Market View 17 June 2010

Wall Street ended mixed as "Stocks finished flat
on Wednesday as cautious comments from FedEx
and weak housing market data overshadowed a surge
in industrial production. Dow gained 5 points, Nasdaq
edged up 0.05 points while S&P 500 was down marginally
0.62 points.

You know what, I got readers profited from the recent
surge from the winner stocks that I mentioned and
are still holding the stocks. I told them that the stocks
are going to hit resistance very soon, and I am expecting
a profit-taking correction.

Genting is likely to bounce around the 1.11 mark where
it look for the next move. Cosco, YZJ, Mermaid performed
very well, and it is just about right to take a break.
My trading style is that I will add positions into the winners
stocks but that is because I am already in-the-money,
and even if the stock or the market go south, I still have
winning earlier positions. I am looking to clear positions
today if they hit my stops, or else, I will just hold it over
to tomorrow, but I see that the market will be weak today.

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