Market View 3 November 2010

Wall Street closed green as "U.S. stocks
ended higher on Tuesday on the expectation
the election and a Federal Reserve decision would
create a more business-friendly environment, 
though many traders forecast a sell-off in the days ahead."
Dow gained 64 points, S&P 500 rose 9 points
and Nasdaq advanced 29 points.


Yesterday, Genting hit the 2.26 resistance as what
I have written in the blog and reversed to close
at 2.23 The upside test will still be 2.26 followed
by 2.30 as what I wrote yesterday. 
Plantation stocks continued to perform reasonably well
and I don't see why it won't continue to do so.
The resistance and support of Golden Agri and 
First Resources were mentioned yesterday and
continue to be this way.


Recently, a few punting stocks have been providing
profits to me and the readers alike. We have Sound
Global and Longcheer as recommended by me, and 
it look like we will see Sinotel, CWT and Hi-P in action.
Sinotel will announce result next Monday and CWT
got a fundamental news if you did a read-up.
Before I forget to write again, MIT will be hot-up
if it manage to break the 1.11 resistance and further
upside can be seen.

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