Market View 25 November 2010

Wall Street recovered from a low to close in the
green as "stock investors put aside worries about
swirling global problems on Wednesday, turning to
improvement in the labor market and signs consumers
are ready to open their wallets ahead of the biggest
shopping day of the year." Dow gained 151 points,
S&P 500 added 18 points and Nasdaq rose 48 points.
Do take note that US is on holiday tonight and trading'
will resume tomorrow.

When the cat is away, the mouse come out and play.
I believe it will be decent trading for the last 2 days
of the week. Selected stocks will be pushed up with
good volume and rewarding profits. Expect to see
Genting, GLP and Commodities and Plantation stocks
leading the way.

Genting closed at $2 yesterday and as what was mentioned
in blog, it will face 2.04 resistance and 2.10 next. Support
will be at 1.97 and 1.90 GLP will face resistance at 2.25
and supported at 2.17

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