Need Help? Want to Learn More?
Attend my stock market seminar to learn the following lessons:
- Lesson 1: how to find the stocks that you should add to your watchlist
- Lesson 2: how to look for a confirmed buy signal
- Lesson 3: how to buy logically and strategically
- Lesson 4: how to sell with more logic and less emotion
Click here to register for my Evergreen Strategy in Trading and Investing in the Philippine Stock Market.
Today, I will tell you the mood of the top 10 brokers based on their prevailing market sentiment’s data as of June 2, 2022 for the following stocks:
- SPC Power Corporation (SPC)
- Union Bank of the Philippines (UBP)
- Emperador Inc. (EMP)
- DMCI Holdings, Inc. (DMC)
- DITO CME Holdings Corp. (DITO)
- Converge ICT Solutions, Inc. (CNVRG)
- Cirtek Holdings Philippines Corporation (TECH)
- PhilWeb Corporation (WEB)
- Semirara Mining and Power Corporation (SCC)
- Cirtek Holdings Phils. Corp.-Warrants (TECHW)
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?
SPC Power Corporation (SPC)
Market Sentiment Index: BULLISH
19 of the 28 participating brokers, or 67.86% of all participants, registered a positive Net Amount
17 of the 28 participating brokers, or 60.71% of all participants, registered a higher Buying Average than Selling Average
28 Participating Brokers’ Buying Average: ₱10.94976
28 Participating Brokers’ Selling Average: ₱11.29435
13 out of 28 participants, or 46.43% of all participants, registered a 100% BUYING activity
4 out of 28 participants, or 14.29% of all participants, registered a 100% SELLING activity
Union Bank of the Philippines (UBP)
Market Sentiment Index: BULLISH
12 of the 33 participating brokers, or 36.36% of all participants, registered a positive Net Amount
10 of the 33 participating brokers, or 30.30% of all participants, registered a higher Buying Average than Selling Average
33 Participating Brokers’ Buying Average: ₱82.93533
33 Participating Brokers’ Selling Average: ₱83.09160
6 out of 33 participants, or 18.18% of all participants, registered a 100% BUYING activity
17 out of 33 participants, or 51.52% of all participants, registered a 100% SELLING activity
Emperador Inc. (EMP)
Market Sentiment Index: BULLISH
11 of the 19 participating brokers, or 57.89% of all participants, registered a positive Net Amount
9 of the 19 participating brokers, or 47.37% of all participants, registered a higher Buying Average than Selling Average
19 Participating Brokers’ Buying Average: ₱17.94897
19 Participating Brokers’ Selling Average: ₱17.99161
9 out of 19 participants, or 47.37% of all participants, registered a 100% BUYING activity
4 out of 19 participants, or 21.05% of all participants, registered a 100% SELLING activity
DMCI Holdings, Inc. (DMC)
Market Sentiment Index: BULLISH
19 of the 57 participating brokers, or 33.33% of all participants, registered a positive Net Amount
22 of the 57 participating brokers, or 38.60% of all participants, registered a higher Buying Average than Selling Average
57 Participating Brokers’ Buying Average: ₱9.11367
57 Participating Brokers’ Selling Average: ₱9.13953
9 out of 57 participants, or 15.79% of all participants, registered a 100% BUYING activity
21 out of 57 participants, or 36.84% of all participants, registered a 100% SELLING activity
DITO CME Holdings Corp. (DITO)
Market Sentiment Index: BULLISH
10 of the 24 participating brokers, or 41.67% of all participants, registered a positive Net Amount
11 of the 24 participating brokers, or 45.83% of all participants, registered a higher Buying Average than Selling Average
24 Participating Brokers’ Buying Average: ₱4.53473
24 Participating Brokers’ Selling Average: ₱4.53485
7 out of 24 participants, or 29.17% of all participants, registered a 100% BUYING activity
5 out of 24 participants, or 20.83% of all participants, registered a 100% SELLING activity
Converge ICT Solutions, Inc. (CNVRG)
Market Sentiment Index: BULLISH
58 of the 79 participating brokers, or 73.42% of all participants, registered a positive Net Amount
47 of the 79 participating brokers, or 59.49% of all participants, registered a higher Buying Average than Selling Average
79 Participating Brokers’ Buying Average: ₱25.55844
79 Participating Brokers’ Selling Average: ₱25.61786
39 out of 79 participants, or 49.37% of all participants, registered a 100% BUYING activity
6 out of 79 participants, or 7.59% of all participants, registered a 100% SELLING activity
Cirtek Holdings Philippines Corporation (TECH)
Market Sentiment Index: BULLISH
7 of the 11 participating brokers, or 63.64% of all participants, registered a positive Net Amount
9 of the 11 participating brokers, or 81.82% of all participants, registered a higher Buying Average than Selling Average
11 Participating Brokers’ Buying Average: ₱2.82704
11 Participating Brokers’ Selling Average: ₱2.82078
7 out of 11 participants, or 63.64% of all participants, registered a 100% BUYING activity
0 out of 11 participants, or 0.00% of all participants, registered a 100% SELLING activity
PhilWeb Corporation (WEB)
Market Sentiment Index: BULLISH
29 of the 58 participating brokers, or 50.00% of all participants, registered a positive Net Amount
27 of the 58 participating brokers, or 46.55% of all participants, registered a higher Buying Average than Selling Average
58 Participating Brokers’ Buying Average: ₱4.04368
58 Participating Brokers’ Selling Average: ₱4.12545
18 out of 58 participants, or 31.03% of all participants, registered a 100% BUYING activity
16 out of 58 participants, or 27.59% of all participants, registered a 100% SELLING activity
Semirara Mining and Power Corporation (SCC)
Market Sentiment Index: BULLISH
25 of the 68 participating brokers, or 36.76% of all participants, registered a positive Net Amount
24 of the 68 participating brokers, or 35.29% of all participants, registered a higher Buying Average than Selling Average
68 Participating Brokers’ Buying Average: ₱35.69916
68 Participating Brokers’ Selling Average: ₱35.73967
14 out of 68 participants, or 20.59% of all participants, registered a 100% BUYING activity
24 out of 68 participants, or 35.29% of all participants, registered a 100% SELLING activity
Cirtek Holdings Phils. Corp.-Warrants (TECHW)
Market Sentiment Index: BULLISH
3 of the 5 participating brokers, or 60.00% of all participants, registered a positive Net Amount
2 of the 5 participating brokers, or 40.00% of all participants, registered a higher Buying Average than Selling Average
5 Participating Brokers’ Buying Average: ₱0.51375
5 Participating Brokers’ Selling Average: ₱0.52275
1 out of 5 participants, or 20.00% of all participants, registered a 100% BUYING activity
1 out of 5 participants, or 20.00% of all participants, registered a 100% SELLING activity
Need Help? Want to Learn More?
Attend my stock market seminar to learn the following lessons:
- Lesson 1: how to find the stocks that you should add to your watchlist
- Lesson 2: how to look for a confirmed buy signal
- Lesson 3: how to buy logically and strategically
- Lesson 4: how to sell with more logic and less emotion
Click here to register for my Evergreen Strategy in Trading and Investing in the Philippine Stock Market.
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