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- 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 data as of July 26, 2022 for the following stocks:
- Semirara Mining and Power Corporation (SCC)
- BDO Unibank (BDO)
- Globe Telecom (GLO)
- Universal Robina Corporation (URC)
- Int’l Container Terminal Services (ICT)
Semirara Mining and Power Corporation (SCC)
Market Sentiment Index: BEARISH
20 of the 57 participating brokers, or 35.09% of all participants, registered a positive Net Amount
17 of the 57 participating brokers, or 29.82% of all participants, registered a higher Buying Average than Selling Average
57 Participating Brokers’ Buying Average: ₱41.39540
57 Participating Brokers’ Selling Average: ₱41.47175
6 out of 57 participants, or 10.53% of all participants, registered a 100% BUYING activity
24 out of 57 participants, or 42.11% of all participants, registered a 100% SELLING activity
BDO Unibank (BDO)
Market Sentiment Index: BULLISH
21 of the 37 participating brokers, or 56.76% of all participants, registered a positive Net Amount
20 of the 37 participating brokers, or 54.05% of all participants, registered a higher Buying Average than Selling Average
37 Participating Brokers’ Buying Average: ₱114.91437
37 Participating Brokers’ Selling Average: ₱115.18672
13 out of 37 participants, or 35.14% of all participants, registered a 100% BUYING activity
6 out of 37 participants, or 16.22% of all participants, registered a 100% SELLING activity
Globe Telecom (GLO)
Market Sentiment Index: BULLISH
38 of the 50 participating brokers, or 76.00% of all participants, registered a positive Net Amount
34 of the 50 participating brokers, or 68.00% of all participants, registered a higher Buying Average than Selling Average
50 Participating Brokers’ Buying Average: ₱2090.00385
50 Participating Brokers’ Selling Average: ₱2095.22938
26 out of 50 participants, or 52.00% of all participants, registered a 100% BUYING activity
3 out of 50 participants, or 6.00% of all participants, registered a 100% SELLING activity
Universal Robina Corporation (URC)
Market Sentiment Index: BULLISH
36 of the 45 participating brokers, or 80.00% of all participants, registered a positive Net Amount
34 of the 45 participating brokers, or 75.56% of all participants, registered a higher Buying Average than Selling Average
45 Participating Brokers’ Buying Average: ₱109.50125
45 Participating Brokers’ Selling Average: ₱109.48328
27 out of 45 participants, or 60.00% of all participants, registered a 100% BUYING activity
4 out of 45 participants, or 8.89% of all participants, registered a 100% SELLING activity
Int’l Container Terminal Services (ICT)
Market Sentiment Index: BULLISH
11 of the 36 participating brokers, or 30.56% of all participants, registered a positive Net Amount
12 of the 36 participating brokers, or 33.33% of all participants, registered a higher Buying Average than Selling Average
36 Participating Brokers’ Buying Average: ₱184.43481
36 Participating Brokers’ Selling Average: ₱186.03899
7 out of 36 participants, or 19.44% of all participants, registered a 100% BUYING activity
15 out of 36 participants, or 41.67% of all participants, registered a 100% SELLING activity
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?”
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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