Market View 4 June 2010

Wall Street edged up another positive finish as
"Stocks rose on Thursday, led by a late-day surge
in technology shares as investors geared up for a strong
unemployment report on Friday. Stocks seesawed
throughout the session, shifting between optimism and
pessimism on a variety of factors, including technical
resistance at the S&P 200-day moving average,
the euro's weakness, and supportive labor market data."

I am sure it was a good trading day for many readers
yesterday as most good trading stocks ended in the
green and some surged high. I only "touched" on a
few stocks which I mentioned in blog and they performed
respectably to say the least. Most readers should still
have them held over to today, so just have a
stop ready for any untoward action from Mr Market.

A skype reader asked me about the infamous "World Cup
Effect" on the market, be it the global or our local bourses.
I believe that the efftect will be minimal this time round
given the uncertainities in Europe creating the volatilities
in worldwide markets. Any "breaking" news may trigger
another selldown which will keep traders glued to the seats.
I am a football fan, but if you put money and football infront
of me, it is obvious what I will choose. What about you?
Don't ask me for my favourite team or my predicted World
Cup winner as it will be the same few teams. And I don't
give Singapore Pools money betting on the football matches,
I would rather deal with Mr Market, as I know him more.

I will be cautious today and will not seek to add any position
but looking to a good time to clear my contras, and only
hold some deep in-the-money positions over the weekend.
I am thinking of heading down to the Book Fair 2010 to give
some inspirations and nutrients to my over-work brain.
Some books on my hobbies and maybe a joke book or comic
will surely be much welcomed, as I am not a trading machine
who only read "boring" financial/investment/trading books.

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 Juvaat !!

市场生存座右铭: 风林火山

Market View 3 June 2010

Ok, I am back after taking a 2-day break from the market
due to heavy flu.
I got an announcement to make, and it will happen after
market close tomorrow or during the weekend.
Don't worry, I am not closing this blog for good. On the
contrary, I am adding some more incentives to the readers.

Wall Street rebound in overnight trade as "Stocks rallied
on Wednesday as investors rushed back into beaten-down
shares, led by energy, which bore the brunt of the sell-off
a day earlier". Dow surged 226 points, S&P 500 gained
28 points and Nasdaq rose 59 points. The market is going
to continue to be volatile, irrational  and unpredictable unless
a clearer picture comes out of the Europe region and the
world economy.

Last 2 days' trading during my absence has been interesting
but only on a handful of stocks, with Genting, Cosco being
the stars. Some members asked me about the next
support/resistance level of Genting. 98cts is a good support,
and 1.05 the next resistance, and ultimately 1.11 being the
major resistance which I believe will be tested. Get the hint?

I will trade on a few other stocks like Cosco, Sound Global,
PEC and  YZJ on intra and/or contra, and will take
profits along the way with a defined ready trailing stop.

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

No Market View Today and maybe tomorrow

There will be no market view today as I am down with
heavy flu and my mind is like a whirlpool. I will take a
good rest today and will only be back when I am
fully recovered.

Market View 31 May 2010

While we were on public holiday last friday, Wall Street
registered again fall as "Stocks fell on Friday, capping off
their worst month in over a year as a downgrade by Fitch
of Spain's credit rating reignited worries about euro-zone
debt issues." It is going to be volatile and errational in
the trading days and weeks ahead with all these uncertainities
and untiring "spooky" news.

Ok, we are at the last trading day of the month, and it is
not going to be a good start of the trading day. Stocks will
open weaker, and I am actually hoping there will be
massive selling from the retailers and the unaware as
I see that the "supporters" will be grinning and grab up
the bargains.

Last thursday's superstar was Genting and the rest
of the winner stocks also performed respectably, but if
you held the stocks over the weekend, just have a stop
ready. Also on the watch are Sound Global, YZJ,
PEC & Cosco.

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