I will tell you the mood of the top 10 brokers for the following stocks:
- BDO Unibank, Inc.
- Bloomberry Resorts Corporation
- Bank of the Philippine Islands
- DMCI Holdings, Inc.
- First Gen Corporation
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?”
Did You Get It?
These are not the only scenarios where I use my True Market Sentiment chart. If I will write every possible scenario, I am telling you that this article can be compiled into a literal book with at least 100 pages. 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 attend my The Evergreen Strategy in Trading the Philippine Stock Market seminar, I will discuss this in detail in Lesson # 3 of the seminar.
Please visit the SEMINARS page to see where and when will I be conducting this seminar. I’ll have one in Makati City this coming Saturday, August 17, 2019.
Without further ado, here’s the true market sentiment of these 5 stocks.
- BDO Unibank, Inc.
- Bloomberry Resorts Corporation
- Bank of the Philippine Islands
- DMCI Holdings, Inc.
- First Gen Corporation
BDO Unibank, Inc.
True Market Sentiment of BDO as of Aug-15-2019 at 12:00PM
4 of the top 10 brokers registered a positive Net Amount
8 of the top 10 brokers registered a higher Buying Average than Selling Average
True Market Sentiment: NEUTRAL
Top 10 Players’ Buying Average: 142.8917
Top 10 Players’ Selling Average: 142.6967
Bonus Info:
19 out of 45 participants or 42.22% of all participants registered a 100% BUYING activity
4 out of 45 participants or 8.89% of all participants registered a 100% SELLING activity
Bloomberry Resorts Corporation
True Market Sentiment of BLOOM as of Aug-15-2019 at 12:00PM
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
True Market Sentiment: BEARISH
Top 10 Players’ Buying Average: 10.7594
Top 10 Players’ Selling Average: 10.7563
Bonus Info:
17 out of 32 participants or 53.13% of all participants registered a 100% BUYING activity
4 out of 32 participants or 12.50% of all participants registered a 100% SELLING activity
Bank of the Philippine Islands
True Market Sentiment of BPI as of Aug-15-2019 at 12:00PM, with a last price of 0.00.
5 of the top 10 brokers registered a positive Net Amount
8 of the top 10 brokers registered a higher Buying Average than Selling Average
True Market Sentiment: NEUTRAL
Top 10 Players’ Buying Average: 88.7747
Top 10 Players’ Selling Average: 88.5853
Bonus Info:
21 out of 43 participants or 48.84% of all participants registered a 100% BUYING activity
7 out of 43 participants or 16.28% of all participants registered a 100% SELLING activity
DMCI Holdings, Inc.
True Market Sentiment of DMC as of Aug-15-2019 at 12:00PM, with a last price of 0.00.
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
True Market Sentiment: NEUTRAL
Top 10 Players’ Buying Average: 8.8413
Top 10 Players’ Selling Average: 8.8463
Bonus Info:
30 out of 49 participants or 61.22% of all participants registered a 100% BUYING activity
6 out of 49 participants or 12.24% of all participants registered a 100% SELLING activity
First Gen Corporation
True Market Sentiment of FGEN as of Aug-15-2019 at 12:00PM, with a last price of 0.00.
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
True Market Sentiment: BULLISH
Top 10 Players’ Buying Average: 24.9851
Top 10 Players’ Selling Average: 24.9991
Bonus Info:
9 out of 27 participants or 33.33% of all participants registered a 100% BUYING activity
5 out of 27 participants or 18.52% of all participants registered a 100% SELLING activity
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