Market View 6 November 2009

When I wrote that "stocks should have a green light
to move forward in a straight road", "just enjoy the
driving for now, until the next light....", I received
skeptical email from readers commenting that this
will not be the case as they believe that Wall Street
is definitely heading lower.
The result: All 3 major US indices surged through the
roof yesterday, with Dow recording the best day since
July with a 204 points charge to close above the critical
10000 points again at 10006. Nasdaq also added 50 points
and S&P 500 was up 20 points. All these surges are based
on a upbeat October retail sales figure and lower jobless claim,
together with good corporate results.
We still have the monthly job report and unemployment rate
tonight, but I still see a green light shinning through....

The STI was up slightly but the main picture is with the
battered pennies. The pennies can be described to be in
a bloodbath, and the selling gets more heavier as the market
was closing. I was going to take a early break yesterday afternoon
but the bloody scene caught my attention, and there I was,
staying till the closing bell. I took the liberty of picking up some
"unreasonably" beaten-down stocks, which I will sell
for a quick profits today if the tide turns, or else I will just add
on and let the profits run.

We will see stocks jumping up on opening today, but I certainly
don't wish the "jump-down" to follow. It is Ok to be volatile
but I hope the upside momentum will last through the day.
I will snap up and add-on some stocks if the "force" is
still with me, or else, I will throw them into the abyss. :-P
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