 participating brokers, or 39.39% of all participants, registered a positive Net Amount
16 of the 33 participating brokers, or 48.48% of all participants, registered a higher Buying Average than Selling Average
33 Participating Brokers’ Buying Average: ₱1.67364
33 Participating Brokers’ Selling Average: ₱1.65890
8 out of 33 participants, or 24.24% of all participants, registered a 100% BUYING activity
11 out of 33 participants, or 33.33% of all participants, registered a 100% SELLING activity
Apollo Global Capital, Inc. (APL)
Market Sentiment Index: BULLISH
18 of the 34 participating brokers, or 52.94% of all participants, registered a positive Net Amount
17 of the 34 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
34 Participating Brokers’ Buying Average: ₱0.04776
34 Participating Brokers’ Selling Average: ₱0.04779
9 out of 34 participants, or 26.47% of all participants, registered a 100% BUYING activity
9 out of 34 participants, or 26.47% of all participants, registered a 100% SELLING activity
Boulevard Holdings, Inc. (BHI)
Market Sentiment Index: BULLISH
25 of the 48 participating brokers, or 52.08% of all participants, registered a positive Net Amount
22 of the 48 participating brokers, or 45.83% of all participants, registered a higher Buying Average than Selling Average
48 Participating Brokers’ Buying Average: ₱0.10376
48 Participating Brokers’ Selling Average: ₱0.10444
11 out of 48 participants, or 22.92% of all participants, registered a 100% BUYING activity
12 out of 48 participants, or 25.00% of all participants, registered a 100% SELLING activity
DMCI Holdings, Inc. (DMC)
Market Sentiment Index: BULLISH
20 of the 43 participating brokers, or 46.51% of all participants, registered a positive Net Amount
23 of the 43 participating brokers, or 53.49% of all participants, registered a higher Buying Average than Selling Average
43 Participating Brokers’ Buying Average: ₱8.92626
43 Participating Brokers’ Selling Average: ₱8.93576
9 out of 43 participants, or 20.93% of all participants, registered a 100% BUYING activity
11 out of 43 participants, or 25.58% of all participants, registered a 100% SELLING activity
LT Group, Inc. (LTG)
Market Sentiment Index: BULLISH
20 of the 36 participating brokers, or 55.56% of all participants, registered a positive Net Amount
16 of the 36 participating brokers, or 44.44% of all participants, registered a higher Buying Average than Selling Average
36 Participating Brokers’ Buying Average: ₱8.63627
36 Participating Brokers’ Selling Average: ₱8.68206
11 out of 36 participants, or 30.56% of all participants, registered a 100% BUYING activity
12 out of 36 participants, or 33.33% of all participants, registered a 100% SELLING activity
AC Energy Corporation (ACEN)
Market Sentiment Index: BULLISH
27 of the 42 participating brokers, or 64.29% of all participants, registered a positive Net Amount
24 of the 42 participating brokers, or 57.14% of all participants, registered a higher Buying Average than Selling Average
42 Participating Brokers’ Buying Average: ₱7.11620
42 Participating Brokers’ Selling Average: ₱7.11427
14 out of 42 participants, or 33.33% of all participants, registered a 100% BUYING activity
10 out of 42 participants, or 23.81% of all participants, registered a 100% SELLING activity
Apollo Global Capital, Inc. (APL)
Market Sentiment Index: BULLISH
18 of the 34 participating brokers, or 52.94% of all participants, registered a positive Net Amount
17 of the 34 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
34 Participating Brokers’ Buying Average: ₱0.04776
34 Participating Brokers’ Selling Average: ₱0.04779
9 out of 34 participants, or 26.47% of all participants, registered a 100% BUYING activity
9 out of 34 participants, or 26.47% of all participants, registered a 100% SELLING activity
Ayala Corporation (AC)
Market Sentiment Index: BULLISH
35 of the 51 participating brokers, or 68.63% of all participants, registered a positive Net Amount
31 of the 51 participating brokers, or 60.78% of all participants, registered a higher Buying Average than Selling Average
51 Participating Brokers’ Buying Average: ₱683.37441
51 Participating Brokers’ Selling Average: ₱683.30028
24 out of 51 participants, or 47.06% of all participants, registered a 100% BUYING activity
7 out of 51 participants, or 13.73% of all participants, registered a 100% SELLING activity
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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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