Market View 18 January 2010

Just a recap: All 3 major US indices closed in the red on
friday with Dow registered a triple-digit loss for the first
time of the year down 101 points, S&P 500 lost 12 points
and Nasdaq was down 29 points. Although JP Morgan
did announced a better-than-expected result but it also
stated a mounting loan loss, which drag down the market.
This week, we will have many heavyweights coming out
with their financial result, like IBM, Goldman Sachs, Citi,
BOA, American Express.... It will be a busy and exciting
trading week, but it will only start on tuesday, as the US market
is close for Martin Luther King Jr. Day. We will have as many
57 S&P 500 companies coming out with their result slip
this week.

Frankly speaking, last week should be a pretty decent
trading week for the traders, as we have many themes
and rotational interest in play, and one should have a
"difficult" time and spoilt for choices. But last friday was
a different story as many stocks fell from the day or week
high and closed in the red.

With the US market closing in the red last friday, and
having a trading holiday today, it is likely that we will be
opening on a weaker note this morning, but it will definitely
not be a quiet and light-trading day. Expect volume and
volatility to pick-up, and stocks will rise from day-low to close
higher, and no surprises if it close green.

I don't see why I should move away from the winner stocks of
Epure, CSE, CWT, PEC, Ezion, Swiber, Broadway & Midas,
with Sinomem and Sinotel also in close watch.

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