Market View 14 July 2009

Ok, I said before, We need Surprises, and indeed
we got one today. Our market sunk 41 points yesterday
in anticipation of a weaker closing in Uncle Sam indices.
But guess what, financial stocks were buoyed by
analyst's comment and Goldman Sachs' upgrade,
and Dow managed to close 185 points higher, while
Nasdaq and S&P 500 also surged more than 2%.

Adding to today's trading mood is an upgrade by the the
government which revised its 2009 GDP contraction forecast
range to between 4% and 6%, compared with a previous range
of a 6%-9% decline. The government also warned that economic
conditions will remain challenging given continued weakness in
global economic conditions. Technically we are out of the recession,
but it is not as rosy worldwide........

It was a pool of blood in our market yesterday, with most
Hot stocks battered down to close near day-low, with
Midas the still-strong standing in the bloodshed.
For today's trading, the "obvious" direction is up,
but it will not be a one-way road to the closing bell.
There will still be sell-down as there are still uncertainties
and directionless trends in the market.

I will stick to the stronger stocks for today's trading, and
they are Midas, Ezra, Genting, Straits Asia, while keeping
a watchful eye in the commodities stocks and the rest
of the Hot stocks. I am prepared to take a quick profits/loss
if the wind is unfavourable.

Trade those still Hot (if available Green) stocks but be cautious
of south wind.
Follow the Flow, but expect the Unexpected.
I will STILL be trading light today on the still-hot stocks.
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.

Enter any position with a Cut-loss level & 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