In this article, I’ll tell you the Market Sentiment Index rating for the following bluechip or index stocks for the entire month of August 2022.
- San Miguel Corporation
- SM Prime Holdings
- PLDT
- Universal Robina Corporation
- Wilcon Depot
Before we dive deep into the data, I need to tell you first the rationale for using my Market Sentiment Index. This is my proprietary indicator. I invented it. No one else can explain it better than I do.
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 realize 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?”
Now you’re ready to see the Market Sentiment Index rating for the stocks I mentioned above!
San Miguel Corporation
Market Sentiment Index: BULLISH
51 of the 82 participating brokers, or 62.20% of all participants, registered a positive Net Amount
40 of the 82 participating brokers, or 48.78% of all participants, registered a higher Buying Average than Selling Average
82 Participating Brokers’ Buying Average: ₱100.30584
82 Participating Brokers’ Selling Average: ₱101.29774
20 out of 82 participants, or 24.39% of all participants, registered a 100% BUYING activity
3 out of 82 participants, or 3.66% of all participants, registered a 100% SELLING activity
SM Prime Holdings
Market Sentiment Index: BEARISH
32 of the 85 participating brokers, or 37.65% of all participants, registered a positive Net Amount
19 of the 85 participating brokers, or 22.35% of all participants, registered a higher Buying Average than Selling Average
85 Participating Brokers’ Buying Average: ₱37.02683
85 Participating Brokers’ Selling Average: ₱37.48967
4 out of 85 participants, or 4.71% of all participants, registered a 100% BUYING activity
12 out of 85 participants, or 14.12% of all participants, registered a 100% SELLING activity
PLDT
Market Sentiment Index: BULLISH
54 of the 93 participating brokers, or 58.06% of all participants, registered a positive Net Amount
36 of the 93 participating brokers, or 38.71% of all participants, registered a higher Buying Average than Selling Average
93 Participating Brokers’ Buying Average: ₱1727.65736
93 Participating Brokers’ Selling Average: ₱1742.22484
11 out of 93 participants, or 11.83% of all participants, registered a 100% BUYING activity
6 out of 93 participants, or 6.45% of all participants, registered a 100% SELLING activity
Universal Robina Corporation
Market Sentiment Index: BEARISH
20 of the 85 participating brokers, or 23.53% of all participants, registered a positive Net Amount
32 of the 85 participating brokers, or 37.65% of all participants, registered a higher Buying Average than Selling Average
85 Participating Brokers’ Buying Average: ₱122.73634
85 Participating Brokers’ Selling Average: ₱122.92592
2 out of 85 participants, or 2.35% of all participants, registered a 100% BUYING activity
19 out of 85 participants, or 22.35% of all participants, registered a 100% SELLING activity
Wilcon Depot
Market Sentiment Index: BEARISH
18 of the 73 participating brokers, or 24.66% of all participants, registered a positive Net Amount
19 of the 73 participating brokers, or 26.03% of all participants, registered a higher Buying Average than Selling Average
73 Participating Brokers’ Buying Average: ₱29.15170
73 Participating Brokers’ Selling Average: ₱29.37168
5 out of 73 participants, or 6.85% of all participants, registered a 100% BUYING activity
21 out of 73 participants, or 28.77% of all participants, registered a 100% SELLING activity
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