Market View 28 January 2010

US market is back in the green in overnight trading
after shaking off early losses and rebound to close
near day-high. The decision that the Fed kept interest
rate unchanged for an extended periood appears to
be welcomed by the market. Dow up 42 points, S&P 500
gained 5 points and Nasdaq added 18 with Apple running
up more than 1% after the revealing of the newest gadget,
Ipad. At 10am Singapore time, President Obama will
deliver his first State of the Union address, and it will be
closely watch by the market. We will see heavy-weights
like 3Com, Amazon, Microsoft and Ford Motor announcing
their result tonight.

Few day ago when the market was in a pool of red with both
the pennies and the blue chips plunging, one skype member
asked me about the the next support for STI. I answered it should
be 2700 next, which she answered that it was still so far away.
I commented that it is never that "far" when we are talking about
the financial market when the sentiment and momentum is gaining.
True to what I told her, the STI stands at 2706 at yesterday's closing,
only a mere 6 points shy of breaking the important psychological
support level.
Will we break it? I think we may have a test below that level,
but may rebound just as swift above it again. That is my personal view.

I don't think the market will be beaten down heavily again,
but I will still remain cautious in my trading from the time being.
Stick to the winner stocks, and trade lightly.
I maintain the view that we will have plentiful of great trading
and profit-making 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)

Before I forget once again, I am running a poll on whether
the blog readers will be interested to know how to make money
from buying and trading IPOs, since it is likely we will have
IPOs buffet this year aka lots of money-making opportunities.
Vote in the poll if you are interested.

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