Market View 23 July 2009

Ok, nothing much to talk about...
Uncle Sam ended mixed with Dow and S&P 500 down slightly but Nasdaq continues its 11 days run and closed up 10 points again. Today we will have big shots like Microsoft, McDonald, Amazon, Ford Motor & Xerox reporting their earnings. We have reached the peak of the US reporting season, and the focus should be return to our local shore next.

Our market pre-drop yesterday to close in the red, with most Hot stocks follow suit to close in a pool of reds. If you did trade yesterday, you should still be making $$ before the south wind appears. We still see big winners like Straits Asia and Genting among my recommendations, and some reader should have earned a succulent profit, and should have been out because of the trailing stops being used.

Some readers asked me in Skype what will be happening to our market today, and what is the trading strategy? I told them to watch for green shoots that continue to buck the trend. It maybe another horror movie today, but they will be some Hot stocks that still will be in focus, like my 4 stocks recommended.

Trade those still Hot (if available Green) stocks but be cautious
of south wind.Follow the Flow, but expect the Unexpected.
I will be cautiously trading 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.
In close watch: Epure & Falcon Energy.

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