The February 6 Report

Happy New (Rat) Year! Kung Hei Fat Choi! God knows I'm fat...

Is this the return of my daily stock market journal? Well, it depends if I'm busy or not. So you can take my posting today as I'm not busy.

The index ended at 3,228.84, down 54 points, or 1.67% from yesterday. Let's see our neighbor's performance:

Japan -4.07%
Hong Kong -5.40%
Shanghai -1.56%
Taiwan +2.03%
S. Korea +0.38%
Thailand -2.04%
India -2.81%

As you can see, our market actually fared better, relatively. This, despite looming political uncertainty in the coming weeks. Or, you can take it another way, that the market actually cheered JDV being booted out as the Speaker.

Our market was actually down but the intraday chart of the PSEi was amazing, recovering around the 1030 AM and then settling at 3,228. The market tomorrow should zoom up, and with the DOW going up (as of now anyways), there should be enough catalyst to push the index higher.

If the Gregorian New Year failed to excite investors and traders alike, then hopefully the first day tomorrow of the Lunar calendar year would provide people with a ray of hope.

However, foreign trading activity is quite the shocker, headlined by Deutsche net selling of -462M. What? Are they bailing out of the country or something? That value was enough to gobble up the net buying of other foreign brokers. He's a real killer right? Up there with UBS ang pera mo.

Take a look at the following stocks tomorrow:

EEI - be on guard though, 3rd day of its rise
CMT
MRC

Today was sort of the day of the third liners with TUNA, CMT, MRC, hogging the ticker.

Good luck tomorrow guys. Hopefully, clear signs of decoupling does happen. I have this bad feeling though, that 1st Qtr GDP will fall below expectations. Already, the Customs fell short of their revenue take for the first month of the year. The government has to spend mega bucks sometime between now and March if they want to the GDP numbers to look handsome.

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.