Market View 27 May 2010

Wall Street's sentiment turned negative again in late
trading hour as the indexes "staged yet another
late-day reversal on Wednesday to end lower as
news suggesting China was reassessing its euro-zone
debt holdings pushed investors into profit-taking mode."
Dow closed down 69 points, S&P 500 dropped 6 points
and Nasdaq fell 15 points. I actually expect a rebound
this week but all these reversals are spoiling the mood.

Without doubt, the main superstar stock yesterday must
be Genting. Rebounding from the 92cts support level
day-low on Tuesday and staging a good rally past the
98cts resistance level. The same resistance level may be
tested again today as stocks will open weaker today.

Watch Sound Global, Cosco, YZJ and PEC as they
will be the focus when the market become firmer
during the day. Take note that today is the last
trading day of the week.

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