The January 4 Report

Market Commentary - January 4

The DOW rebounded last night but only to pare down its gains. This weaker close no doubt caused our market to close weaker at 3,479, down by 22 points or -0.63%. Fears of a recession in the US have intensified due to the weaker jobs growth in December. As of press time (12:29AM Philippine Time), the DOW is already below the 13,000 mark at 12,896.

On with the show.

34 stocks up, 78 down, 43 spared. Total trades today were a lowly 6,536 with probably 90% selldowns (again).

New 52-wk high : none, and I'm not surprised
New 52 Wk low: PNC, UBP

Active stock TEL (-0.1634%)
Top Gainer was AAA 0.46 (+43.75%) , a day after dipping to its 52 week low
Top Loser was JOH 1.62 (-10.00%)

Today's volume: 2,717,144,928
Value is 2,397,779,000 (amazing given the volume)

* All values are based from Technistock.

Foreign Houses:
DEU -173M
CLSA -43M
MACQ -49M
JPM +80M (2nd net green)
UBS -37M
ABN -1.9M (wow so little)
DBP -13M
PEP -46M

I wasn't able to check whether it was net buying or selling yesterday. No time. Anyway, I don't bother to check anymore. The market is going from bad to worse to worst.

No more editing after this point.
STOCK...

Up On Cash.

STUCK

My ass to the chair and my eyes to the screen... doing nothing.

SUCK

All the blue cheaps.