Market View 13 August 2010

Wall Street is in red again as "Stocks ended down
for a third straight day on Thursday as an unexpected
rise in jobless claims and a sobering revenue outlook
from Cisco underscored the hurdles to economic recovery.
Thursday's drop comes a day after all three major indexes
posted their worst percentage declines in more than a month,
erasing gains for the year in the aftermath of a gloomier
outlook from the U.S. Federal Reserve."
Dow dropped 58.88 points, S&P 500 down 5.86 points
and Nasdaq slipped 18 points. (So many '8's)

Ok, today is Friday the 13th, so will anything bad to our market?
It is just another trading day to me.
Yesterday, most stocks opened down in the morning but
most managed to close at or near day-high and some greens
popping up to brighten up my trading screen.
We can see that Broadway, Cosco, YZJ, Ezion and our
dearest Genting among the gainers, and it is very
likely they will continue the move today.

Genting just reported a much-expected result and I
will watch it closely.I am also watching PEC and
Sound Global.

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