Market View 11 May 2009

It is another fresh trading week, and after
having a great wonderful past trading weeks,
what can we expect of this week's trading?

I have seen multiple line of resistances from
the index and a couple of stocks being breached
in days and sometimes, even shorter period.
The current "bullish" momentum is strong,
and it seems that it don't know when to stop
or pause, unless it hit a hard concrete wall.

All sort of news recently had been interpreted as
good news, or have been already factored into the
market and stocks, so it seems we are likely to see
further surges in the coming days, but always expect
the unexpected, and be ready and prepared for the
sudden south wind.

The possible and probable market sensitive bad news
maybe due to further H1N1 flu spread and fatality,
and mutation of the flu virus, and it landed on our
shore. Also be wary and prepared for the consumer
index from Uncle Sam on wednesday night, which
might impact the market movement.
Another trading possibility is that the recent market
players, institutions decided to call the recent surge
quit, and start to sell into the market, and take
quick and huge profits.
These are possible scenarios, and it is always important
to be ready for anything.

I received an email and blog comment on friday from
a mailing list and also a blog reader congratulated me
for my winning stock picks, which are the main market
movers with the most profits and range. But sad to hear
that he never went in any stocks, and missed all the
possible HUGE gains.
It is Ok to miss the recent surge, as it is really fast
and furious, and in a extreme short burst, many stocks
have shot through the roof, and rally like there are no
tomorrow.
Luckily for us, there are still many "tomorrows", and
we still have plentiful trading opportunities this year
and next, and so on.... As long as the market is open,
there are money-making opportunities, so no worries.
I believe it will be better to read my blog before the
market opens, and be ready for tough trading ahead.

Some stocks will still be in focus today and this week,
like Sembmarine, and the sector stocks. As I am writing
now, I saw 4 foreign brokerages, JP Morgan, UBS,
Deutsche Bank & Nomura raised their target price for
SembMarine while RBS downgraded the stock to Sell.
It will be an interesting day for it, and the sector today
and this week.

Frankly, I still would like see some further profit-taking
and selling to take place in the market, as as usual,
I will still follow Mr Market's script and follow the
green stocks as they continue to climb up the ladder.
I will be concentrating my trade on the Hot stocks: Ezra,
Cosco,Straits Asia, Indo Agri, Noble, NOL, Olam, SembMarine,
Yanlord & Uniasia, Raffles Edu, Midas, Swiber.
Many of these stocks are staring at >100% if you entered
them lately, and even higher profits if it is in your
portfolio at the beginning of the year or even earlier.

As usual, enter a position will a Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.

If you have Skype, and would like to chat with me
about stocks and all others,you can ring me at
my email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!

市场生存座右铭: 风林火山