Market View 12 April 2010

Wall Street closed up on friday night after "Chevron's
upbeat outlook and wholesale inventories data
reinforced bets on an improving economy"
Dow surpassed 11000 for the first in a year-and-a-half
but closed at 10997 up 70.28 points, S&P 500 added
8 points and Nasdaq gained 17 points. This week's focus
will be on the Earning figures with Alcoa the first to report
after Monday market closed. I maintain the view that Dow
will face strong resistance at 11100 and it will require very
strong and positive corporate figures to push through the level.

The offshore marine and commodities counters are really moving
well last week, and it is likely that the momentum will
continue this week. We saw how PEC, Falcon, Swiber,Cosco,
YZJ, CSE Global moved and it should have provided some
good profits for those who participate in the rally.
The techs are also moving well, like Broadway, Hi-P, Sinotel.
Genting should be heading toward the 92cts mark again, and
I am bullish bias that it will break it 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