Market View 28 July 2010

Wall Street ended mixed in overnight session as
"The S&P snapped a three-day winning streak on
Tuesday after mixed earnings reports and a fall in
consumer confidence, but analysts said U.S. stocks
were taking a breather and the rally could pick back up."
Dow up 12 points, S&P 500 lost 1 points and Nasdaq
fell 8 points.

Yesterday most Hot stocks were in action with
Sound Global surged 2 cts to close at 76.5cts.
I talked about this stock in the blog yesterday and
it is looking to head toward the 80s, but the readers
should still set a trailing stop.
Genting is still heading the 1.27 resistance level, and
the buy/sell action there is likely to be vigorously contested
with 1.22 as the support.


PEC once again hit the 87cts resistance level and reversed
back down to close at 85.5cts I will be very interested when
it break the resistance again.

Yesterday also saw a few techs on the run. We have
Broadway jumping up 7cts to close at 1.26. I will
watch it very closely. The O&M stocks are also waking
up and I noticed that CSE Global is heading toward and
passing the $1 mark, and I will target Cosco and YZJ to
be on a look-out.

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