Market View 24 March 2010

Wall Street rallied in overnight trade "led by the tech,
industrial and materials sectors, driving the Dow and
the S&P 500 to 18-month highs". Dow surged 103 points
to close at 10888.83 (such a nice impressive number),
S&P 500 gained 8 points while Nasdaq added 20 points.
Lots of good news and brokerage upgrades this week,
and it should give support for a good trading week to
maybe close in a high-note.

Many Hot stocks gave up recent gains yesterday and
took a deserved break. Sound Global fka Epure retrace
to exactly the support level that I mentioned in blog.
It will bounce around the box unless the trend is set.
Genting is still within the 92-98 region although much nearer
to the 92cts support level with the 93.5cts close.

Techs have a good run yesterday and at a great time
as other stocks were not performing. Broadway rallied
and the profits was good, and it is staging a test toward
the important $1 mark.
Stocks will open on a high note today, but the action will
still stay with a couple of stocks. Techs' momentum
is still strong and should move further up.
Genting and Sound Global are not really the type of trading
stocks now, and I am waiting for further consolidation
to happen before entering again to ride on the wave again.

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