Market View 8 December 2009

Wall Street closed flat on Monday after "Federal Reserve
Chairman Ben Bernanke indicated that the central bank
expected a slow pace of economic recovery and plans to
maintain low rates for an extended period."
Dow ended up 1 points, while the Nasdaq and S&P 500
was down 5 and 3 points. Stocks was initially up from
the Fed chief's comment, but as usual, profit-taking took
the indices mixed in a volatile session.
My view: We are still in the right track, and it is very likely
we will be back in the green again, maybe after an quick brake.

I received an email from a reader asking whether there will
be a year-end market rally this year. It is an interesting email
that got me thinking. From what I see, we should have one,
although the scale may not be as "grand" as past years.
The funds and brokerage houses will need to do some
year-end window dressing, and stocks are likely to get
pushed toward the closing. But take note that, it will not be a
all-stocks basis. The concentration will be only on "selected"
stocks, that is, the funds and house favourite stocks aka
the BBs stocks, the blues, the mid-caps and some Hot stocks.
I have them in my stock recommendations, and you can see
their action in this December.

For today trading, I don't see that our market will be greatly
influenced by the mixed closing in Uncle Sam. It is likely we
will have a subtle open, but the actions will come into the
Hot stocks very soon.
Focus on Yingli, Ausgroup, YZJ, Sinotel, Sinomem, Swiber,
Ezion, Falcon & Mermaid, PEC, Epure (added).

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