Market View 3 June 2010

Ok, I am back after taking a 2-day break from the market
due to heavy flu.
I got an announcement to make, and it will happen after
market close tomorrow or during the weekend.
Don't worry, I am not closing this blog for good. On the
contrary, I am adding some more incentives to the readers.

Wall Street rebound in overnight trade as "Stocks rallied
on Wednesday as investors rushed back into beaten-down
shares, led by energy, which bore the brunt of the sell-off
a day earlier". Dow surged 226 points, S&P 500 gained
28 points and Nasdaq rose 59 points. The market is going
to continue to be volatile, irrational  and unpredictable unless
a clearer picture comes out of the Europe region and the
world economy.

Last 2 days' trading during my absence has been interesting
but only on a handful of stocks, with Genting, Cosco being
the stars. Some members asked me about the next
support/resistance level of Genting. 98cts is a good support,
and 1.05 the next resistance, and ultimately 1.11 being the
major resistance which I believe will be tested. Get the hint?

I will trade on a few other stocks like Cosco, Sound Global,
PEC and  YZJ on intra and/or contra, and will take
profits along the way with a defined ready trailing stop.

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