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Friday, May 7, 2010

Market View 7 May 2010

Market tumbled in the US but it is due to errorance
trades more than actual massive sellings. "U.S. stocks
plunged as much as 9 percent on Thursday as losses
caused by Europe's debt crisis turned into a stampede
of automated selling, pushing the euro to an almost
14 month-low and gold to near record highs.

U.S. regulators investigated whether erroneous orders
caused a 10-minute nose-dive that dragged the Dow Jones
industrial average .DJI into its biggest ever intraday drop
in terms of points, a fall of 998.5 points at its low point."
At the end of the closing bell, Dow clawed back to close
down 345 points, S&P 500 plunged 38 points and
Nasdaq fell 83 points. I believe the market will be more
stable tonight, and anything is possible now.

Ok, if you are expecting a major market onslaught today,
and you are going to place your shorts when the market opens
then you maybe in for a surprise and disappointment.
Market will open sharply lower, but I see it regain the lost
positions rather than continue to nose-dive. And yes, I will
be picking up broken pieces at the support price of the
winner stocks that are in my watchlist.

Yesterday, I know that a few readers won on positions at
Cosco, YZJ, Mermaid and even Global Palm, and you will
be rewarded if you have your stops in place. A few members
asked me about how do I know that Global Palm will
not drop further and will stage a rebound. It is all in the chart,
as long as you know what you are looking for. My view will
still stands for Global Palm if it is above the recent 36cts low.

Watch the "bloody" show unfold today, but the climax of the
show will be when the selling is supported by equal or stronger
buying, and the finale will be an interesting one, and for some
readers, a rewarding one as well.

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

Thursday, May 6, 2010

Market View 6 May 2010

It was another day of "reds" in the US "as more signs
emerged that the fallout from the Greek debt crisis
could spread to bigger European economies"
Dow lost 59 points, S&P 500 dropped 8 points
and Nasdaq fell 22 points. If you ask me for my view
on the Europe debt crisis, I will tell you that it is
just a minor issue, but it is the uncertainities and fear
that is causing the selloff right now. To me, this is all
but just a market correction reacting to a fundamental
news, and we should be back to the "greens" soon.

It was a pool of reds in my watchlist yesterday, but most
stocks closed above the day-high, and we have some greens
poping-up as well. YZJ managed to surge and the profit of
a few cents is still quite good on such a trading day.
A skype member asked me about this stock yesterday and I
told him it is a strong stock in a weak market yesterday. I wonder
did he benefited from it.

There is a recent IPO Global Palm which a few members were
asking about, and wanted to know its trading potential. I looked
at its chart since its debut and it show no sign of trading signal
until it closed at a high yesterday. I believe that it may have
bottom-up from the low, and should be a good trading opportunity.
My view will be negated should it fall below yesterday's low, but
the 37cts support/resistance level will be closely watch.

The market should be pretty volatile today, and it is a good
strategy to stick with the greens in the stocks that I mentioned
yesterday.

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, May 5, 2010

Market View 5 May 2010

It was a big pool of reds as "Investors dumped stocks
on Tuesday in Wall Street's worst session in three months
on the fear that even with a bailout for Greece, Europe's debt
crisis could spread to other weak euro zone countries."
Dow dropped 225 points, or 2% to 10923, below the 11000
support level again. S&P 500 slided 29 points, or 2%.
Nasdaq tumbled 74 points, or near to 3%. I am pretty
confident that this sell-off will not last long, and we will see
a rebound soon.

Ok, I have taken a good break and rest, and is now back to
trading. What a "good" day for me to start on my 1st day
of trading! Maybe some readers will comment that I have
chosen the "perfect" time to go for a holiday, and missed out
on those few "red-letter" trading days.
Haha, I missed those few sell-down trading days but I also
missed some winners like Genting when it surged to a high.

Anyway, we can expect a weak opening today with some stocks
even opening with a gap-down, but is it going to be a all-red
trading day? I certainly don't think so. It is likely we will still be
able to see some greens among the reds, and the index should be
better after the lunch break.

I went through the charts of my watchlist of stocks yesterday,
and many have reached their important support level, so I will
watch them for any rebound play. In particular, I will look at
Genting, Sound Global, Sinotel, Broadway, PEC, First Resources,
CAO, Cosco, YZJ & Mermaid. Stick with the greens.

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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