Market View 25 January 2010

A simple recap: "U.S. stocks capped their worst three-day slide
in 10 months, with all indexes down more than 3 percent on the
week on fears the bank plan would cut profits, and uncertainty
about the Senate's confirmation of Ben Bernanke for another
term as the Federal Reserve chairman."
What is my take on the sell-off last week?
I take that to be a market correction due to some fiscal
policy changes, and not really a great fundamental shift.
This correction will not be that long-life, and should eventually
weaken once the concerns over the policy changes have been
addressed and deal with.

Ok, I will talk about Singapore stock market more...
Last friday, the market expect a sell-off and yes, we got one
at the early trading day with bloods seen everywhere.
I mentioned in last friday's blog that I am looking for green
leaves in a pool of red flowers, as they are the "stronger"
and will become the superstar of the day and even weeks.
You know what...I got the superstar in my winner stocks list.
They recovered from the day-low and close in the green,
and also reward the traders with good profits if they took
calculated risk. We saw Asia Enviro up 0.5 cts, Broadway added
5cts, CWT gained 0.5cts, Epure surged 3cts, Midas up 1cts,
Sinomem edged-up 1.5cts and Swiber added 2cts.
These are the strong stocks that close up strongly and I will
be watching them very closely today and this week for a repeat
of last friday's performance.

Most stocks will inevitably open weaker and in the red today,
but I don't believe we will see them closing in day-low or
even near to it. Strong stocks will emerge from the weaklings
and surge a powerful move to close in the green and at the
day-high. If you have the holding power, this is a great opportunity
to pick-up bargains in a pool of milky and chalky water for
succulent juicy fishes. Once the water is clear, you will have to
fight very hard for even a tiny fish. ;-)

My stock-watch this week will be the same as last friday for
the time being, and will be review (added or reduced) as the
trading days and week revealed.
Winner Stocks: Epure, Sinomem, Asia Enviro, CSE, CWT, PEC,
Ezion,Swiber,Broadway, Midas & Sinotel, Golden Agri (added).
Tiger Airways (IPO punt)

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