Market View 13 January 2010

Finally, the 3 major US indices closed in the red,
with worse-than-expected result from Alcoa and as usual,
economic recovery concern being the main causes.
My view is that we have just ONE of the major corporation
giving its result, there are still many more to come.
The banks, big techs, retailers companies will give us
a better pictures in the coming days and weeks, as they
unveil their results. I am still quite cautiously bullish that
the greens will be back pretty soon.

Interestingly, yesterday in my blog, I wrote "the market may
come to a brake anytime although it should be a swift and brief
one", and indeed we saw a pool of reds in our market. It got worse
in the late afternoon when the US futures were falling down fast.
I believe that this is just a small profit-taking session and
we should see the green trading activities back in action.
Many stocks' losses yesterday were limited as there are good
supporting hands waiting below to catch any bargains.
I will take this opportunity if it continues to pick up some
unreasonably sold-down stocks.

For today, I will see clearly what is the theme for today before
jumping in, although I am still bullish bias, but I won't let
my sentiment take control of my trading.
Stick with the winner stocks.

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