I developed my Market Sentiment Index to know the consolidated sentiment of all brokers who traded the stock within a given period.
This is my proprietary tool. You will not find this in any stock broker’s platform.
My Market Sentiment Index indicator answers the following questions to generate a bullish or bearish overall sentiment:
1. How many participating brokers registered a positive Net Amount?
2. How many participating brokers registered a higher buying than selling average?
3. What is the buying and selling averages of all participating brokers?
4. How many of the participating brokers registered a 100% buying and selling activity?
My Market Sentiment Index indicator acts as one of the neutralizers of my data-driven sentiment.
Why did I say neutralizer?
Let’s say the other indicators of my Evergreen Strategy (my proprietary algorithm when trading and investing in the Philippine stock market) are all bullish.
If the Market Sentiment Index of the stock I’m checking is bearish, it’s a data-driven reminder for me to err on the side of caution.
How do I err on the side of caution?
It’s by closely monitoring my trailing stop.
It’s by not buying the dips when there’s no confirmed buy signal issued by my Evergreen Strategy.
It’s by trimming my losses or selling all shares at once when the Market Sentiment Index and Dominant Range Index of my stock have been bearish for 2 to 3 consecutive days even if my trailing stop is still intact (I call that pre-empting my trailing stop).
So, in this free report, I’d like to share with you the Market Sentiment Index for BDO, BPI, ALTER, ICT, and ALI as of 12:00 pm on March 24, 2023.
BDO Unibank, Inc.
Market Sentiment Index: BEARISH
12 of the 44 participating brokers, or 27.27% of all participants, registered a positive Net Amount
14 of the 44 participating brokers, or 31.82% of all participants, registered a higher Buying Average than Selling Average
44 Participating Brokers’ Buying Average: ₱125.70336
44 Participating Brokers’ Selling Average: ₱126.16986
6 out of 44 participants, or 13.64% of all participants, registered a 100% BUYING activity
20 out of 44 participants, or 45.45% of all participants, registered a 100% SELLING activity
Bank of the Philippine Islands
Market Sentiment Index: BULLISH
36 of the 49 participating brokers, or 73.47% of all participants, registered a positive Net Amount
30 of the 49 participating brokers, or 61.22% of all participants, registered a higher Buying Average than Selling Average
49 Participating Brokers’ Buying Average: ₱101.59050
49 Participating Brokers’ Selling Average: ₱102.19780
23 out of 49 participants, or 46.94% of all participants, registered a 100% BUYING activity
1 out of 49 participants, or 2.04% of all participants, registered a 100% SELLING activity
Alternergy Holdings Corporation
Market Sentiment Index: BEARISH
30 of the 66 participating brokers, or 45.45% of all participants, registered a positive Net Amount
33 of the 66 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
66 Participating Brokers’ Buying Average: ₱1.25307
66 Participating Brokers’ Selling Average: ₱1.25435
14 out of 66 participants, or 21.21% of all participants, registered a 100% BUYING activity
12 out of 66 participants, or 18.18% of all participants, registered a 100% SELLING activity
Int’l Container Terminal Services, Inc.
Market Sentiment Index: BULLISH
8 of the 39 participating brokers, or 20.51% of all participants, registered a positive Net Amount
10 of the 39 participating brokers, or 25.64% of all participants, registered a higher Buying Average than Selling Average
39 Participating Brokers’ Buying Average: ₱205.57505
39 Participating Brokers’ Selling Average: ₱205.44095
5 out of 39 participants, or 12.82% of all participants, registered a 100% BUYING activity
19 out of 39 participants, or 48.72% of all participants, registered a 100% SELLING activity
Ayala Land, Inc.
Market Sentiment Index: BULLISH
16 of the 40 participating brokers, or 40.00% of all participants, registered a positive Net Amount
19 of the 40 participating brokers, or 47.50% of all participants, registered a higher Buying Average than Selling Average
40 Participating Brokers’ Buying Average: ₱28.33904
40 Participating Brokers’ Selling Average: ₱28.28448
9 out of 40 participants, or 22.50% of all participants, registered a 100% BUYING activity
12 out of 40 participants, or 30.00% of all participants, registered a 100% SELLING activity
Hire Me as Your Private Consultant
Here’s what you’ll get if you hire me as your private consultant when trading and investing in the Philippine stock market:
- one-on-one online training with me on how you can preserve your capital, protect your gains, and prevent unbearable losses when trading and investing in the Philippine stock market
- 10 credits for you to email me your stock analysis requests
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