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Thursday, March 4, 2010

Market View 4 March 2010

US indices closed mixed with Dow and Nasdaq closing
in the red while S&P 500 edged up slightly. Dow lost
9 points after surging about 70 points initially,
Nasdaq fell by 0.1 points and S&P 500 gained 0.5 points.
Heathcare stocks and sector pressurised the market,
as "Pfizer Inc, the world's largest drugmaker, fell 1.6 percent
after its Alzheimer's drug did not meet the main goals of a
late-stage clinical trial, weighing on the Dow industrials."
No clear indication yet, but the employment data is still
the main focus for the week.

Our market will open little change or slightly bearish bias
today, but I certainly don't foresee any drastic downside
movement. Genting's major support level of 86.5cts remains
to be tested yet again today, but it shouldn't matters to the
traders as they will look at it when it surpass 92cts.
The 2 water stock Epure and Sinomem are looking lively,
and should continue to stay this way with the momentum intact.
I will continue to trade the winner stocks when it is green.
Genting, CH Offshore,Falcon Energy, CWT, PEC,
Epure & YZJ (added).
Winner Stocks: Sinomem, CSE, Ezion, Swiber,Broadway,Midas,
Sinotel, Golden Agri, Yingli, Biosensor.

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

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