Market View 23 December 2010

Wall Street continued to move higher as "U.S.
stocks finished at a two-year high Wednesday,
with the S&P 500 Index up for a fifth straight session,
as investors sorted through varying signals from earnings
and economic data." Dow up 26 points, S&P 500
added 4 points and Nasdaq advanced 4 points.


Some readers commented on Skype that the market
was quite boring this week with little actions if any
on the winner stocks. I have to agree to a certain
degree that this is true but it is quite normal as we
are in a festive season and many are more risk averse
and won't risk big money into the market now.
Frankly, my positions in the stocks that I trade had
also decrease although I won't hesitate if I see a good
bargain with any selloff now.

Many stocks are near or at their support level now.
We have Genting at 2.10 and 2.11 being the next resistance
level. Golden Agri at 76cts facing the 77cts resistance
which is just a stone-throw away.
Look like we are going to have another few quiet sessions
for this week and the next.


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