Need Help? Want to Learn More?
Attend this online masterclass on the Evergreen Strategy in Trading and Investing in the Philippine Stock Market 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 7, 2022 for the following stocks:
- PLDT, Inc. (TEL)
- DMCI Holdings, Inc. (DMC)
- ACE Enexor, Inc. (ACEX)
- Security Bank Corporation (SECB)
- Jollibee Foods Corporation (JFC)
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?”
PLDT, Inc. (TEL)
Market Sentiment Index: BULLISH
10 of the 24 participating brokers, or 41.67% of all participants, registered a positive Net Amount
10 of the 24 participating brokers, or 41.67% of all participants, registered a higher Buying Average than Selling Average
24 Participating Brokers’ Buying Average: ₱1923.29555
24 Participating Brokers’ Selling Average: ₱1927.30130
3 out of 24 participants, or 12.50% of all participants, registered a 100% BUYING activity
5 out of 24 participants, or 20.83% of all participants, registered a 100% SELLING activity
DMCI Holdings, Inc. (DMC)
Market Sentiment Index: BULLISH
22 of the 34 participating brokers, or 64.71% of all participants, registered a positive Net Amount
19 of the 34 participating brokers, or 55.88% of all participants, registered a higher Buying Average than Selling Average
34 Participating Brokers’ Buying Average: ₱9.09489
34 Participating Brokers’ Selling Average: ₱9.10369
14 out of 34 participants, or 41.18% of all participants, registered a 100% BUYING activity
7 out of 34 participants, or 20.59% of all participants, registered a 100% SELLING activity
ACE Enexor, Inc. (ACEX)
Market Sentiment Index: BULLISH
25 of the 36 participating brokers, or 69.44% of all participants, registered a positive Net Amount
23 of the 36 participating brokers, or 63.89% of all participants, registered a higher Buying Average than Selling Average
36 Participating Brokers’ Buying Average: ₱9.75719
36 Participating Brokers’ Selling Average: ₱9.77819
16 out of 36 participants, or 44.44% of all participants, registered a 100% BUYING activity
8 out of 36 participants, or 22.22% of all participants, registered a 100% SELLING activity
Security Bank Corporation (SECB)
Market Sentiment Index: BULLISH
36 of the 53 participating brokers, or 67.92% of all participants, registered a positive Net Amount
34 of the 53 participating brokers, or 64.15% of all participants, registered a higher Buying Average than Selling Average
53 Participating Brokers’ Buying Average: ₱88.48180
53 Participating Brokers’ Selling Average: ₱88.98552
28 out of 53 participants, or 52.83% of all participants, registered a 100% BUYING activity
6 out of 53 participants, or 11.32% of all participants, registered a 100% SELLING activity
Jollibee Foods Corporation (JFC)
Market Sentiment Index: BULLISH
28 of the 39 participating brokers, or 71.79% of all participants, registered a positive Net Amount
20 of the 39 participating brokers, or 51.28% of all participants, registered a higher Buying Average than Selling Average
39 Participating Brokers’ Buying Average: ₱203.42989
39 Participating Brokers’ Selling Average: ₱203.67051
11 out of 39 participants, or 28.21% of all participants, registered a 100% BUYING activity
8 out of 39 participants, or 20.51% 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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