Market View 11 May 2010

As expected, Wall Street rebound sharply in overnight
trading as "U.S. stocks racked up their biggest one-day
gain in over a year on Monday as an agreement on a
$1 trillion emergency rescue package from the EU quelled
fears a new credit crisis would derail European economies."
Dow surged 405 points or 3.9%, S&P 500 gained 49 points
or 4.4% and Nasdaq jumped 109 points or 4.8%.
Is the rebound sustainable?
I believe that it should at least last a few days before any
negative or unfavourable news or data poping-up. This
surge is likely to stay until June, but I am not that positive
on the 2nd half of the year.

I mentioned that "The stocks that I mentioned last week
are still valid and should be the star performancers in the
presence of any rebound.", and indeed they are the star
winners in yesterday's trade. We have Cosco, YZJ, Mermaid,
Sound Global, Sinotel, Genting, Broadway, First Resources, and
even the recent IPO Global Palm performing well.

If you are in those stocks, then just have a ready trailing stop
in case of any change of wind direction. Never, never let
your profits become losses, as that will really destroy your
morale and may even make you become a "long-term"
investor of some stocks.

Stocks will open brightly today, but I don't see the
flower blooming for the whole day. We already pre-moved
yesterday, so be prepared to take profits out of the
stocks that stop moving, and maybe in a reverse gear.
Stick to the stocks that I mention, and when they are in green.

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