You’re missing a lot if you think it doesn’t make sense to know the prevailing mood of the top 10 brokers toward a stock.
Why?
Knowing the top 10 brokers’ mood gives you a data-driven overview if the top 10 brokers still have the interest to push the price higher.
You’re causing unnecessary stress for yourself if you’re still using intraday charts.
Why?
Can you accurately spot the price range that got the biggest volume and the highest number of trades by staring at the intraday charts?
You won’t!
How did I know?
I tried.
You know me. I cheat whenever I write or give a seminar.
What do I mean about “I cheat?”
I only write and talk about stuff I already did.
Today, I will tell you the mood of the top 10 brokers and the dominant ranges for the following stocks:
- APC Group, Inc.
- Italpinas Development Corporation
- GEOGRACE Resources Philippines, Inc.
- NiHAO Mineral Resources International, Inc.
- Ferronoux Holdings, Inc.
- Phinma Petroleum and Geothermal, Inc.
- Chelsea Logistics Holdings Corp.
- Zeus Holdings, Inc.
- Phinma Corporation
- Central Azucarera de Tarlac, Inc.
Why did I create my proprietary True Market Sentiment chart?
I am using my proprietary True Market Sentiment chart to identify the overall mood of the top 10 brokers.
I want you to understand that my True Market Sentiment chart is not a determiner of trend but sentiment.
I use this chart on several occasions. Here are some examples on how I use it depending on the situation.
Scenario 1
Let’s say the stock is still moving above your trailing stop loss. The Momentum Power Indicator is 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 the Momentum Power Indicator is bullish just because you saw that the foreign fundies are bearish.
However, you saw that the True Market Sentiment is bullish. That means the majority of the top 10 brokers bought the dips.
That gives you the confidence to pursue your plan to top up then.
Scenario 2
Let’s say the stock is still trading above your trailing stop loss. However, the Momentum Power Indicator is bearish.
Now, you’re torn between pre-empting your trailing stop loss (selling even before it gets hit) and respecting it (sell only when the TSL gets hit).
But you see that the True Market Sentiment is bullish.
That may 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 Momentum Power Indicator is bearish?”
But seeing that the True Market Sentiment 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?”
Did You Get It?
These are not the only scenarios where I use my True Market Sentiment chart. If I will write every possible scenario, I am telling you that this article can be compiled into a literal book with at least 100 pages. Let’s keep it short for now.
When the TMS is bearish, it does not mean the price should also be bearish.
When the TMS is bullish, the price doesn’t have to be bullish.
The TMS chart is not a determiner of trend but sentiment.
If you will attend The Evergreen Strategy in Trading and Investing in the Philippine Stock Market seminar, I will discuss this in detail in Lesson # 3 of the seminar.
I’ll teach you what I personally do from stock selection to buying to selling. It’s from point A to Z.
I will teach you what you will not find on Google.
Lesson 1: how to identify the best stocks to trade
Lesson 2: how to check if the current trend is more likely to continue
Lesson 3: how to know the true market sentiment
Lesson 4: how to identify a confirmed buy signal
Lesson 5: how to identify the best price range to trade
Lesson 6: how to sell more logically and less emotionally
Here’s the schedule:
- Makati – September 28, 2019
- Davao – October 26, 2019
- Cavite – November 23, 2019
- Baguio – January 25, 2020
- Pampanga – February 29, 2020
- Cebu – March 28, 2020
Why did I create my proprietary Trade-Volume Distribution chart?
- It helps me identify reversals, divergences, or false breakouts.
- It shows at a glance the prices that got the biggest volume with the highest number of trades.
- It helps me see if the majority of the volume is registered near the intraday high, intraday low, or median. The price bar at the top of the chart represents the intraday high. The price bar at the bottom represents the intraday low.
- It gives me a clue if cross trades happened at a certain price.
- This chart helps me decide where we should place our buying or selling price because we can see the prices that got the biggest volume with the highest number of trades at a glance.
Attend The Evergreen Strategy in Trading and Investing in the Philippine Stock Market seminar so you can put me to the test. Ask me to check a stock on the spot and I’ll show you right where you are seated how my proprietary methods make trading and investing a calculable and rewarding experience. Come and see.
Without further ado, here’s the true market sentiment of these 10 stocks.
- APC Group, Inc.
- Italpinas Development Corporation
- GEOGRACE Resources Philippines, Inc.
- NiHAO Mineral Resources International, Inc.
- Ferronoux Holdings, Inc.
- Phinma Petroleum and Geothermal, Inc.
- Chelsea Logistics Holdings Corp.
- Zeus Holdings, Inc.
- Phinma Corporation
- Central Azucarera de Tarlac, Inc.
APC
Last Price: 0.77
VWAP: 0.754988117
Most Traded: 0.75 – 0.76
Most Voluminous: 0.76 – 0.75
True Market Sentiment of APC as of Sep-23-2019 at 11:34AM, with a last price of 0.7700.
6 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
True Market Sentiment: NEUTRAL
Top 10 Players’ Buying Average: 0.7547
Top 10 Players’ Selling Average: 0.7537
Bonus Info:
4 out of 54 participants or 7.41% of all participants registered a 100% BUYING activity
14 out of 54 participants or 25.93% of all participants registered a 100% SELLING activity
IDC
Last Price: 7.00
VWAP: 7.008201439
Most Traded: 7.02 – 7
Most Voluminous: 6.98 – 7
True Market Sentiment of IDC as of Sep-23-2019 at 11:35AM, with a last price of 7.00.
4 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
True Market Sentiment: BEARISH
Top 10 Players’ Buying Average: 7.0019
Top 10 Players’ Selling Average: 7.0129
Bonus Info:
4 out of 22 participants or 18.18% of all participants registered a 100% BUYING activity
6 out of 22 participants or 27.27% of all participants registered a 100% SELLING activity
GEO
Last Price: 0.26
VWAP: 0.256416567
Most Traded: 0.25 – 0.26
Most Voluminous: 0.27 – 0.26
True Market Sentiment of GEO as of Sep-23-2019 at 11:37AM, with a last price of 0.2600.
5 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
True Market Sentiment: BEARISH
Top 10 Players’ Buying Average: 0.2524
Top 10 Players’ Selling Average: 0.2578
Bonus Info:
4 out of 36 participants or 11.11% of all participants registered a 100% BUYING activity
13 out of 36 participants or 36.11% of all participants registered a 100% SELLING activity
NI
Last Price: 1.19
VWAP: 1.196803045
Most Traded: 1.19 – 1.19
Most Voluminous: 1.2 – 1.19
True Market Sentiment of NI as of Sep-23-2019 at 11:37AM, with a last price of 1.1900.
2 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
True Market Sentiment: BEARISH
Top 10 Players’ Buying Average: 1.1667
Top 10 Players’ Selling Average: 1.1958
Bonus Info:
2 out of 18 participants or 11.11% of all participants registered a 100% BUYING activity
8 out of 18 participants or 44.44% of all participants registered a 100% SELLING activity
FERRO
Last Price: 5.75
VWAP: 5.782755991
Most Traded: 5.62 – 5.8
Most Voluminous: 5.74 – 5.8
True Market Sentiment of FERRO as of Sep-23-2019 at 11:39AM, with a last price of 5.7500.
5 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
True Market Sentiment: BEARISH
Top 10 Players’ Buying Average: 5.7217
Top 10 Players’ Selling Average: 5.7820
Bonus Info:
1 out of 13 participants or 7.69% of all participants registered a 100% BUYING activity
6 out of 13 participants or 46.15% of all participants registered a 100% SELLING activity
PPG
Last Price: 9.26
VWAP: 9.331229346
Most Traded: 9.34 – 9.39
Most Voluminous: 9.34 – 9.3
True Market Sentiment of PPG as of Sep-23-2019 at 11:39AM, with a last price of 9.2600.
5 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
True Market Sentiment: NEUTRAL
Top 10 Players’ Buying Average: 9.3127
Top 10 Players’ Selling Average: 9.3256
Bonus Info:
12 out of 27 participants or 44.44% of all participants registered a 100% BUYING activity
5 out of 27 participants or 18.52% of all participants registered a 100% SELLING activity
C
Last Price: 7.16
VWAP: 7.196167196
Most Traded: 7.2 – 7.18
Most Voluminous: 7.16 – 7.2
True Market Sentiment of C as of Sep-23-2019 at 11:41AM, with a last price of 7.1600.
5 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
True Market Sentiment: BEARISH
Top 10 Players’ Buying Average: 7.1979
Top 10 Players’ Selling Average: 7.2086
Bonus Info:
3 out of 17 participants or 17.65% of all participants registered a 100% BUYING activity
6 out of 17 participants or 35.29% of all participants registered a 100% SELLING activity
ZHI
Last Price: 0.25
VWAP: 0.259859223
Most Traded: 0.26 – 0.26
Most Voluminous: 0.26 – 0.26
True Market Sentiment of ZHI as of Sep-23-2019 at 11:41AM, with a last price of 0.24500.
2 of the top 10 brokers registered a positive Net Amount
2 of the top 10 brokers registered a higher Buying Average than Selling Average
True Market Sentiment: BEARISH
Top 10 Players’ Buying Average: 0.2536
Top 10 Players’ Selling Average: 0.2554
Bonus Info:
1 out of 5 participants or 20.00% of all participants registered a 100% BUYING activity
2 out of 5 participants or 40.00% of all participants registered a 100% SELLING activity
PHN
Last Price: 10.60
VWAP: 10.93747879
Most Traded: 10.84 – 10.8
Most Voluminous: 11 – 10.8
True Market Sentiment of PHN as of Sep-23-2019 at 11:43AM, with a last price of 10.600.
6 of the top 10 brokers registered a positive Net Amount
8 of the top 10 brokers registered a higher Buying Average than Selling Average
True Market Sentiment: BULLISH
Top 10 Players’ Buying Average: 10.9290
Top 10 Players’ Selling Average: 11.0110
Bonus Info:
4 out of 15 participants or 26.67% of all participants registered a 100% BUYING activity
3 out of 15 participants or 20.00% of all participants registered a 100% SELLING activity
CAT
Last Price: 18.56
VWAP: 18.2837037
Most Traded: 18.96 – 18
Most Voluminous: 18 – 18
True Market Sentiment of CAT as of Sep-23-2019 at 11:43AM, with a last price of 18.5600.
2 of the top 10 brokers registered a positive Net Amount
2 of the top 10 brokers registered a higher Buying Average than Selling Average
True Market Sentiment: BEARISH
Top 10 Players’ Buying Average: 18.1473
Top 10 Players’ Selling Average: 18.5089
Bonus Info:
1 out of 8 participants or 12.50% of all participants registered a 100% BUYING activity
6 out of 8 participants or 75.00% of all participants registered a 100% SELLING activity
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