Market View 6 July 2010

Wall Street was closed on Monday for Independence Day
and will resume trading. Looking at the futures now, it is
not going to be a pretty trading day tonight.

Some readers commented on Skype that the current market
is turning boring and the trading volume has shrunk.
It is true that the winner stocks are not as active and vibrant
as before, but there are still trading opportunities available.

Genting once again failed in its price advance yesterday
and closed at $1.15, the weak support level that I mentioned.
If the support is breached, then 1.11 will be the next target.
My view for Cosco and YZJ remains the same, but the only
slightly bright spot will be Sound Global. 

I will be cautious trading today as the US futures almost
certainly point to a ugly scene tonight, unless the sky turn
clearer as the day goes by. Stick to short-term play with
a view of taking profits and losses if the sentiment turns bad.

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