Market View 20 July 2010

Wall Street rebounded in overnight trade as "U.S. 
stocks ended higher on Monday supported by strong
earnings but gains were limited by a drop in U.S. housing
data showing cracks in the recovery of the world's largest
economy." Dow up 57 points, S&P 500 added 6 points
and Nasdaq rose 19 points. 


Yesterday most Hot stocks were in red except for a
few green leaves like Swiber. I believe that we will
also have a rebound play today but I will once again
stick to intra and contra trades and will clear out once
I sense blood in the air.


I will be focusing on the Hot stocks that I have mentioned
and in particular Genting (if it break the 1.22 resistance),
PEC (if it break the 81.5cts resistance),  Sound Global 
(Once it has stop moving along the 73.5cts level),
YZJ (heading toward the 1.50s), Longcheer (heading
toward the 52-week high 78cts). Looking at the pre-opening,
Sinotel seems like is brewing for something impressive
today, so I will look closely at it too.


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