Market View 11 August 2010

Wall Street ended in the red but recovered
well above day-low as "Stocks fell on Tuesday but
closed off their lows after the Federal Reserve said
it would take new steps to counter a weak recovery.
The Dow, which was down about 100 points before
the Fed's announcement, briefly turned positive, though
buying interest waned on the Fed's more pessimistic
assessment of the economy."
Dow lost 55 points, S&P 500 lost 7 points and
Nasdaq lost 29 points.


Ok, yesterday was a pool of reds for the pennies
and the mid-caps, but it is a much-welcome one
as many stocks gave up recent gains and had
become more "attractive" after this slim-down.
I talked about the commodities stocks yesterday
but I guess it was a wrong timing and they were
down with the major market trend. I believe they will
still make a move to the upside and I will watch
closely over them.

Sound Global announced result during the lunch-break
yesterday and did not have any post-result run or
sell-off, but I see a push-up for the stock. Next resistance
stands at 81cts. I am pretty bullish on another few stocks
like PEC and CSE Global. By the way, CSE Global will
be announcing result after market-hour today.

Last but not least, I would like to ask the readers whether
they believe it is 英雄造时势 or is it 时势造英雄.
Or on a simpler note, is the cup half-full or is it half-empty?
It can really reveals your inner beliefs and character,
and it will surface when you are dealing with stocks
be it investing or trading.

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.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!

市场生存座右铭: 风林火山