Market View 23 March 2010

Wall Street rose on Monday trading after the "passage of
a bill overhauling the healthcare system ended much of
the uncertainty about the issue for investors." Dow gained
44 points, S&P added 6 points while Nasdaq rose 21 points.
It is looking to be another steady trading week unless something
drastic can derail the market action.

Ok, it was a pool of red in our market yesterday and
many Hot stocks were taking a break and consolidate
with profit-taking in place but the selling still considered
mild in any sense. In the afternoon session, several Hot stocks
rebounded from day-low and closed respectably.

Genting is still within the 92-98cts region, and with its
94cts close is much more nearer to the 92cts support level.
It is still in consolidate stage and it is not a "trading" stock now
as the uncertainty is higher, so is the gain, but I prefer to
enter when it is in my trading range.
Sound Global fka Epure back-off from the 1.01 resistance
level and closed at 98.5cts It should have support around 95cts
level.

One reader commented that what are some of the IT companies
that I recommended. I gave a few of the techs in yesterday's blog
and I believe you can see that Techcomp was yesterday's winner
stock. Frankly, you need not to have plenty of stocks to win in the
market, you just need to constantly and consistently trade a winner
stock to profit in the market. That is why I keep recommending the
same stocks because they still have upsides and huge profits potential.

Market looks to be quiet today, but I will still track the Hot and
winner stocks for any action. When the right wind blows, are you
prepare to enter?

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