Market View 29 July 2011

US market closed mixed with the Dow
and S&P 500 fallen in consecutive days.
Dow was up about 80 points at one stage
during the early trading day but reversed
and closed down 62 points.

Initially, I am quite confident that all things
will be well by 2th August and the US debt
ceiling crisis is just a mere wayang show.
To me, the politicians regardless of which side
you are on will not want to incur the ire and
wrath of the citizens and jeopardise their position.
The confidence in me has falter somewhat
although I don't see a major financial catastrophe
coming soon, but it is certainly going to be
THE major event of the year till date.
In the reports that I read, the issue is not going
to be settled by the deadline but temporay
measures will be taken as further discussion
and talks continue. The US market has factored
in the uncertainties and volatility as the indexes
clearly shown, but it seems like the rest of the world
is still basking in the sun. Is this a realistic confidence
or the calm before the storm?

I can say that I have turn cautious and wary of
the market conditions. As what I mentioned to the
members, I am sticking to my trailing stop in
case of any drastic happening or the unforeseen.

Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-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 

别人笑我太疯颠，我笑别人看不穿