Market View 12 October 2009

Uncle Sam closed the week in a high note,
after a best closing since July. Dow closed
at 9865, up 78 points, and is at a 52-week
high, with the all-important psychlogical
mark of 10000 points a stone throw away.
The main attraction this week will be whether
the Dow can stage a surge on the support from
good corporate result by Intel, IBM, GE....
I believe it will be a great show this week.

On our local shore....
Singapore's economy continued to expand in Q3,
boosting the government's expectations for a milder
contraction for the full year than previously estimated.
GDP rose 14.9%, the first on-year increase since the
second quarter of 2008. Our government expects the
economy to post a milder contraction with the fall coming
in between 2.5% and 2.0%, narrower than a previous forecast
of a 4%-6% decline. A pretty good performance indeed.

I see that our market and the pennies will continue
to be volatile but highly trade-able this week.
Any "surprises" from Uncle Sam will have a
knee-jerk reaction to our stocks.
I continue to like my stock trading recommendation last week
and will stick to them for good trading this week.
Take a look: Ausgroup, Ezion, Falcon, F1, First Res, Li Heng,
Mermaid, Sinomem, Swiber, United Enviro, YZJ, Yingli & Pan Hong.
Looking closely at Rotary, Tat Hong & Tiong Woon.
They are the same old stocks that I recommended, and
they are still here because the play is not out yet,
as simple as that...

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

P.S.: If you want to chat with me on the stock market
actions, just use the chat room link at the right sideof the blog.
Hope to "see" and talk to you soon!