Market View 4 June 2010

Wall Street edged up another positive finish as
"Stocks rose on Thursday, led by a late-day surge
in technology shares as investors geared up for a strong
unemployment report on Friday. Stocks seesawed
throughout the session, shifting between optimism and
pessimism on a variety of factors, including technical
resistance at the S&P 200-day moving average,
the euro's weakness, and supportive labor market data."

I am sure it was a good trading day for many readers
yesterday as most good trading stocks ended in the
green and some surged high. I only "touched" on a
few stocks which I mentioned in blog and they performed
respectably to say the least. Most readers should still
have them held over to today, so just have a
stop ready for any untoward action from Mr Market.

A skype reader asked me about the infamous "World Cup
Effect" on the market, be it the global or our local bourses.
I believe that the efftect will be minimal this time round
given the uncertainities in Europe creating the volatilities
in worldwide markets. Any "breaking" news may trigger
another selldown which will keep traders glued to the seats.
I am a football fan, but if you put money and football infront
of me, it is obvious what I will choose. What about you?
Don't ask me for my favourite team or my predicted World
Cup winner as it will be the same few teams. And I don't
give Singapore Pools money betting on the football matches,
I would rather deal with Mr Market, as I know him more.

I will be cautious today and will not seek to add any position
but looking to a good time to clear my contras, and only
hold some deep in-the-money positions over the weekend.
I am thinking of heading down to the Book Fair 2010 to give
some inspirations and nutrients to my over-work brain.
Some books on my hobbies and maybe a joke book or comic
will surely be much welcomed, as I am not a trading machine
who only read "boring" financial/investment/trading books.

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 Juvaat !!

市场生存座右铭: 风林火山