Market View 6 April 2010

Wall Street rose on overnight trade, "pushing the Dow
up near the 11,000 level, as signs of a turnaround in the
U.S. labor market bolstered hopes the economy is
strengthening and the profit outlook is brightening."
Dow added 47 points to close at 10974, S&P 500 gained
9 points while the tech-heavy Nasdaq surged 27 points.
"The Dow Jones industrial average and the benchmark
Standard & Poor's 500 Index both finished at fresh 18-month
closing highs. The Nasdaq ended at a 19-month closing high."
It is likely that the Dow will face strong resistance around the
11100 points region, so the upside is capped.

STI continued to surge high following the US counterpart
and closed up 25 points at 2968 yesterday. I believe that
the index still got about 100 points upside for the next few months
as it will meet resistance at psychological level 3000-3070 points.
With the corporate results coming out very soon, this level
is achievable, but further upside is likely capped unless there are
favouable catalyst from Uncle Sam or within ourselves.

Commodities and Offshore Marine stocks were the main
superstar winners in yesterday trades, while there are still
reasonable gains from a few tech counters as well.
Some readers asked me about some "strangers" stocks
in the Top Volume, which I have to reply that I have totally
no interest and intention to trade. It is very normal to have
"strangers" suddenly being pushed-up in the Top Volume,
being just a stock rotational play. I would rather stick to those
stocks that I know pretty well, and enjoy the surges with
more confidence.

We are likely to see a pull-back or a profit-taking session
today after recent strong gains. Keep a close trailing stop
and you are well-protected. Genting is heading toward the
92cts resistance again, and if it can gain momentum and
break it cleanly, it will have another good run-up.
Sound Global is still in a resting mode which I am also
waiting for a surge pass the $1 mark again.

Stick to the Techs, Commodities and Offshore stocks
if you are in the market, but watch for sudden change
of wind direction.

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