Market View 7 July 2010

Wall Street finally ended in the green zone as
stocks "rebounded on Tuesday, but strong buying
interest evaporated in the afternoon as bearish
sentiment reasserted itself." Dow initially opened
brightly and went up as high as 172 points, but it
was just 昙花一现, and the gain evaporated
to even negative 27 points before closing the day
up 57 points. S&P 500 gained 5 points and
Nasdaq added 2 points. Look like the market is waiting
for the killer-blow to KO the already-fragile sentiment.

Most winner stocks rebounded yesterday together
with the regional market indexes and the US futures.
The trading volume was understandably low as the
stock trading are concentrated on handful of selected
stocks and transaction parties.

Genting is trading (threading) on a thin line as it is
in a tight 1.11-1.15-1.22 range now. It is easy to trade
this stock but the margin is not that impressive any more.
Some skype readers asked me about the reason behind
the recent surge? I can tell you 101 stories behind the surge
from what I heard, there are rumours that it is doing
a stock and rights placement, to it have just been covered
in a few foreign stock reports. But the main action is all
shown everyday in its daily and weekly charts.

Stocks will open weaker and it is a good time to
lock-in profits according to the trailing stop that
you should have set-up. Just hope that there will
be another pump-and-dump action again.

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