Market View 7 April 2010

Wall Street closed mixed in overnight trade as
"S&P 500 and Nasdaq rose modestly on Tuesday
as the banking sector got a lift from positive analyst
comments, while minutes from the Federal Reserve's
 last meeting eased concern over rising rates.
Dow dropped 4 points, while S&P 500 gained 2 points
and Nasdaq added 7 points. I still maintain the view
that it is likely that the Dow will face strong resistance
around the 11100 points region, so the upside is capped.

Ok, we have a few superstars in yesterday trading but did
you benefit from their surges? Sound Global is one of them.
I mentioned about it in yesterday blog that "Sound Global is
still in a resting mode which I am also waiting for a surge
pass the $1 mark again." I don't have to wait long, it charge-up
yesterday and closed above $1 at $1.02 A good few cents
profit for those who went in.
Also as expected, Genting indeed went up to hit the 92cts
resistance again and dropped back to close at 91.5cts
I am expecting 92cts resistance to be broken and head toward
the 98cts resistance next. If you have been trading Genting
in the last few weeks to months, you will have profited multiple
times just trading this range-bound play.

I still like the Techs as they will spur up to life just when you
least expected it, so watch them closely. PEC surged past
the resistance level and closed at 79cts, I like its chart and
it should have more upside provided that its 77.5cts level
is not broken again. Offshore Marine stocks are also ripe for
another run-up, and I have been mentioning them lately.

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