Market View 14 May 2010

Wall Street is so interesting these days, with one
day up and the next day down. This time, "U.S. stocks
fell on Thursday as downbeat comments on the economy
from tech company Cisco Systems Inc and retail chain
Kohl's Corp cast doubt on the strength of the U.S. recovery."
Dow lost 114 points, S&P 500 dropped 14 points and Nasdaq
fell 31 points. Look like we are going to have roller-coaster
ride nowsday, and the market is going sideway. I still believe
we will have one more round of good surge before the
sky turn dark again.

If you were in the market yesterday, you will know
who was the main stock attraction, and it is none
other than Genting. It went to a day-high then reverse in
the afternoon to close low. Some readers skype me
to ask for my view which I told them to stick to their
trailing stops and cut-loss level. They should still have a
pretty decent profits if they followed what was told.
After the closing, Genting announced its Q1 result, and we
shall see how the market will react today.

Many other stocks also fell in the afternoon yesterday or gave
up most gains of the day, which will set the opening scene
for today. Stocks are likely to open weak or unchanged,
and may stay that way throughout the day, as there is no
catalyst and given that today is Friday.
If you are still holding on to stocks, then stick to your stops.
If you are looking to enter the market, today may not be the best
day, but you will do better just to stick to the green winner stocks.

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