Market View 5 November 2009

Ok, no big surprise from the Fed as it would keep rates
near zero for "an extended period" even as it expressed
confidence in the economic recovery, but it triggered off
a last-minute selloff from the market as profit-taking
and pressure selling sets in. Dow was up as high as 156 points
at mid-day, but closed the day up 30 points, together
with S&P 500 which added 1 point. Nasdaq was down
1.8 points at the closing bell, but Cisco's good result
in the after-hour should provide a boost to the techs tonight.
How do I view the "move" or is it "un-move" from Fed?
My view is that the stocks should have a green light
to move forward in a straight road, but one wonder when
is the next traffic light coming? Round the corner?
Anyway, just enjoy the driving for now, until the next light....

Back to our local shore....
Last few days of trading has been boring and tiring to
say the least for the traders and maybe investor alike.
We have seen stocks moving up in the morning only to
falter in the afternoon session and even into the red region.
Nevertheless, there were still trading opportunities in
a couple of stocks, but frankly, the potential profits is
limited by the small range and weaken momentum.

I believe we should see the volume, volatility and
momentum pick-up in the market, as the Hot money
is really waiting to come into the market. One would argue
that the market will continue to move sideway, or even
The Mother of all Crashes is coming again as described by
one readers who emailed me. I still don't see a tsunami
coming, but I will watch the movie 2012 when available,
then maybe I will see one.

On a personal note, I just realised that 2 of my blogs have
become Pagerank 1 (the lowest) according to Google.
It is so good to see that my effort has been rewarded,
and thank you to all the readers who has or had visited my
blog before. Like whhat I wrote before, this is like a niche blog
with about 200 visits per day, which is pretty reasonable
if you ask me, as I don't do much advertising/marketing.
Therefore without you, there will be no blog from me as all,
as I will be just writing for Mr Market to see. :-P

I started the blog back in October last year, and in a flash,
it is one year old. I am planning something to share with
all readers for the One year anniversary, and will be revealed
next week. Meanwhile, you can also email me to tell me what
are some wishes that you have, and if I can fulfil it, I will give it
to all readers. You can also give comment at the blog as well.
I hope to have many more anniversary coming, and increase
my Pagerank up the roof.....
Thank you once again.

Ok, back to trading....
Market will open bright today, but recently we have thunderstorm
in the afternoon, and an umbrella will do us good in this kind
of unpredictable weather.
Take a look: Ausgroup, Ezion, Falcon, F1, First Res, Li Heng,
Mermaid, Raffles Education, Sinomem, Swiber, United Enviro,
Uniasia, YZJ, Yingli & Pan Hong, Sinotel.
Looking closely at Rotary, Tat Hong, Tiong Woon, Ramba,Seroja,
C2O, AFP, China Enviroment, Asia Enviroment, CH Offshore.
(Did you see that some stocks are in BOLD)

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