Today, I will tell you the mood of the top 10 brokers based on the end-of-day and month-to-date timeframes, for the following stocks:
- Apollo Global Capital, Inc. (APL)
- Manila Mining Corporation “B” (MAB)
- Abra Mining and Industrial Corp. (AR)
- Jolliville Holdings Corporation (JOH)
- DITO CME Holdings Corp. (DITO)
- Berjaya Philippines, Inc. (BCOR)
- AC Energy Philippines, Inc. (ACEN)
- Integrated Micro-Electronics, Inc. (IMI)
- Vantage Equities, Inc. (V)
- Concrete Aggregates Corp. “A” (CA)
I am presenting to you the True Market Sentiment of each of these 10 stocks in two 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.
Apollo Global Capital, Inc.
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: ₱0.1222
Top 10 Players’ Selling Average: ₱0.1218
11 out of 66 participants, or 16.67% of all participants, registered a 100% BUYING activity
1 out of 66 participants, or 1.52% 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: ₱0.0922
Top 10 Players’ Selling Average: ₱0.0942
7 out of 92 participants, or 7.61% of all participants, registered a 100% BUYING activity
5 out of 92 participants or 5.43% of all participants registered a 100% SELLING activity
Manila Mining Corporation “B”
True Market Sentiment: BEARISH
3 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: ₱0.0108
Top 10 Players’ Selling Average: ₱0.0111
2 out of 6 participants, or 33.33% of all participants, registered a 100% BUYING activity
0 out of 6 participants, or 0.00% of all participants, registered a 100% SELLING activity
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.0110
Top 10 Players’ Selling Average: ₱0.0110
4 out of 26 participants, or 15.38% of all participants, registered a 100% BUYING activity
8 out of 26 participants or 30.77% of all participants registered a 100% SELLING activity
Abra Mining and Industrial Corp.
True Market Sentiment: BEARISH
5 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.0032
Top 10 Players’ Selling Average: ₱0.0032
5 out of 58 participants, or 8.62% of all participants, registered a 100% BUYING activity
18 out of 58 participants, or 31.03% 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: ₱0.0025
Top 10 Players’ Selling Average: ₱0.0025
4 out of 97 participants, or 4.12% of all participants, registered a 100% BUYING activity
7 out of 97 participants or 7.22% of all participants registered a 100% SELLING activity
Jolliville Holdings Corporation
True Market Sentiment: BEARISH
1 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: ₱5.7264
Top 10 Players’ Selling Average: ₱5.6289
1 out of 6 participants, or 16.67% of all participants, registered a 100% BUYING activity
4 out of 6 participants, or 66.67% 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: ₱5.1352
Top 10 Players’ Selling Average: ₱5.3643
1 out of 12 participants, or 8.33% of all participants, registered a 100% BUYING activity
5 out of 12 participants or 41.67% of all participants registered a 100% SELLING activity
DITO CME Holdings Corp.
True Market Sentiment: NEUTRAL
7 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: ₱9.2946
Top 10 Players’ Selling Average: ₱9.2857
12 out of 96 participants, or 12.50% of all participants, registered a 100% BUYING activity
18 out of 96 participants, or 18.75% 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: ₱7.9130
Top 10 Players’ Selling Average: ₱7.9033
0 out of 108 participants, or 0.00% of all participants, registered a 100% BUYING activity
5 out of 108 participants or 4.63% of all participants registered a 100% SELLING activity
Berjaya Philippines, Inc.
True Market Sentiment: NEUTRAL
4 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱5.6666
Top 10 Players’ Selling Average: ₱5.4999
1 out of 23 participants, or 4.35% of all participants, registered a 100% BUYING activity
12 out of 23 participants, or 52.17% of all participants, registered a 100% SELLING activity
True Market Sentiment: BEARISH
1 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: ₱5.1371
Top 10 Players’ Selling Average: ₱5.2060
0 out of 43 participants, or 0.00% of all participants, registered a 100% BUYING activity
14 out of 43 participants or 32.56% of all participants registered a 100% SELLING activity
AC Energy Philippines, 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: ₱7.8292
Top 10 Players’ Selling Average: ₱7.8209
5 out of 77 participants, or 6.49% of all participants, registered a 100% BUYING activity
16 out of 77 participants, or 20.78% of all participants, registered a 100% SELLING activity
True Market Sentiment: NEUTRAL
6 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱6.8434
Top 10 Players’ Selling Average: ₱6.8172
4 out of 108 participants, or 3.70% of all participants, registered a 100% BUYING activity
5 out of 108 participants or 4.63% of all participants registered a 100% SELLING activity
Integrated Micro-Electronics, Inc.
True Market Sentiment: BEARISH
4 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: ₱8.8009
Top 10 Players’ Selling Average: ₱9.0394
3 out of 34 participants, or 8.82% of all participants, registered a 100% BUYING activity
15 out of 34 participants, or 44.12% of all participants, registered a 100% SELLING activity
True Market Sentiment: NEUTRAL
8 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: ₱7.9432
Top 10 Players’ Selling Average: ₱8.0857
9 out of 73 participants, or 12.33% of all participants, registered a 100% BUYING activity
17 out of 73 participants or 23.29% of all participants registered a 100% SELLING activity
Vantage Equities, Inc.
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: ₱1.1000
Top 10 Players’ Selling Average: ₱1.1000
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: 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: ₱1.0886
Top 10 Players’ Selling Average: ₱1.0779
3 out of 9 participants, or 33.33% of all participants, registered a 100% BUYING activity
3 out of 9 participants or 33.33% of all participants registered a 100% SELLING activity
Concrete Aggregates Corp. “A”
True Market Sentiment: BEARISH
3 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: ₱54.3227
Top 10 Players’ Selling Average: ₱54.4621
2 out of 7 participants, or 28.57% of all participants, registered a 100% BUYING activity
3 out of 7 participants, or 42.86% of all participants, registered a 100% SELLING activity
True Market Sentiment: NEUTRAL
6 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱54.0237
Top 10 Players’ Selling Average: ₱54.6858
2 out of 18 participants, or 11.11% of all participants, registered a 100% BUYING activity
4 out of 18 participants or 22.22% of all participants registered a 100% SELLING activity
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