Market View 29 July 2009

Ok, I am 99% recovered, and thanks for all
the concerns, I can beat a cow to death and
eat it now, literally speaking....

Uncle Sam's major 3 indices closed mixed,
with Dow and S&P 500 down narrowly, and Nasdaq
increased 7.62 points. The waning consumer
confidence survey looks to causing a concern and
impacted the market in early trading, but the indices
managed to rebound from intra-low and closed to the good.
We will have ConocoPhillips, Sprint Nextel & Visa
reporting their earning figures tonight.

Our market surged pass the 2600 mark with strong
momentum on good earning expectation from the corporations
in the earning reporting season. But....it is only an
expectation, and the actual result may differs.
There are reports commenting that the recent
"better-than-expected" results are actually fake (read manipulated),
as the "expected results" are set at a very low level, so it is
quite normal to get a expected better result. A better way of saying,
is that most corporations reported a "not-as-bad-as-expected"
results. We can expect the same scenario to be play-out in
our local earning results as well.

I believe many readers should have profited from the past
2 weeks of volatile momentum trading, so it is time
to be cautious as the storm will eventually reach our shore again.
Many Hot stocks were off day-high yesterday, and I personally
don't like to see such a situation. If you are trading today,
stick to the greens, and have a trailing stop implemented.
If not, stay out and watch THE show.

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