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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 6, 2022 for the following stocks:
- Raslag Corp. (ASLAG)
- AC Energy Corporation (ACEN)
- AbaCore Capital Holdings, Inc. (ABA)
- D and L Industries, Inc. (DNL)
- Apollo Global Capital, Inc. (APL)
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?”
Raslag Corp. (ASLAG)
Market Sentiment Index: BULLISH
30 of the 98 participating brokers, or 30.61% of all participants, registered a positive Net Amount
30 of the 98 participating brokers, or 30.61% of all participants, registered a higher Buying Average than Selling Average
98 Participating Brokers’ Buying Average: ₱2.19239
98 Participating Brokers’ Selling Average: ₱2.24013
1 out of 98 participants, or 1.02% of all participants, registered a 100% BUYING activity
16 out of 98 participants, or 16.33% of all participants, registered a 100% SELLING activity
AC Energy Corporation (ACEN)
Market Sentiment Index: BULLISH
17 of the 53 participating brokers, or 32.08% of all participants, registered a positive Net Amount
17 of the 53 participating brokers, or 32.08% of all participants, registered a higher Buying Average than Selling Average
53 Participating Brokers’ Buying Average: ₱7.31048
53 Participating Brokers’ Selling Average: ₱7.30028
6 out of 53 participants, or 11.32% of all participants, registered a 100% BUYING activity
26 out of 53 participants, or 49.06% of all participants, registered a 100% SELLING activity
AbaCore Capital Holdings, Inc. (ABA)
Market Sentiment Index: BEARISH
10 of the 33 participating brokers, or 30.30% of all participants, registered a positive Net Amount
9 of the 33 participating brokers, or 27.27% of all participants, registered a higher Buying Average than Selling Average
33 Participating Brokers’ Buying Average: ₱1.44661
33 Participating Brokers’ Selling Average: ₱1.44689
2 out of 33 participants, or 6.06% of all participants, registered a 100% BUYING activity
17 out of 33 participants, or 51.52% of all participants, registered a 100% SELLING activity
D and L Industries, Inc. (DNL)
Market Sentiment Index: BULLISH
17 of the 31 participating brokers, or 54.84% of all participants, registered a positive Net Amount
13 of the 31 participating brokers, or 41.94% of all participants, registered a higher Buying Average than Selling Average
31 Participating Brokers’ Buying Average: ₱6.91431
31 Participating Brokers’ Selling Average: ₱6.92776
10 out of 31 participants, or 32.26% of all participants, registered a 100% BUYING activity
12 out of 31 participants, or 38.71% of all participants, registered a 100% SELLING activity
Apollo Global Capital, Inc. (APL)
Market Sentiment Index: BULLISH
21 of the 30 participating brokers, or 70.00% of all participants, registered a positive Net Amount
16 of the 30 participating brokers, or 53.33% of all participants, registered a higher Buying Average than Selling Average
30 Participating Brokers’ Buying Average: ₱0.04347
30 Participating Brokers’ Selling Average: ₱0.04376
10 out of 30 participants, or 33.33% of all participants, registered a 100% BUYING activity
4 out of 30 participants, or 13.33% 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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