Market View 21 July 2010

Wall Street ended in the green as the indexes
reversed from early losses as "U.S. stocks rose
for a second consecutive day on Tuesday, led by
gains in shares of Goldman Sachs and strength in
beaten-down homebuilders and raw materials companies."
Dow was down 147 points at 10008 at one stage but
rebounded to close up 76 points, S&P 500 added
12 points and Nasdaq gained 24 points.
"Stock could extend gains for a third straight day as
futures rose after Apple Inc reported results that
surpassed Wall Street's forecasts."

Yesterday, many stocks were up but you really
need to be selective to win money from Mr Market
in recent days. Genting is looking to re-test the
1.22 resistance again, and should it succeed, it may
face the next resistance at 1.27 
My yesterday's view on a number of stocks is
still valid, and I am following them myself.

If you feel that my market view recently is too
simple and short, that is because I wasn't given
any good indications from Mr Market. Volume
has been dropping for a handful of Hot stocks and
I know that the imminent will come, but the
issue is When? Some of the stocks remain to be
trade-able, so I am taking the chance to squeeze
the last few drops of juice out of them. It is quite
risky to trade nowadays, as the margins are not
as profitable as before, but I am staying put.


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