Market View 27 July 2010

Wall Street ended the trading day in the green as
"An upbeat outlook from FedEx, coupled with
encouraging home sales, lifted U.S. stocks on Monday,
keeping the S&P 500 above 1,100 for a second day and
suggesting the rally could last." Dow rose 101 points,
S&P 500 added 12 points and Nasdaq gained 27 points.
I believe the market will be strongly re-evaluate when the
reporting season is near its end, and we will see how
high the market can go before the correction.

In yesterday's blog, I never mentioned a lot about many
trading stocks, but I did talked on Genting and PEC's
trading strategy, and it is good that I know that some
readers did make some money from the 2 stocks.
PEC surged past the resistance 87cts and reached
a day-high of 88.5cts but it still closed below the
87cts resistance level at 86cts. It will try again
at the resistance but I see it being capped at 88.5cts,
that is yesterday's day-high.

Genting will have 1.22 as the support now and
should it fell below that, we will see 1.17 as the
next support, but its near-term target is still 1.27
which is few bids away. I believe Sound Global
will be lively and active very very soon, and the 80s
is coming...

Enjoy the bullish sentiment and momentum for the
time being as it won't last forever.

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