Market View 11 January 2011

Wall Street closed mixed as "Stocks finished on a mixed note
Monday as eurozone debt concerns weighed on sentiment
ahead of Alcoa's postclose quarterly report.
Dow fell 37 points, S&P 500 dipped 2 points and
Nasdaq advanced 4 points.


STI dropped about 1% yesterday and most mid-caps
and pennies were in the red. If you ask me why, I
will just tell you that it is purely profit-taking after a
good start to the market last week. It is perfectly normal
and healthy to have such a selling as long as it don't
turn into a heavy sell-off, which I doubt is going to happen.

The hot stock will wander around their support/resistance
at this time. Genting closed below the 2.18 level yesterday
at 2.17 It trading range for the time is 2.11-2.18-2.25
I am still bullish about the stock as it won't break too many
support level in my opinion.

I believe that some pennies may still have the strength to
be up at this time, and I specifically focus on Sinograndness,
Sinotel and United Envirotech. They are Ok on the chart, and
I believe they will be the punter's stock at this time.
The plantation stocks have been under great pressure lately
after surging higher and higher. I believe it is a temporary
short needed break and they will be in the focus again.

I have posted a 2011 Market View and Analysis yesterday night,
but it is only Part 1 and to be continued. In Part 2, I will talk about
the Techs stocks and IPO, and the die-die must see stocks, so
keep a look-out for it.


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