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 GLO, BDO, SM, JFC, and TEL as of closing on March 23, 2023.
Globe Telecom, Inc.
Market Sentiment Index: BEARISH
13 of the 49 participating brokers, or 26.53% of all participants, registered a positive Net Amount
12 of the 49 participating brokers, or 24.49% of all participants, registered a higher Buying Average than Selling Average
49 Participating Brokers’ Buying Average: ₱1832.85537
49 Participating Brokers’ Selling Average: ₱1839.12307
4 out of 49 participants, or 8.16% of all participants, registered a 100% BUYING activity
20 out of 49 participants, or 40.82% of all participants, registered a 100% SELLING activity
BDO Unibank, Inc.
Market Sentiment Index: BEARISH
33 of the 68 participating brokers, or 48.53% of all participants, registered a positive Net Amount
21 of the 68 participating brokers, or 30.88% of all participants, registered a higher Buying Average than Selling Average
68 Participating Brokers’ Buying Average: ₱123.00037
68 Participating Brokers’ Selling Average: ₱124.45391
11 out of 68 participants, or 16.18% of all participants, registered a 100% BUYING activity
9 out of 68 participants, or 13.24% of all participants, registered a 100% SELLING activity
SM Investments Corporation
Market Sentiment Index: BEARISH
21 of the 54 participating brokers, or 38.89% of all participants, registered a positive Net Amount
14 of the 54 participating brokers, or 25.93% of all participants, registered a higher Buying Average than Selling Average
54 Participating Brokers’ Buying Average: ₱895.39030
54 Participating Brokers’ Selling Average: ₱898.19632
2 out of 54 participants, or 3.70% of all participants, registered a 100% BUYING activity
14 out of 54 participants, or 25.93% of all participants, registered a 100% SELLING activity
Jollibee Foods Corporation
Market Sentiment Index: BULLISH
21 of the 37 participating brokers, or 56.76% of all participants, registered a positive Net Amount
22 of the 37 participating brokers, or 59.46% of all participants, registered a higher Buying Average than Selling Average
37 Participating Brokers’ Buying Average: ₱224.46605
37 Participating Brokers’ Selling Average: ₱224.47706
9 out of 37 participants, or 24.32% of all participants, registered a 100% BUYING activity
6 out of 37 participants, or 16.22% of all participants, registered a 100% SELLING activity
PLDT, Inc.
Market Sentiment Index: BULLISH
31 of the 49 participating brokers, or 63.27% of all participants, registered a positive Net Amount
28 of the 49 participating brokers, or 57.14% of all participants, registered a higher Buying Average than Selling Average
49 Participating Brokers’ Buying Average: ₱1363.01027
49 Participating Brokers’ Selling Average: ₱1366.37170
15 out of 49 participants, or 30.61% of all participants, registered a 100% BUYING activity
10 out of 49 participants, or 20.41% 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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