Market View 24 November 2009

The bright green light is back....
Wall Street started the trading week on a high note,
with Dow up 133 point, Nasdaq added 30 points,
and S&P advanced 15 points on strong encouraging
housing data. It is certainly a good sign from Uncle Sam.
The market seems to be in a jovial mood, and it is
likely to continue through all the trading day this week.

STI closed at a 2009 high yesterday, and the blues
were really in the limelight. Only selected pennies
are running wild, and guess what, they are in my recommendations.
Did you buy Yingli when it breakout? It is sitting on a good
profits now.
This is what I wrote in last thursday blog:
"I will buy when it surpass yesterday day-high of 64cts,
and my cut-loss will be below the day-low of 61.5cts.
If it come back to pass 64cts, I will buy again, as simple as that.
I will let my trailing stop determine where I should take profits,
but I believe it will be in the 70s.If it ding-dong between 61.5-64cts,
then I will just sit tight and watch the show, but going by its past
movement,it is very unlikely that it will stay within such range for long.
As long as 61.5cts low was not taken out, this trade is good.
Ordinary strategy, simple execution, but potential extraordinary profits ahead...."
If you are in it, then just enjoy the ride-up with a trailing stop.
It is good possibility meeting my profit-target of above 70cts.

The market should open high today, but the focus will be only
on a few pennies. Other than Yingli, the focus will be on Ausgroup,
YZJ, Sinotel, Sinomem, Ezion, Falcon & Mermaid.
More than enough to make it a good trading week.
I will stick to them for good trading opportunites this short week.

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