Market View 6 August 2009

Finally, Uncle Sam took a break, and all
3 major indices closed in the red after a
disappointing service sector report.
Will the downside momentum continues?
I believe it will, for a few days.
Tonight we will see Warner Music & US Cellular
reporting their earnings.

History repeat itself yesterday with the STI back
to last wednesday closing figure. If you recall
my blog posting last thursday, STI closed at 2604
just 2 point shy of Wednesday 4D first prize
number 2606. Yesterday, we closed at 2606. After one
week of trading, we are back to square one.
Interesting...

It was again a pool of red yesterday except for a few
greens like YZJ, Raffles Educations, and can I say this,
it is a much-welcomed scene. I specifically mentioned
in my blog yesterday, "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.", and indeed we will
have it for days. Yes, I will still be cautious, but I will
also be on the lookout for green shoots to pound on.
I will be focusing on those 80-99.5cts, enough for the day.

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.

Some readers emailed me to comment that my watchlist is
getting bigger. Ok, yes, they have grew big, but they
are equally Hot, and are winner in their own rights,
and I just have to "watch over" them. Some brokerages'
stock screen can allow up tp 30 stocks in their watchlist,
so it will still fit in nicely. You can choose a few of the
list to focus on if you want.


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