Market View 18 May 2010

Wall Street ended in the green as "U.S. stocks
staged a comeback in late trading on Monday as
bargain hunters snapped up beaten-down shares,
setting aside concerns that efforts to tackle the
euro-zone debt crisis could stifle the global economy."
Dow closed up 6 points, S&P 500 gained 1 points
and Nasdaq added 7 points. Market will remain volatile
but it is going to be upside bias for the short-term.

Not much to talk about the yesterday market other than
stocks really closed better than the opening. We still have
winner stocks like Genting and Mermaid. Stay selective
in trading stocks nowaday as it is going to be volatile and
drastic in some of them. I am looking for quick in-out
trading opportunities this week and will get rid of those
losers who did not move up as seen on the chart.
Stick with the winner stocks, when they are in the green zone.

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