Market View 30 July 2009

An interesting thing happened yesterday.
STI nearly did an amazing coincidence in its
closing of 2604 narrowly missed yesterday
4D 1st prize of 2606. Haha, if not the WanBao
and XinMing can write the article for many days.

Ok, back to the market news...
The 3 major indices in US fell on falling oil price
and US factory order figure, but to me, it is
purely profit-taking after a long winning streak.
We will have Kellogg, Sony & Walt Disney reporting
their earning today.

On our local front....
Our market did an roller-coaster ride yesterday,
and closed way above day low, although still in the red.
Most Hot stocks were off the high and were red, as what
I have expected in the blog yesterday. I can only see
2 Hot stocks, Ezra & IndoAgri in the green, and you should
know now that I like to see and will follow the greens
in a pool of reds. We are likely to see a repeat of
yesterday's showing today. Stay on the sideline to watch
the show if you want, or else look for the green shoots.
Seriously speaking, I would like the profit-taking and
selling to acclerate, but I believe the supporting hand
will be around, as history repeat itself again, in
our last consolidation. I received an interestingly shocking
phone call from an old friend in NS asking what stock to buy
currently. What else can I tell him? Are you getting the message?

I am cautious now, and will take profits once the south
wind is blowing.
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