Market View 30 June 2010

Wall Street tumbled in overnight trade as "Investors 
fled the U.S. stock market on Tuesday and the 
S&P 500 tumbled to its lowest level in eight months
in a sell-off triggered by a wave of increasing alarm 
over the global economic outlook." Dow dropped 
268 points or 2.7%, S&P 500 lost 33 points or 3.1%
and Nasdaq fell 85 points or 3.9%. Anyway, all this
"official" reports just got to blame the fall on something.

Yesterday most pennies were in the red, except for a 
few in-the-news stocks like PEC & Sound Global.
I mentioned that I am turning cautious because most
stocks were trading at tight range and it just got to break
at either side of the range. Indeed, look like the lower range
will be broken. It is like 逆水行舟， 不进则退.


Stocks will open lower and weaker and I certainly hope that
the selloff can be fast and furious, as that will make the stocks
attractive for a rebound play. Take note that I am still pretty 
cautious about the market and you will notice that from my blogs
last week and yesterday. Now is not the time to be gung ho, but
you can still make money from intra and contra rebound trades.


As usual, lookout for the greens among the pool of reds if
you want to trade. I am waiting for a good reasonable selling
from the retailers or the BBs. Come on, sell all you want....


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