Market View 14 January 2011

Wall Street closed lower as "Stocks edged lower
on Thursday, hurt by a slide in drugmaker Merck
and as falling commodities prices hit shares of natural
resource companies." Dow dipped 24 points, S&P
500 fell 2 points and Nasdaq dropped 2 points.

Yesterday, many pennies were having profit-taking
session while STI continued to close in the green.
Recent hot stocks like Sinograndness, Ezion and
PEC also took hits. It is perfectly normal that profits
are being taken out of the stock, that is why we need
to have trailing stop when we are trading stocks.
The main thing is whether the stocks have really ended
their uptrend and do you know when to go into
the stocks again?

Genting stopped at the 2.18 support level again yesterday
and closed at 2.19 It has been range bound recently and
looks to be in this way for some time before breaking
out on either side of the 2.11 or 2.25 level. I am more
of a bull on the stock.

Sinograndness reached a new high of 51.5cts but closed
at 49.5cts. Further downside will be tested around the
48cts level before it resume its surge again.
Sinotel and United Envirotech may rest for a longer
period but I am still optimistic on the 2 counters.

Today is Friday and many market players may choose not
to hold any position over the weekend so be aware of
any selling.


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