Market View 11 March 2010

Once again, all 3 major US indexes ended in the
green after a good performance by the banks and
technology stocks "on hopes a revival in business
demand will boost corporate profits" Dow added
3 points, S&P 500 gained 5 points, while Nasdaq up
for a straight fifth day with a 18 points surge.
I wrote in the beginning of the year that I am sticking
my head out that there will be Tech rally this year,
and my head is still with me now, and I am holding
on to this view strongly. The issue now is when will
the tech wave hit our market?

Many retail readers should have gained some profits
over the last few days, and should remember to apply the
trailing stop for the winner stocks. CWT had surpass the
$1 mark and stands at $1.02 now. It should consolidate
around 1.01-1.02 before proceeding with the charge-up.
Should it fall below $1, then it will be back to square one again.
Genting closed at 94cts yesterday, and many readers should
have at least gained some Starbucks coffee $$, and 92cts will
be the support that it can't break down again. Epure's momentum
is not over, and the 91cts support level will prove hard to break.

Yesterday the plantation stocks were quite lively as we saw
gains from Indoagri, First Resources and Golden Agri.
The rotational play may have switched to the commodities
but this is one play that is like the muscial chair, only this
time the person left behind is the loser carrying the baby.
Be swift and alert when you are dealing with the commodities
as the players behind are shrewd and smart, and I won't comment
further.

I am particularly interested in 3 stocks today which is Sinomem, PEC
and Sinotel, which did not participate much in the recent run-up,
but their chart are pointing to a breakout. Watch them and
when the wind comes, grab some and enjoy the surge with
a cut and trailing stop. We may see some weakness in today morning
but it will be back soon.

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