Market View 16 July 2010

Wall Street closed unchanged "on Thursday,
recouping losses late in the day, led by a sudden
turnaround in Goldman Sachs and BP. Dow was
down 126 points at a stage but recovered to closed
down 7 points. S&P 500 up 1 points while Nasdaq
dropped 0.76 points.


Yesterday, most stocks took a break and price
retraced after recent surge, but Longcheer which
I mentioned yesterday buck the general market
trend and race forward, although it closed in a
unfavourable fashion.

I see that the stocks are going to be range-bound
today again, and given it is Friday, we may not
see as much actions. PEC will test the 81.5cts
level again, and Genting will try for the 1.22
resistance.......

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