Market View 15 June 2010

Wall Street reversed in the last few trading
hours as " U.S. stocks ended little changed in
a low-volume session on Monday after a downgrade
of Greece's debt took the wind out of the market's sails.
Equities have been sensitive to debt problems in Greece
and other European nations in recent months on concerns
the euro zone's fiscal problems will hamper a global
economic recovery." Dow closed down 20 points,
S&P 500 lost 2 points while Nasdaq edged up 0.36 points.

Yesterday was the first trading after the World Cup started
on Friday, and frankly, the market action is still as vibrant
and lively although I have to admit that the volume was lower.
Nevertheless, I believe most readers should still made money
on a couple of stocks like Cosco, Swiber etc. The offshore
marine sector is on the move now and one will really benefit
financially looking closely at the mentioned stocks.

Ok, a few readers asked me about the recent IPO Global Palm
which was expectantly went up a few cents yesterday.
This IPO was priced at 46cts but the stock spiraled from
debut and is now in the 30s. The next resistance stands at
37cts, and it should be heading toward it. But once the stock
break yesterday low of 33cts, my positive view will be negated.
This stock will only be super-bull when it crosses its IPO
price which is still reasonably far away, and many resistances
stand in its way.

I am closely looking at Genting, Cosco, Sound Global, PEC,
YZJ, Mermaid, Swiber, Broadway and recent IPO
Global Palm. Sound Global and PEC are ripe for another surge.

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