Market View 31 July 2009

Last trading day in July.....

Ok, all 3 major US indices surged higher, but if look
closer at their intra-day chart, they closed near to the
day low, which is not a bright sign. We will have Chevron
& The Washington Post reporting their earnings tonight.

Our local market surged after the lunch break again yesterday,
and the Hot stocks did stage a good surge, and some readers
may have profited heavily from Straits Asia wonderful charge-up.
I have to advise that any gap-up today is a good time to
clear some contra holdings, as it is very likely we will not see a
strong closing today. I was triggered by Rotary when it came into the 80cts region,
and I wrote about it in my other blog yesterday, and it did
surged higher and closed above $1 within days. I noticed that
First Resources has also came into the region, and we have Mermaid
Meritime at 76.5cts, very near to the region. I will be watching them
closely.

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, Rotary, First Resources, Mermaid.

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