Market View 14 July 2010

Wall Street is up for 6 consecutive days "after Alcoa's
quarterly results heartened investors that had fled to the
sidelines on jitters about the sustainability of the economic
recovery. Markets looked set to get another earnings-driven
boost Wednesday after Intel Corp reported results that beat
expectations after the market closed. The chipmaker also
gave a stronger-than-expected sales forecast."
Dow surged 147 points, S&P 500 added 17 points
and Nasdaq rose 44 points.

Last few trading sessions had been quite a standard
chore for me, and maybe also for some readers.
Many stocks are stuck in the trading range and are
capped by the resistance level that I have given.
Genting still cannot break above 1.22 yet, Sound Global
will be supported at 73.5cts and like what I said,
will move along it.The rest of the stocks' opinion
is in yesterday's blog and the stocks are likely to be capped
even for today and maybe this week.

I noticed 2 stocks, a C and S stocks that are under
accumulation stage, and the chart is pointing to a
good decent breakout soon. I will keep watch at it
for the time being and hope that the formation is turning
out fine, and we will have a good time with its surge.
No point guessing what the stock is, and it is not
those stocks that I already watching like CSE, CWT,
Sinotel, Swiber. It will be revealed in due time only when
the breakout is imminent and the market condition is
behind it.

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