Market View 27 January 2010

Although we have a better-than-expected consumer
confidence report and impressive corporate results,
all 3 major US indices still ended the day in negative
territory. Dow reversed from positive territory to end
the day down 3 points, S&P 500 was down 5 points, and
Nasdaq gave up 7 points. The news that China ordered
banks to halt January lending brings cautions to the market
in a lightly-trade volume. We will see companies like Abbot,
Caterpilla and Qualcomm reporting today.

Ok, this was what I wrote on the blog yesterday:
"But take note that today is NOT a day to Show-hand.
Watch for the greens and follow them lightly. You will have
plentiful of opportunities in the coming days."
Look like I am proven right again, and the market reacted
very strongly to the China banks' measure, and it was a
rarely seen major sell-down of the year 2010. Luckily, not many
stocks were in green before the tidual wave sweep in, and
the selling begins. You will not lose much if you stick to your
cut-loss level or trailing stops.

I did tell some skype members that if they are able to
hold a good stock for the mid-term, yesterday was a good
buying opportunity as stock price tumbles. Some members
did so, and I believe they are already in paper profits already.
You see, you can't catch the lowest point of a stock and you
definitely won't know where is the bottom. I would rather
pick-up along the way than to miss the whole big chunk of
profit zone entirely.

If you are looking for trading opportunities today, simply
stick with the stronger green stocks. Once again, I was asked
whether Epure will reach $1 eventually by some members.
I am no God, but just a trader that follows Mr Market's script
to make $$ from the sentiment, momentum and volatility
of the stocks and market. Epure MAY reach $1 when the
momentum and sentiment is in play again. Period.

I will be cautiously optimistic and trade light today on the
winner stocks that are green. Take note that today is NOT a day
to Show-hand again. Don't worry. If the wave changes, you will have
plentiful of opportunities in the coming days.
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