Market View 8 July 2010

Finally , Wall Street managed to sustained a reasonable
rebound and closed on a high. "U.S. stocks logged their
best one-day gain in about six weeks on Wednesday after
a bullish forecast from financial company State Street Corp
fueled optimism about the coming earnings season and helped
the S&P 500 break above a major resistance level."
Dow surged 275 points, S&P 500 charged 32 points
and Nasdaq gained 66 points. Will the bullish sentiment last
or is this the last throw of the dice? We shall see the
real action revealed in the next few days.

Stocks will definitely open on a high note today but I
don't think it will last throughout the day. Stick with
the mentioned stocks on intra or contra trades and
have a cut and stop ready for any untoward circumstances
in the market.

Genting is still in its tight trading range but it is likely to
test the 1.22 resistance again. It is a good opportunity
to lock-in profits for any intra and contra trade that
you may have.
While scanning for stocks recently, I noticed a stock
Longcheer's movement, and I like its chart formation
so I am keeping close watch on it.



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