Market View 19 December 2009

Ok, Wall Street were in a pool of reds yesterday as
all 3 major indices fell by about 1.2%. Dow was down
133 points or 1.27%, Nasdaq lost 27 points or 1.22%,
while the S&P 500 dropped 13 points or 1.18%.
If you want to know the fundamental news behind the
fall, I can tell you a few. We have the worries about the
US dollar strength, disappointment statement from
the Fed, jobless claim data and Citibank share offering.
To me, the main action is still profit-taking, which is normal
and a good step-back for the market and stocks to become
reasonably "attractive" again.

Stocks will opened weak in our local market today which is
pretty expected, but will we see the unexpected at the later
part of the trading day? I don't know, but I will find out
as the market and stocks move, and from that, we can
see the signs if it is the case. I hope for a decent selldown
profit-taking trading session, but don't think I will be getting
one, as there are always supporting hand below ready to catch
any good bargains. I will just do the same and grab any if it
comes.

Stay out of the market if you want, and enjoy a early long-weekend
shopping for Christmas presents, or head down to the
Book Fest at Suntec to look for good books.
For me, I am looking on Yingli, Ausgroup, YZJ, Sinotel, Sinomem,
Swiber, Ezion, Falcon & Mermaid, PEC, Epure (added)
& those sub-$1 stocks heading toward the "magical" mark

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