Market View 23 July 2010

Wall Street surged in overnight trade as "Earnings
from economic bellwethers 3M, UPS and Caterpillar
catapulted stocks on Thursday as investors shed some
of their fears about the strength of the recovery."
Dow surged 202 points, S&P 500 gained 24 points
and Nasdaq added 59 points. Look like we will have
see-saw trading sessions for the reporting reason.

Yesterday, STI rose 1%, but many pennies were
either unmoved or even ended in the red except for
the mid-caps. Cosco and YZJ did well yesterday
with Cosco surged 10cts to close at 1.61
It will face resistance at 1.63 and will support at
1.57 YZJ gained 4cts yesterday to close at 1.47
and will meet resistance soon at 1.50 and will be
supported at 1.43

Genting will continue to test the 1.22 resistance level
with 1.17 as the supporting hand. PEC and Sound Global
will move along its 81.5cts and 73.5cts support level.
A few readers asked me about Longcheer recently.
I have to say that it needs volume to come in before
any surge can appear, which I believe should be soon.

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