Today, I will tell you the mood of the top 10 brokers based on the end-of-day and week-to-date timeframes, for the following stocks:
- Chemical Industries of the Phils. (CIP)
- Vulcan Industrial and Mining Corporation (VUL)
- Vitarich Corporation (VITA)
- Manila Mining Corporation “B” (MAB)
- AbaCore Capital Holdings, Inc. (ABA)
- Basic Energy Corporation (BSC)
- Security Bank Corporation (SECB)
- Vantage Equities, Inc. (V)
- Metro Pacific Investments Corporation (MPI)
- Boulevard Holdings, Inc. (BHI)
I am presenting to you the True Market Sentiment of each of these 10 stocks in three timeframes because I know that not all traders or investors refer to the daily chart. Some of you refer to the weekly or monthly statistics.
Why did I create my proprietary True Market Sentiment chart?
I am using my proprietary True Market Sentiment chart to identify the overall mood of the top 10 brokers.
I want you to understand that my True Market Sentiment chart is not a determiner of trend but sentiment.
I use this chart on several occasions. Here are some examples on how I use it depending on the situation.
Scenario 1
Let’s say the stock is still moving above your trailing stop loss. The Momentum Power Indicator is 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 the Momentum Power Indicator is bullish just because you saw that the foreign fundies are bearish.
However, you saw that the True Market Sentiment is bullish. That means the majority of the top 10 brokers bought the dips.
That gives you the confidence to pursue your plan to top up then.
Scenario 2
Let’s say the stock is still trading above your trailing stop loss. However, the Momentum Power Indicator is bearish.
Now, you’re torn between pre-empting your trailing stop loss (selling even before it gets hit) and respecting it (sell only when the TSL gets hit).
But you see that the True Market Sentiment is bullish.
That may 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 Momentum Power Indicator is bearish?”
But seeing that the True Market Sentiment 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?”
Would You Like to Learn More?
These are not the only scenarios where I use my True Market Sentiment chart. Let’s keep it short for now.
When the TMS is bearish, it does not mean the price should also be bearish.
When the TMS is bullish, the price doesn’t have to be bullish.
The TMS chart is not a determiner of trend but sentiment.
If you will subscribe to the stock market consultancy service of Equilyst Analytics, you’ll have exclusive access to the Tagalog and English versions of my online stock market course called The Evergreen Strategy in Trading and Investing in the Philippine Stock Market. I have discussed the details of the use of my True Market Sentiment in lesson number 3 of this online stock market course. I’ll teach you what I personally do from stock selection to buying and selling. I will teach you what you will not find on Google. Otherwise, it doesn’t make sense asking you to pay for this service if it’s freely available on the internet. You got it? Okay. Let’s begin.
Chemical Industries of the Phils.
True Market Sentiment: BEARISH
1 of the top 10 brokers registered a positive Net Amount
1 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱159.2000
Top 10 Players’ Selling Average: ₱158.7500
0 out of 2 participants, or 0.00% of all participants, registered a 100% BUYING activity
1 out of 2 participants, or 50.00% of all participants, registered a 100% SELLING activity
True Market Sentiment: BEARISH
2 of the top 10 brokers registered a positive Net Amount
2 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱140.7000
Top 10 Players’ Selling Average: ₱146.8167
1 out of 3 participants, or 33.33% of all participants, registered a 100% BUYING activity
1 out of 3 participants, or 33.33% of all participants, registered a 100% SELLING activity
Vulcan Industrial and Mining Corporation
True Market Sentiment: NEUTRAL
6 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱1.2497
Top 10 Players’ Selling Average: ₱1.2532
6 out of 50 participants, or 12.00% of all participants, registered a 100% BUYING activity
16 out of 50 participants, or 32.00% of all participants, registered a 100% SELLING activity
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱1.2352
Top 10 Players’ Selling Average: ₱1.2453
7 out of 53 participants, or 13.21% of all participants, registered a 100% BUYING activity
18 out of 53 participants, or 33.96% of all participants, registered a 100% SELLING activity
Vitarich Corporation
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.9908
Top 10 Players’ Selling Average: ₱0.9949
6 out of 45 participants, or 13.33% of all participants, registered a 100% BUYING activity
20 out of 45 participants, or 44.44% of all participants, registered a 100% SELLING activity
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.9760
Top 10 Players’ Selling Average: ₱0.9757
6 out of 49 participants, or 12.24% of all participants, registered a 100% BUYING activity
18 out of 49 participants, or 36.73% of all participants, registered a 100% SELLING activity
Manila Mining Corporation “B”
True Market Sentiment: BEARISH
2 of the top 10 brokers registered a positive Net Amount
1 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.0103
Top 10 Players’ Selling Average: ₱0.0103
1 out of 5 participants, or 20.00% of all participants, registered a 100% BUYING activity
2 out of 5 participants, or 40.00% of all participants, registered a 100% SELLING activity
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.0103
Top 10 Players’ Selling Average: ₱0.0101
4 out of 12 participants, or 33.33% of all participants, registered a 100% BUYING activity
6 out of 12 participants, or 50.00% of all participants, registered a 100% SELLING activity
AbaCore Capital Holdings, Inc.
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.6292
Top 10 Players’ Selling Average: ₱0.6308
4 out of 36 participants, or 11.11% of all participants, registered a 100% BUYING activity
13 out of 36 participants, or 36.11% of all participants, registered a 100% SELLING activity
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.6218
Top 10 Players’ Selling Average: ₱0.6222
7 out of 43 participants, or 16.28% of all participants, registered a 100% BUYING activity
10 out of 43 participants, or 23.26% of all participants, registered a 100% SELLING activity
Basic Energy Corporation
True Market Sentiment: BULLISH
6 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.3220
Top 10 Players’ Selling Average: ₱0.3205
9 out of 49 participants, or 18.37% of all participants, registered a 100% BUYING activity
13 out of 49 participants, or 26.53% of all participants, registered a 100% SELLING activity
True Market Sentiment: NEUTRAL
6 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.3075
Top 10 Players’ Selling Average: ₱0.3098
13 out of 68 participants, or 19.12% of all participants, registered a 100% BUYING activity
13 out of 68 participants, or 19.12% of all participants, registered a 100% SELLING activity
Security Bank Corporation
True Market Sentiment: BEARISH
5 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱129.7931
Top 10 Players’ Selling Average: ₱128.7118
5 out of 68 participants, or 7.35% of all participants, registered a 100% BUYING activity
24 out of 68 participants, or 35.29% of all participants, registered a 100% SELLING activity
True Market Sentiment: BEARISH
5 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱127.8059
Top 10 Players’ Selling Average: ₱126.6828
7 out of 77 participants, or 9.09% of all participants, registered a 100% BUYING activity
18 out of 77 participants, or 23.38% of all participants, registered a 100% SELLING activity
Vantage Equities, Inc.
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
2 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱1.1000
Top 10 Players’ Selling Average: ₱1.1000
2 out of 4 participants, or 50.00% of all participants, registered a 100% BUYING activity
1 out of 4 participants, or 25.00% of all participants, registered a 100% SELLING activity
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
2 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱1.0922
Top 10 Players’ Selling Average: ₱1.0767
2 out of 5 participants, or 40.00% of all participants, registered a 100% BUYING activity
2 out of 5 participants, or 40.00% of all participants, registered a 100% SELLING activity
Metro Pacific Investments Corporation
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱4.3980
Top 10 Players’ Selling Average: ₱4.3809
5 out of 71 participants, or 7.04% of all participants, registered a 100% BUYING activity
34 out of 71 participants, or 47.89% of all participants, registered a 100% SELLING activity
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱4.2963
Top 10 Players’ Selling Average: ₱4.3155
6 out of 78 participants, or 7.69% of all participants, registered a 100% BUYING activity
30 out of 78 participants, or 38.46% of all participants, registered a 100% SELLING activity
Boulevard Holdings, Inc.
True Market Sentiment: NEUTRAL
6 of the top 10 brokers registered a positive Net Amount
2 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.0346
Top 10 Players’ Selling Average: ₱0.0346
8 out of 25 participants, or 32.00% of all participants, registered a 100% BUYING activity
9 out of 25 participants, or 36.00% of all participants, registered a 100% SELLING activity
True Market Sentiment: BEARISH
5 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.0347
Top 10 Players’ Selling Average: ₱0.0352
16 out of 41 participants, or 39.02% of all participants, registered a 100% BUYING activity
8 out of 41 participants, or 19.51% of all participants, registered a 100% SELLING activity
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