Market View 18 June 2009

Uncle Sam closed mixed on banks downgraded
and weak profit forecasts...whatever. Our market
were also mixed yesterday, with the blue chips
down, but a couple of the Hot stocks continued to
move north. Nothing but past history.....

Is the selling over?
When can we see the pool of greens again?
I wish I knew the answer all along, but sadly,
I don't :-(
I just have to keep on follow the market and
individual stock trend, and it is enough for me.
Some stocks are still green despite the rest in
a pool of reds, these are the "stronger" stocks,
and good trading candidate.
Frankly, the selling is not that fast and furious,
and most stocks were only down bits from their
recent surges. I actually hope for a more severe
selling, but the supporting hands are strong.
I will just have to follow the script.

Stocks tried to rebound yesterday and nearly did
so but failed at the last few hours, and I believe
there are more trapped and stuck on top of the
price range, and it will get ugly if the south wind
continues throughout their contra period, and
they have simply no intention of cutting losses.

It is likely we will see another mixed trading today
before the sky is clear. We may see further selling
and consolidation playing tug-of-war, and the winner
will be revealed..... right after the commercial..... HaHa...
To be frank, if you want to trade, follow the greens,
or else, just stay out and enjoy the show from the fence.

Trade those still Hot (Green) stocks but be cautious
of south wind.
Follow the Flow, but expect the Unexpected.
I will be trading today on the still-hot stocks,
but a selldown is still welcomed.
Concentrate on the GREEN (If Available, but prepared)
Hot stocks: Straits Asia, Midas, Olam, Ezra, Ezion, KS Tech,
Cosco,YZJ, Indo Agri, Noble, NOL, Genting, Ascendas India Trust,
Yanlord & Uniasia, Raffles Edu, Swiber, Swissco.
Yanlord is in the news as it plans to raise up to S$604 million
through issue of new shares and convertible bonds, take note.

Enter any position with 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