Market View 20 January 2010

All 3 major US indices rose yesterday with Dow & S&P 500
hitting fresh 15-month high. Dow was up 116 points,
S&P 500 gained 14 points, and Nasdaq added 32 points.
Encouraging results from Citigroup and IBM lifted the market,
and we will see whether Bank of America (BOA), Morgan Stanley,
eBay, Starbucks and Wells Fargo can deliver an equal or better
result tonight. My own 2-ct sense is telling me that they will
do alright tonight.

Yesterday, many pennies and winner stocks were doing fine
for most of the trading day until the last few hours when
some of them start to fall off the pace. What can we expect
the trading day will be like?
I believe it will be a good trading day for most, but it will
be foolish to be trading without a stop-loss and trailing stop.
The winner stocks will do just fine, and should continue to surge
forward. Watch for Sinomem as based on the chart, it will
be doing a breakout very soon.
Winner Stocks: Epure, CSE, CWT, PEC, Ezion, Swiber,
Broadway, Midas, Sinomem & Sinotel.

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