Market View 5 August 2009

Ok, I will be short today as the trading day
is about to start very soon...

Uncle Sam continued to advance higher,
with the 3 major indices reversed from
early losses to close in the green.
The momentum and trend is still intact,
but one wonder for how long?
My bet is the candle is burning out soon...
We will have Cisco Systems and P&G announcing
their earnings tonight.

For our local market now...
It is quite refreshing to see a pool of reds
except for Yanlord yesterday. We need it, and
it likely we will get it for days.
I am still cautious today, and will focus on a few
stocks in particular. Swiber is once again below $1
after surging past it yesterday, I will focus on it.
Indoagri and First resources are looking to surge again.
The commodities stocks should be watched too although
they have moved up substantially.

I am adding Hi-P into my watchlist as it is the
only tech stock that I feel comfortable now.
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.

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