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 end-of-day market sentiment as of closing on May 26, 2022 for the following stocks:
- DITO CME Holdings Corp. (DITO)
- Jollibee Foods Corporation (JFC)
- Converge ICT Solutions, Inc. (CNVRG)
- AC Energy Corporation (ACEN)
- Solar Philippines Nueva Ecija Corp. (SPNEC)
- Semirara Mining and Power Corporation (SCC)
- Int’l Container Terminal Services, Inc. (ICT)
- DDMP REIT, Inc. (DDMPR)
- MerryMart Consumer Corp. (MM)
- Basic Energy Corporation (BSC)
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?
DITO CME Holdings Corp. (DITO)
Market Sentiment Index: BULLISH
23 of the 43 participating brokers, or 53.49% of all participants, registered a positive Net Amount
20 of the 43 participating brokers, or 46.51% of all participants, registered a higher Buying Average than Selling Average
43 Participating Brokers’ Buying Average: ₱4.55811
43 Participating Brokers’ Selling Average: ₱4.57218
14 out of 43 participants, or 32.56% of all participants, registered a 100% BUYING activity
10 out of 43 participants, or 23.26% of all participants, registered a 100% SELLING activity
Jollibee Foods Corporation (JFC)
Market Sentiment Index: BULLISH
18 of the 34 participating brokers, or 52.94% of all participants, registered a positive Net Amount
16 of the 34 participating brokers, or 47.06% of all participants, registered a higher Buying Average than Selling Average
34 Participating Brokers’ Buying Average: ₱211.78887
34 Participating Brokers’ Selling Average: ₱211.76212
11 out of 34 participants, or 32.35% of all participants, registered a 100% BUYING activity
8 out of 34 participants, or 23.53% of all participants, registered a 100% SELLING activity
Converge ICT Solutions, Inc. (CNVRG)
Market Sentiment Index: BULLISH
42 of the 67 participating brokers, or 62.69% of all participants, registered a positive Net Amount
39 of the 67 participating brokers, or 58.21% of all participants, registered a higher Buying Average than Selling Average
67 Participating Brokers’ Buying Average: ₱26.07941
67 Participating Brokers’ Selling Average: ₱26.08011
27 out of 67 participants, or 40.30% of all participants, registered a 100% BUYING activity
7 out of 67 participants, or 10.45% of all participants, registered a 100% SELLING activity
AC Energy Corporation (ACEN)
Market Sentiment Index: BULLISH
29 of the 38 participating brokers, or 76.32% of all participants, registered a positive Net Amount
23 of the 38 participating brokers, or 60.53% of all participants, registered a higher Buying Average than Selling Average
38 Participating Brokers’ Buying Average: ₱6.96317
38 Participating Brokers’ Selling Average: ₱7.00204
18 out of 38 participants, or 47.37% of all participants, registered a 100% BUYING activity
3 out of 38 participants, or 7.89% of all participants, registered a 100% SELLING activity
Solar Philippines Nueva Ecija Corp. (SPNEC)
Market Sentiment Index: BULLISH
15 of the 32 participating brokers, or 46.88% of all participants, registered a positive Net Amount
17 of the 32 participating brokers, or 53.13% of all participants, registered a higher Buying Average than Selling Average
32 Participating Brokers’ Buying Average: ₱1.79314
32 Participating Brokers’ Selling Average: ₱1.79354
6 out of 32 participants, or 18.75% of all participants, registered a 100% BUYING activity
12 out of 32 participants, or 37.50% of all participants, registered a 100% SELLING activity
Semirara Mining and Power Corporation (SCC)
Market Sentiment Index: BULLISH
25 of the 45 participating brokers, or 55.56% of all participants, registered a positive Net Amount
26 of the 45 participating brokers, or 57.78% of all participants, registered a higher Buying Average than Selling Average
45 Participating Brokers’ Buying Average: ₱32.66586
45 Participating Brokers’ Selling Average: ₱32.68612
17 out of 45 participants, or 37.78% of all participants, registered a 100% BUYING activity
8 out of 45 participants, or 17.78% of all participants, registered a 100% SELLING activity
Int’l Container Terminal Services, Inc. (ICT)
Market Sentiment Index: BEARISH
10 of the 48 participating brokers, or 20.83% of all participants, registered a positive Net Amount
12 of the 48 participating brokers, or 25.00% of all participants, registered a higher Buying Average than Selling Average
48 Participating Brokers’ Buying Average: ₱216.73150
48 Participating Brokers’ Selling Average: ₱217.71877
2 out of 48 participants, or 4.17% of all participants, registered a 100% BUYING activity
21 out of 48 participants, or 43.75% of all participants, registered a 100% SELLING activity
DDMP REIT, Inc. (DDMPR)
Market Sentiment Index: BULLISH
10 of the 17 participating brokers, or 58.82% of all participants, registered a positive Net Amount
9 of the 17 participating brokers, or 52.94% of all participants, registered a higher Buying Average than Selling Average
17 Participating Brokers’ Buying Average: ₱1.67230
17 Participating Brokers’ Selling Average: ₱1.67250
8 out of 17 participants, or 47.06% of all participants, registered a 100% BUYING activity
4 out of 17 participants, or 23.53% of all participants, registered a 100% SELLING activity
MerryMart Consumer Corp. (MM)
Market Sentiment Index: BULLISH
7 of the 14 participating brokers, or 50.00% of all participants, registered a positive Net Amount
7 of the 14 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
14 Participating Brokers’ Buying Average: ₱1.59550
14 Participating Brokers’ Selling Average: ₱1.59946
4 out of 14 participants, or 28.57% of all participants, registered a 100% BUYING activity
3 out of 14 participants, or 21.43% of all participants, registered a 100% SELLING activity
Basic Energy Corporation (BSC)
Market Sentiment Index: BEARISH
8 of the 28 participating brokers, or 28.57% of all participants, registered a positive Net Amount
5 of the 28 participating brokers, or 17.86% of all participants, registered a higher Buying Average than Selling Average
28 Participating Brokers’ Buying Average: ₱0.39443
28 Participating Brokers’ Selling Average: ₱0.39633
1 out of 28 participants, or 3.57% of all participants, registered a 100% BUYING activity
9 out of 28 participants, or 32.14% 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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