The December 13 Report

Market Commentary - December 13

Today's market was similar in likeness to the DOW as of late. We seesawed from 22 points up to just 4 points, then closed up 20 points again. There were only a few volume today, and the big headline was the successful bidding out of the Transco franchise.

The FED cut its rate by 25bps so the DOW closed down over 200 points the other night. Our market was not spared the same yesterday but surprised me with a strong and resilient market when we closed at 3,600. Folks, 3,600 looks to be a strong support. We've come from two bombing incidents, one coup attempt, and endless corruption scandals, but our market seems to have matured and has taken aside political noise.

We're already into week 2 of the last month of 2007. Analysts predicted a close of between 3,800 to 4,000 for the year, but that was back in Q1. Let's see how we close out the year. More than half of US economists are predicting that the US will head into a recession. I have a friend who works in a call center and she told me that she's having difficulty closing some sales. That's got me worried.

I hope Chairman Fitz Aclan's theory of a decoupling of Asian equities from the US would happen. Otherwise, we'll see strong signs of bearishness heading into Q1 2008.

Today's volume was lackadaisical, to say the least.

55 stocks up, 55 down, 65 unchanged. Total trades today were a lowly 7,855. Two new 52-wk high : CA. MFIN. 52 Wk low PRIM, TELL, TELM

Active stock was still SCC 43.00 (+07.5%)
Top Gainer was BRN 2.12 (+49.3%). More on this later.
Top Loser was AB 9.00 (-18.18%) that's for Atok-Big Wedge Company "A". I really think the name sounds funny, what with the wedge and all.

Today's volume: 1,374,742,485
Value is 4,757,599,000

* All values are based from Technistock.

Foreign Houses:
DEU +61M
CLSA -128M (2nd selling day)
MACQ -65M (2nd selling day)
JPM -64M (2nd selling day)
UBS +127M (2nd buying day)
ABN -130M (2nd selling day)
DBP +36M (2nd buying day)
PEP -10 M

Foreign Selling here. UBS still buying TEL, BPC. They've switched to buying GLO and AC (after selling it Tuesday). And also bought some shares of PLTL.


STOCK

I'm still serious - It's advisable to stay liquid for now. If you plan to trade, make a day trade.

I was able to day trade RLT today.

BRN didn't even try to open higher, it just zoomed up to ceiling on opening. All shares that were related to it somehow, moved - RLT, V (my suspicion). PX might also move tomorrow. Check it out. However the biggest surprise for me is SMC. The loser in the Transco bid looked as if they were the ones who won.

I made a list of stocks to put on the radar last week. So far, here's the scorecard:

MUSX - successfully traded. Bought 2.08 sold 2.14. Small gain, but a gain is a gain.
DIZ - successfully traded. Day traded yesterday.
DFNN - Successfully daytraded Wednesday
Lopez Stocks - still on my radar. I'm hot on BPC. It's just waiting for MER to move.
PX - looks like an ascending triangle. Fed rate cut, gold hedge, BRN play.
GEO/MIC - GEO sucks, but MIC is still strong at 6.90.

Two lousy IPOs - SPH and T are having a short consolidation phase. Watch where they will move to next.

Look at BRN tomorrow if it still goes up ceiling. The chart looks so risky I can't recommend this. But look to tsupita on RLT or V.

LR - stock that broke out today. Monitor this tomorrow.

STUCK

All the other stucks not worth mentioning here. Blue cheaps are still affiliated with this list.

SUCK

I recant on CMT. From what I'm seeing , foreigners are dumping property stocks. I also saw EEI being dumped. CMT is not the stock to be in right now.

Some Angping stocks like GEO, DIZ.