Market View 13 July 2010

I have to admit that I missed posting yesterday's market
view because I overslept after watching the World Cup
final. Sorry for any inconvenience caused. I then took the
day off to head to town to do some shopping and see-look
around as I believe it will be a quiet scene after all the
excitement die-off. It is good to see that I did not miss
much market action yesterday as the stocks hardly moved.
=============================================

Wall Street ended in the green prior to the
beginning of the reporting season. Dow gained
18 points, S&P 500 added 0.79 point and Nasdaq
up 1.9 points. "Volume was among the lightest of the
year with investors wanting to see if corporate outlooks
validate last week's surge, the strongest week in a year.
Earnings are "going to be the test to the durability of the
bounce that started last week."

For today, I will give the support and resistance level
of some hot stocks, and hope that the readers will
benefited from it.

I believe most readers are interested in Genting but
my view on it is the same as last week as it is still
trading in a tight range. Resistance will be seen at
1.22 and support is at 1.15
Cosco will meet resistance at 1.58 and is supported
at 1.50
Sound Global like what I said will move along 73.5cts
and it has been proven the case for the last few sessions.
Resistance is at 77.5cts YZJ will likely be capped at 1.47
with support at 1.39 PEC's resistance is the same at 81.5cts
and supported at 77cts


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