Market View 21 December 2010

Wall Street closed mixed with Dow in the
negative region as "U.S. stocks tacked on further
gains to push the S&P 500 to a two-year high on
Monday, continuing a steady upward march investors
believe will continue in 2011.
Volume was light, as is expected through the rest of 2010."
Dow off 14 points, S&P 500 gained 3 points and
Nasdaq advanced 7 points.

Yesterday, the market and my watchlist were a pool
of red as profit-taking ruled the day and stocks got
sell-down. Will this trend continues? I believe that
bargain hunters will be lured in and the stocks will
be supported if any selling continues.

Genting is now in the 2.04-2.11 range after hitting day-low
2.05 and closing at 2.08 Expect both side to be tested but
I am still bullish bias on the stock.
For the palm stocks, First Resources will find support
at 1.38 and resistance will be seen at 1.46
Golden Agri will have 77cts as the major resistance
and any downside will be supported at 73cts.

I don't know whether the readers observe something
with the market now, but take note of the Tech stocks
as I noticed that they are still green although the rest
are bleeding.


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