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Friday, April 9, 2010

Market View 9 April 2010

Wall Street moved up in overnight trade "after
surprisingly strong March retail sales increased
optimism that the economic recovery is on track."
The indexes went into the positive territory in
the afternoon and closed in the green after suffering
losses the previous day. Dow added 30 points,
S&P 500 gained 4 points and Nasdaq rose 6 points.
We will see the corporate result out very soon, and
it will be interesting to see whether the rally continues.
I am bullish bias that it will, but Dow will face tough
resistance at 11100 at first in order to proceed further.

Lately, there have been many "strangers" being pushed-up
in the Top Volume, and if you have not been tracking
or trading them, then I would suggest that you should
stay out of them, as they are waiting for more people
to sit up in their muscial chair which will stop without warning.
You won't want to be last one left sitting.

The Techs have been doing well, with the likes of Broadway,
Innotek, Techcomp, even DMX which I also notice it
running up. Don't worry, the techs should have many more
legs to run, but one should really pick-up the winners in them.
Marine and offshore stocks are also leading the winners,
with Cosco, CSE Global, YZJ, some stocks that I have
mentioned.

If you want to trade Genting, then take note that 92cts
is an important level to the stock. Take a look at the
chart how important it is. I have been asked many times
about Genting, so I just need to review it everyday.

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.

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!

市场生存座右铭: 风林火山

P.S.: I will be taking a week-long vacation at the end of April
to re-energize my body, energy and soul. I will update the
dates soon.

Thursday, April 8, 2010

Market View 8 April 2010

Ok, I will keep it short for today.
Wall Street closed down in overnight trade "after a
top Federal Reserve official said interest rates should
not stay low for much longer, giving investors an excuse
to take profits." Dow dropped 72 points, S&P 500
gave up 7 points and Nasdaq fell 6 points.
I still maintain the view that it is likely that the Dow will
face strong resistance around the 11100 points region,
so I believe there is still upside from current level, but it
is quite limited and capped ahead.

Obviously, local stocks will open weaker this morning
but I believe that the selling are likely to be capped as well.
I don't see a large-scale sell-off now, but a normal
profit-taking session taking place. I certainly will be looking
for bargains to enter on weakness, but rather selectively this round.
Sticking with the Techs, Offshore and Commodities at the moment.

Somehow, I just got to talk about Genting everyday.
As what you can see, Genting surge past 92cts yesterday but retraced
in the afternoon and closed lower at 90cts. My personal view is
that it should be able to test the resistance again, but if it should
drop back to 86.5cts, then it have to regain momentum again for
the next charge-up.

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.

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!

市场生存座右铭: 风林火山

Wednesday, April 7, 2010

Market View 7 April 2010

Wall Street closed mixed in overnight trade as
"S&P 500 and Nasdaq rose modestly on Tuesday
as the banking sector got a lift from positive analyst
comments, while minutes from the Federal Reserve's
 last meeting eased concern over rising rates.
Dow dropped 4 points, while S&P 500 gained 2 points
and Nasdaq added 7 points. I still maintain the view
that it is likely that the Dow will face strong resistance
around the 11100 points region, so the upside is capped.

Ok, we have a few superstars in yesterday trading but did
you benefit from their surges? Sound Global is one of them.
I mentioned about it in yesterday blog that "Sound Global is
still in a resting mode which I am also waiting for a surge
pass the $1 mark again." I don't have to wait long, it charge-up
yesterday and closed above $1 at $1.02 A good few cents
profit for those who went in.
Also as expected, Genting indeed went up to hit the 92cts
resistance again and dropped back to close at 91.5cts
I am expecting 92cts resistance to be broken and head toward
the 98cts resistance next. If you have been trading Genting
in the last few weeks to months, you will have profited multiple
times just trading this range-bound play.

I still like the Techs as they will spur up to life just when you
least expected it, so watch them closely. PEC surged past
the resistance level and closed at 79cts, I like its chart and
it should have more upside provided that its 77.5cts level
is not broken again. Offshore Marine stocks are also ripe for
another run-up, and I have been mentioning them lately.

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.

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山

Tuesday, April 6, 2010

Market View 6 April 2010

Wall Street rose on overnight trade, "pushing the Dow
up near the 11,000 level, as signs of a turnaround in the
U.S. labor market bolstered hopes the economy is
strengthening and the profit outlook is brightening."
Dow added 47 points to close at 10974, S&P 500 gained
9 points while the tech-heavy Nasdaq surged 27 points.
"The Dow Jones industrial average and the benchmark
Standard & Poor's 500 Index both finished at fresh 18-month
closing highs. The Nasdaq ended at a 19-month closing high."
It is likely that the Dow will face strong resistance around the
11100 points region, so the upside is capped.

STI continued to surge high following the US counterpart
and closed up 25 points at 2968 yesterday. I believe that
the index still got about 100 points upside for the next few months
as it will meet resistance at psychological level 3000-3070 points.
With the corporate results coming out very soon, this level
is achievable, but further upside is likely capped unless there are
favouable catalyst from Uncle Sam or within ourselves.

Commodities and Offshore Marine stocks were the main
superstar winners in yesterday trades, while there are still
reasonable gains from a few tech counters as well.
Some readers asked me about some "strangers" stocks
in the Top Volume, which I have to reply that I have totally
no interest and intention to trade. It is very normal to have
"strangers" suddenly being pushed-up in the Top Volume,
being just a stock rotational play. I would rather stick to those
stocks that I know pretty well, and enjoy the surges with
more confidence.

We are likely to see a pull-back or a profit-taking session
today after recent strong gains. Keep a close trailing stop
and you are well-protected. Genting is heading toward the
92cts resistance again, and if it can gain momentum and
break it cleanly, it will have another good run-up.
Sound Global is still in a resting mode which I am also
waiting for a surge pass the $1 mark again.

Stick to the Techs, Commodities and Offshore stocks
if you are in the market, but watch for sudden change
of wind direction.

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.

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!

市场生存座右铭: 风林火山

Monday, April 5, 2010

Market View 5 April 2010

After a good 2 days rest away from the market,
I am feeling much much better and ready to face
Mr Market again. Thank you for the couple of
concerned emails received.

We had quite a good performance last friday
with the STI up by 56 points or 1.9% but you will
only made good profits with some Hot penny stocks
as what I have seen. I mentioned on last thursday that we
will have wild swing and indeed that was what happened
in the last 2 trading days.

Stocks are likely to gap-up today but I don't see them
continue to run a long way, but will gradually become
weaker as the trading hours pass-by. Take note that
Genting and Sound Global are still resting and consolidating
at their support level but they will, as usual, wake up with
a bang in due time. The commodities are doing well currently
along with the techs.

Techs: Broadway, Hi-P, Innotek, PCI, Techcomp & Sinotel

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.

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!

市场生存座右铭: 风林火山

Disclaimer:

Please be aware that I am not a Certified or Qualified Financial Adviser, the views and recommendation on this blog is purely my own.

Please seek investment/trading advices from your Financial Professionals, Dealers, Remisiers before making any investing/trading decisions.

I will not be responsible and liable for any losses incur from my views and recommendations in my blog.

Take note that I may have current positions or seek to enter or add positions in the stocks that I wrote in my blog.

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