Market View 3 December 2010

Wall Street continued to be in the green as "Stocks
rallied for a second straight day Thursday, with
assurances of support from the European Central
Bank helping ease investor concerns over the region’s
debt, while upbeat U.S. reports on retail and home sales
lifted investor sentiment."
Dow gained 107 points, S&P 500 added 15 points
and Nasdaq advanced 30 points.

Yesterday, many stocks never performed as well
as expected and a handful of them even closed
in the red. With US indexes surging again for the
2nd day, we shall see whether the resistance can be
broken again.

Genting continue to have 2.04 as a good resistance/support
level and any surge will be likely capped at 2.11 initially
before any more meaningful surges. GLP's 2.25 resistance
were broken temporarily yesterday but it reversed and
closed at 2.24 It will test it again and with next 2.32 in sight
when broken convincingly.

The palm oil plantation stocks is still performing well and
I have a few readers gaining and profiting from their
moves lately. I simply like to follow the winner stocks till
the trend ended and nothing done before so. The trick of
adding on position to winner stocks is one that the retailers
need to add to their trading strategy to near-maximum profit
from the surging stocks.

Today is Friday, so history may repeat itself and stocks
may not close as strong as the opening due to sellings
before the weekend. That is what I will do as well if you ask 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