Market View 23 June 2010

Wall Street ended in the red again as "Stocks fell
more than 1 percent in yet another late-day selloff on
Tuesday as unexpectedly poor housing figures and the
puncture of a key technical level sapped buying interest.
Stocks marked time in a thinly traded session until the
S&P 500 fell through its 200-day moving average,
which had been a basis of support in the last few days."
Like what I said yesterday, "Personally,
I don't like to see reversal of such kind and it is looking
that the sentiment to continue for another day.",I wonder
will we see another reversal today?

As usual, most stocks will open weaker today, but
it will be a normal profit-taking session rather than a
mass sell-off session that I actually wanted. It is in a chaotic
market that bargains will be plentiful. If you are still holding
on to the winner stocks recently, then stick to the trailing
stops. Nothing much more to say but I will be particularly
interested in those green stocks today, and those who
are heavily sold-down, if any.


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