Market View 26 July 2010

Just a recap of last Friday and look forward to
this week's market action:
Wall Street ended in the green last Friday as
"General Electric delivered a shot of confidence to
U.S. investors when it raised its dividend on Friday,
pushing the S&P 500 through the key 1,100 level."
Dow up 102 points, S&P gained 9 points and Nasdaq
added 24 points. "Wall Street enters this week on the 
cusp of a breakout in U.S. stocks, but it will need 
another spate of convincing earnings reports to feed the
rally that sprouted at the end of last week."

On our local front, the mood is equal vibrant but the 
trading volume is mostly concentrated on a few ever-Hot
stocks and the rotational interest in the unknown pennies
suddenly appearing in the Top Volume.


Genting's 1.22 resistance will be tested again this week
and looking at the backing momentum, it should break it
and head toward the next 1.27 resistance level. 
Cosco as what I mentioned in last Friday has a resistance
level at 1.63, and although it gapped-up but it still closed
below the level. Any further upside is likely capped by
last friday day-high.


PEC will have a good run this week with 81.5 as a strong
support and heading toward 87cts resistance. Sound Global
will see resistance at 77.5cts and well-supported at 73.5cts

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