The December 6 Report

Market Commentary

Yowza! Our market is burning hot! We've breached 3,700 to settle at 3,733. We ended the day 85 points up (+2.34%). However this was a bit toned down as we were actually up a hundred points in mid-trading day. I hope the market doesn't burn out soon, but a healthy correction is always a welcome treat. It allows people to get in again. Bullish again? Or Bull shit?

Just be on your toes. Remember, we're not in a bull market anymore. We've just gone past the consolidation phase so it remains to be seen if this is going to be another sustained bull run.

I'm not going to ruin the moment though so let's get down to it:

77 stocks up, 29 down, 60 unchanged. Total trades today were 12,962. (I'll be including this detail from now on.). Two new 52-wk highs were PEP and MWC. Yesterday about the same number of stocks were up, so it's probable that today's UP shares were the same as yesterday's.

The ff boosted the index today: TEL, AC, BPI and of course MER. Do you know that MER had total trades of 931???? Compare that with PEP: 698, MWC: 171. They're a study in contrast.

Active stock was still ALI 16.50 (+1.54%)
Top Gainer was JTH 37.50 (+50%)
Top Loser was VVT 1.20 (-40%)

Today's volume: 3,312,763,186
Value is 5,203,024,000

* All values are based from Technistock.

Foreign Houses:
DEU -251M (KJ!!!!!!!!!!!!)
CLSA +58M
MACQ +170M
JPM +183M
UBS +39M
ABN +80M
DBP -78M
PEP -11M

Net foreign buying! Are happy days back? Hope so! Even for just the next [less than] 20 trading days!

STOCK

Well, let's look at our observation of LC yesterday. LC closed at 0.55, while B shares closed at 0.59. Deutsche bought a lot of both shares at the run off. Hold your buying decision on this, and if you've already bought in earlier, might be good to unload and monitor it with your cash hoard.

PA - well it corrected weaker to 0.245. RSI divergence confirmation? We'll see tomorrow if the this is the start of a downhill trend.

AJO retraced some of its gains to fall to an intraday low of 0.13. However there the bulls on this stock came roaring back and caused it to close flat. Tomorrow should be an interesting day for this stock. Weekend factor or bullish factor? Abangan!

PEP. It did a new 52 week high. Trading books around will tell you this is a good sign.

STUCK

TBGI. I bought some shares. I'm just intrigued this hasn't fallen prey to previous weeks' dog days. Let's see if this flies. I only bought a negligible amount of shares. Just testing it out.

AT. Nuff said.

SUCK

VLL. On a day that the market was up 2%, VLL decides to close flat.

Lopez stocks might take a breather soon, be wary.