Market View 15 December 2009

Wall Street rally marches on....
Dow surged to a fresh 14-month and 2009 high to close at
10501 up 30 points. Nasdaq closed at 15-month high of
2212 up 22 points. S&P 500 gained 8 points to close
at 1114. The news on Abu Dhabi's $10 billion in aid to help
Dubai avoid a default boosted the market, and stocks were also
propelled by Exxon Mobil Corp's $30 billion takeover bid for
natural gas supplier XTO Energy Inc and plans by Citigroup
to repay the U.S. government about $20 billion in bailout funds.
The Fed policy meeting will starts today and will last for 2 days,
with the expectation that the Bernanke will continue to keep the
rate low in the near future. We shall see what will the market
be like tonight.

Do you have a deja vu feeling when you trade our local market
lately? It is quite normal to feel this way as what I have
explained in the blog yesterday. Seriously speaking, if you
are not comfortable with the market action currently, then
you can stay out of it for the time being. I prefer to stay in the
market, even if it is moving nowhere and anywhere.

Focus on Yingli, Ausgroup, YZJ, Sinotel, Sinomem, Swiber, Ezion,
Falcon & Mermaid, PEC, Epure (added) & those sub-$1 stocks
heading toward the "magical" mark (Did anyone notice Tat Hong's
surge yesterday on low volume?)

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