Market View 3 June 2009

Yesterday most stocks close way below the day high,
and some even become bloody at closing bell.
I specifically mentioned in my blog yesterday,"I will
still be trading the market, but on a profit-taking mood,
and I have a feeling that my trailing stops will be hit today."
Indeed, I was right with the trading view.

I read a news in Strait Times which PM Lee "cautioned
against being too hasty in thinking that global economic
conditions have bottomed", "Some have even spoken
optimistically of 'green shoots,' though what's happening is
that things are turning bad not as fast as before,"
"I believe we should not be too hasty to pronounce that
the recession has bottomed or that things are getting better."

It is quite enlightening to see how our leader think of the
current economic situation as he got the macro bird's-eye view
of the whole happenings.
But even with the situation not as rosy as expected, the stock
market is still open everyday, and there will be greens and reds
aka trading opportunities all around.

It is looking to be a mixed trading day, and we will have
reds and greens around, but I still see profit-taking taking
the centre-stage today. We did not have a decent correction
for a while, and it is looking one may be brewing.
Have a clear trailing stop, and stick to it.
Trade those still Hot (Green) stocks.
Follow the Flow, but expect the Unexpected.
Concentrate on the GREEN (Available, but prepared)Hot stocks:
Olam, Ezra, KS Tech, Cosco, YZJ, Straits Asia,Indo Agri,Noble,NOL,
SembMarine, Yanlord & Uniasia, Raffles Edu, Midas, Swiber, Swissco.

I can still remember that a couple of stocks were below $1 when
I started to recommend for a BUY. Now, they are at the top-$1
and some even in the >$2 region. That is the power of stocks when
the momentum and timing is right.

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