Market View 14 January 2010

Uncle Sam is back in the green again with the 3 major indices
rebounding after the previous day's losses. The banks and
financial stocks lead the surge, as like what I said in my blog
yesterday, " My view is that we have just ONE of the major
corporationgiving 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 theyunveil their results."
I seriously believe that the retailer, banking and tech stocks
will deliever a better-than-expected results in the coming days.
Yes, there may be some "surprises" in the pipeline which is
pretty normal, we should see brighter days ahead.

Our own STI closed at a very nice figure 2888.38 yesterday,
athough still down in the red. I don't see the measure from China
government on the banks having a long negative impact to the
market. It is already "expected" but the issue is "when", so it
is better to implement it early than having it in the mind.
I will not be surprise if we resume the north path and close
in the green for days.

I received emails and skype messages asking about Broadway's
surge which is now just about 10cts away from hitting the
$1 mark. If you want "reasonable" explanation, then it is
recent brokerage coverage that is prospelling its surge.
We have CIMB, DMG and DBS covering it lately and that
give it more fuel to continue its momentum. In my blog
at the beginning of the year, I already stated with my
head sticking out that we should see a long-awaited tech
rally run, and I gave a tech watchout list, which included
Broadway. Some readers took note of it and made profits from
the surge while others are stilling looking for even more
explanations to get the whole picture clear before jumping in.
Sometime, you need to jump into the milky water to catch
the fish, if you know what I mean from a Chinese idiom.

I believe we will see a much better trading day today, and
I will be sticking to the stocks that I am loooking at closely
and keep on mentioning for th remaining 2 trading days.

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