Market View 21 August 2009

Uncle Sam continues to move higher, and
the S&P 500 is above 1000 points again.
While the number of newly laid-off U.S. workers
filing claims for unemployment benefits rose
unexpectedly for the second straight week, the market
decided to surge on in view that the recession
has bottom-up, and a sunny weather is in sight.
I can only see dark thick cloud forming in the
US for now.....

On our local shore...
Last few day's of trading has been volatile, drastic, and
I believe for most readers, stressful but finanically rewarding.
We have come to the last trading day which I believe will
not be as rosy as yesterday. We may still start-off brightly,
but it is likely that the weather will change pretty soon.
We will see profit-taking arises from nowhere, and the Hot stocks
will lead the fall. I will trade light for today, and as usual, follow
the stops religiously. The stocks that I have mentioned can
still be focus and followed, but with a tight stop, as they were
up pretty well for this week.

Some readers asked me why was it that there were no
afternoon mid-day review yesterday. If there are some stocks
worth highlighting, or the market sentiment is changing,
then I will alert the readers, or else, I will try to rest my
eye, neck, shoulder for the period, and let my stomach do
the job. HaHa....

Yesterday blog posting received 2 comments, and they
are both much welcomed. The 2nd comment came from
Simon (from the email address), and he said that "Your evaluations
were indeed very reassuring and confidence boosting.
Appreciate very much if I could be in your mailing list too.
I think You are the most accurate analyst I've seen so far."
https://www.blogger.com/comment.g?blogID=7412460237366662615&postID=3247951184214796803
Thank you, Simon, for the encouraging words.
It really brighten up the day.
I am not an analyst. I am just a battle-hardened trader.
I have seen it all, but I am still a student infront by the
almighty Mr Market, as he can change-face very rapidly,
so I have adapt to survive in the financial jungle.
I hope my blog will provide a guide to better trading
for the readers, but as usual, the disclaimer applys. :-p

2 particular stocks caught my eye yesterday, and they
are Mermaid & CSE Global. They are in my close watch.
Trade those still Hot (Green) stocks but be very 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, CSE Global.

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