The January 16 Report

Congratulations to the holders of BRN, and BC. Those who were able to pick these up when I first mentioned this should be happier than the primarily bear infested local market. I sold my BC too soon. Instead of BRN, I focused on RLT, but it was just a day trade.

I have decided to cut my SSS report to just shorter entries. If I make a SSS report, then I'll just be cutting the wounds deeper trying to recall the day's (and just about everyday's) bloodbath.

This is certainly a bear market if you haven't already noticed, however, I am confident our market, even at its worst, will not be as bad as the market we had about a decade ago. The problem is in the United States, and although that has an effect on our local economy, we, and Asia in general has built up a mighty war chest called national reserves. In fact, our own currency is dubbed as Asia's best performing currency. This is a sharp turnaround from what we faced earlier in the century.

These are all fundamentals, albeit very basic at best. However, when the Technicals tell you don't buy, you want to find solace in the fundamental story, just so you can keep you sanity.

Sorry about yesterday, I was out. As I've said, I have focused my energies on other earning endeavors. So this is not a priority at the moment. :-)

Some stocks to take note of:

DFNN
PAX - it's been beaten black and blue and almost decomposing, but 5.80 is a very very strong support.

The January 3 Report

Market Commentary - January 3

My first report for the year! Happy New Year again folks, the bandwagontrader is back again. I'm retooling my blog so that my reports are short, crisp and to the point. I don't imagine having my fingers typing gazillion words everyday will be beneficial in the long run.

I woke up late today, by choice, given last night's horrid performance by the DOW. What a way to start the New Year! The Phisix, a slave to the DOW, fell and is hanging precariously at 3,500 - 3,501.38, down by 115 points or -3.2%. If the DOW continues its consistent nosedive, it's hello 3,300.

16 stocks up, 101 down, 30 spared. Total trades today were a lowly 6,542 with probably 90% selldowns.

New 52-wk high : none, and I'm not surprised
New 52 Wk low: AAA, BCB, TUNA

Active stock AC (-6.42%)
Top Gainer was CEU 6.40 (+16.36%)
Top Loser was PNC 4.10 (-29.31%)

Today's volume: 2,852,863,173
Value is 2,425,757,000 (amazing given the volume)

* All values are based from Technistock.

Foreign Houses:
DEU -176M
CLSA +64M
MACQ +79M
JPM +142M
UBS -48M
ABN -46M
DBP -3M
PEP -62M

Surprise surprise, net foreign BUYING? Confirm these tomorrow in the newspaper. Even if it's foreign buying, I wouldn't be surprised that this is start of the year window dressing.

STOCK...

Up On Cash.

STUCK

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

SUCK

All the blue cheaps.


Stay safe my friends. Don't go long unless these are mining stocks (which have been lackluster, even LC/B, PX, OV). Do continue to monitor gold stocks and oil stocks. Oil at 100? It's a major resistance, it'll probably correct so stocks like OV and OPM might be ripe for the bottom picking once oil corrects. OV broke out of a rut recently but OPM is near its resistance. Between the two, go for OV. This is not an endorsement though as these are very volatile times.

Look at the chart of DJIA the entire year of 2007 was like a major consolidation phase. 2008 - a continuation? Or a breakout of the consolidation?

The December 11 Report

Market Commentary - December 11

On a day that the US went up triple digits, we were DOWN by -3 points to settle at 3,672. Two views - we recently tested the 3,700 level so this pullback could be good as we don't want to breakaway from that level and just zoom up. Another view is that the [expected] FED is already priced in to the markets.

If the FED cuts by 25 bps, then we will probably see a consolidation, then kaput! Market kisses us bye bye. If they make it 50, then there'll be some more legs to the exhausted bull.

The bright side of this is that at one point we were down by 22 points, and we settled at less than that, as mentioned earlier. The index is still above 3,600.

The PSEi should review the index as TEL carries such a big load, that at a correction, it already brings down the market. A big reason why the index recovered today is that TEL recovered from an intraday low of 3,020. Imagine, TEL represents 26% of the index!!!

What with the flat market, as expected up, down and unchanged counters were almost even.

57 stocks up, 54 down, 59 unchanged. Total trades today were a lowly 7,889. One new 52-wk high : CA. 52 Wk low CAT.

Active stock was still TEL 3,050.00 (+0.49%)
Top Gainer was CA 29.00 (+48.72%), and no I don't recommend this. I mean just 4 trades???
Top Loser was CAT 3.45 (-39.71%)

Today's volume: 1,592,966,777
Value is 3,630,618,000

* All values are based from Technistock.

Foreign Houses:
DEU -40M
CLSA -138M
MACQ -164M
JPM -33M
UBS +178M
ABN -265M
DBP +2.6M
PEP +14M

Foreign Selling here. UBS bought TEL, VLL, BPC, LCB, and ALI while they sold FLI, GLO, FGEN, AC and DMC.

STOCK

It's advisable to stay liquid for now. If you plan to trade, make a day trade.

I was able to day trade CYBR today.

PA - looks to be near the support of 0.225 and 0.23. Those who bought yesterday have a 2% gain from yesterday's close of 0.23.

PEP lied low yesterday while it recovered today at 1.42. This could fly tomorrow if it doesn't fall back to the 1.34++ low levels.

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 - for monitoring as it is suspended.
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. If the FED cuts rates, and the dollar falls, expect gold
to go up. Historically, PX is the leading stock when it comes to having a gold play
GEO/MIC - still on my radar. If the FED cuts 50 points and our market responds positively,
these two could fly as they have a high correlation to the market's performance.

Also keep a close watch on CMT. It's now on a sideways movement. Two lousy IPOs - SPH and T made major moves today and are going up from a bottom.

STUCK

TBGI. Have some on stuck. If it still doesn't move this week, good riddance.
TBGI : Talagang Babay at goodbye, ipit!

AT. Welcome back to the list.

SUCK

The PSEi. Analysts, and including myself, thought that we'd track the DOW. So far, it has been anything but.