Market View 29 June 2010

Wall Street ended slightly in the red as "U.S. stocks
ended slightly lower on Monday as gains in consumer-related
stocks, including tobacco shares, were offset by losses in
the energy sector." Dow lost 5 points, S&P 500 dropped
2 points and Nasdaq down 3 points.

Yesterday market superstar should be Sound Global,
except that it was leading the losers. If you want to know the
"official" reason of the fall, then please read up the announcements
in SGX. Will it go back to the 90cts and even $1 again?
Your guess is my guess, but my view is that it will once
again be the darling of the traders when the selling is over.

Recently, the winner stocks have been trading in a
tight range, and I am turning cautious too. I am pretty
Ok with the market situation now and just sit and wait
for the next breakout on either side of the range.

Not many stocks is worth a close look now, but I am
particularly interested in YZJ, Broadway, Cosco,
Sound Global and Mermaid. Why no Genting?
Because its trading range is still intact.

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