Market View 22 December 2010

Wall Street ended in the green as "U.S. stocks
caught an updraft from the financial sector
Tuesday after a large banking acquisition heightened
expectations for more deals, and the S&P 500 Index
rose for the fourth straight session."
Dow up 55 points, S&P 500 gained 8 points
and Nasdaq advanced 18 points.

I am late in writing blog for today so I will make
it a short and sweet one.
Expect the market to be still in a joyous mood and
stocks will likely go up in this few days before the
Christmas feasting and celebration.
Genting rested on the 2.11 level again with a day-high
of 2.13 yesterday, I expect it to move toward the
2.18 resistance again, but should it close below
2.11 in this 3 days then it will move within range again.

Golden Agri will try and break the 77cts resistance
in as many tries, I expect it to hit the 80s if the strong
momentum continues.

A readers asked in the comment to what are the
Techs stocks worth a look-up. I will give you a few
example of the good potentials. Techs stocks like
Hi-P, Broadway, Sinotel, ECS, Trek, Innotek and UMS.
The list is not exclusive and conclusive and definitely
not exhaustive, but these are the few that is considered
great potentials to me.

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