Market View 2 November 2010

Wall Street ended mixed after a very good start
of the trading day as "Investors were reluctant to
make big bets ahead of two events that could dictate
the stock market's direction for the rest of the year and
beyond, leaving shares little changed on Monday."
Dow was up as high as 125 points but closed up only
6 points, S&P 500 added 1 points and Nasdaq lost 3 points.

STI surged about 1.6% or 50 points yesterday
due to strong China manufacturing data, and 
good buying volume were seen in numerous stocks
including those that were recommended by me.
Plantation stocks did very well and we saw good profits
with First Resources and Golden Agri. First Resources
will face resistance at 1.34 and supported at 1.27
Golden Agri will likely be capped at 74cts and supported
at 65cts. The remaining 2 plantation stocks Kencana and
Global Palm have not really make their move yet.

Longcheer surged on good quarter result and closed
up at 81.5cts and will be good for a test for 52-week
high. Sound Global is also doing reasonably well and
a test of 90cts is likely and the support will be at 86cts.
Genting charged up yesterday after forming a good
support at the 2.18 support level and closed at 2.23

Further upside will be tested at 2.26 and 2.30

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