Market View 12 August 2009

Uncle Sam's 3 major indices fell for the
second day ahead of market-sensitive news
from Federal Reserve tonight about Interest Rate
& the finanical market. We should have a pretty
interesting session tonight.

Our market played catch-up yesterday, and
surged an auspicious 1.88% up, but still
fall shy of of the 2600 psychological level.
The Hot stocks were mixed yesterday but most
are up, and we have winners like YZJ, Genting,
IndoAgri, First Resources.

I received many emails from the blog readers
requesting for a so-called mid-day market view,
which summarise the morning action, and look
forward to the afternoon session, and to highlight
some trading opportunities that is worth a look.
I have consider this option, and decided to follow
the readers' request, and I will start the mid-day
review next Monday. Watch for it.

We should have a tough trading day as many Hot stocks
will be feeling the heat, as profit-taking and selldowns
will surface. Traders might choose to lighten their
holding ahead of important statement from the Fed tonight.
Also, seriously speaking, most Hot stocks still need
the shred off some weights, and I certainly will be looking
forward to a red pool today. But I will be looking at
those stocks near or within $1 mark with stocks like
Swiber, First Resources, YZJ, and the commodities stocks.
I have to say sorry to a few readers that although
Golden Agri surged, but it is still not in my watch (yet).
I still prefer the more "expensive" peer like IndoAgri and
First Resources, and take note that $1 is just a stone-throw
away from First Resources.

Trade those still Hot (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, Hi-P, PEC.

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