Market View 29 March 2010

A new trading week, and I will start my view straightaway.
This will be an interesting week as we have many important
figures coming out of US, like the unemployment rate.
Nevertheless, I believe that Wall Street should still have
the strength to stay up for the week. The indexes have been
moving sideway for the last couple of days, and it seems that
the potential of a big move from either side is imminent.
I am turning optimistically cautious and will be ready for any
turning of the waves.

For our local trading, the techs are really in the focus recently,
and I don't know how many readers are still unaware of this.
I mentioned the techs last week and highlighted a couple
of upside-worthy stocks which had shown a good performance.
We have Broadway standing at $1.01 on friday closing, and
Hi-P, Innotek, PCI, Techcomp and Sinotel eager to move up
the gear again.

Genting and Sound Global closed on their respective support level
last friday, and they will move in a tight range within the support-resistance
level before staging a breakout to the next level, I am watching closely
for it. The offshore stocks are also worth a look, and I particularly
like the chart of PEC, and also looking for Falcon to flap its wings again.
I believe we have enough trading opportunities to make good money
in this holiday-shorten trading week.

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