Market View 20 May 2010

Nothing unexpected as Wall Street is again in the red
as "U.S. stocks fell on Wednesday as Germany's unilateral
action to ban specific trades on some stocks and bonds
sparked a fresh wave of uncertainty and risk aversion
among anxious investors." Dow fell 67 points, S&P dropped
6 points and Nasdaq lost 19 points.

Yesterday was quite a bloodshed for many stocks and
the retailers as well. I received an email from a reader
regarding Sound Global which he entered at a low price.
I told him to keep a trailing stop tight and indeed I believe
the stop was triggered in the afternoon when all hell broke
lose.

Expect to see a recovery today as stocks should have a
rebound today in a cautious mood. Keep to the winner
stocks when they are green.
With regards to Genting, just need to see these few price
support/resistance level, 86.5cts, 92cts and 98cts.
You can make money just trading on these levels.

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