Market View 25 January 2011

Wall Street surged in overnight trade as "The 
Dow Jones Industrial Average finished within
striking distance of 12,000 Monday, fueled by a rally
in materials stocks on dollar weakness and a bounce
in tech following Intel's dividend and buyback
announcement." Dow surged 109 points, S&P 500
gained 7 points and Nasdaq advanced 28 points.


Yesterday's market was rather listless and quiet
for most stocks and most of the trading day.
It is interesting how I managed to keep my eyes
open for the whole day. We can expect a better
opening this morning but the issue is whether the
momentum will continues throughout the day
or will it fade away in the afternoon.


Genting hit the 2.18 resistance wall again yesterday
and got hit real bad as it reversed and closed at 2.12
just a single bid away from the major support of 2.11
I believe there will be a intense tug-of-war around
the price region but the support should hold. Even
if it is breached, it will only be temporary and the
supporting cavaliers will be in to grab the bargain.
Take note that this is my personal view on the stock
based on my understanding and experience with it.

Many stocks have corrected to a reasonable support
zone and should this great sales continue, I believe
the buying will accelerate and snapping up the bargains.
The palm oil stocks are steadily gaining ground and
they should be watch in such a time and sentiment.


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