Market View 8 August 2011

What an eventful August that we are
having this year. After the US debt crisis
was resolved, we have the worries continued
for the US economy woe and the potential
Eurozone debt crisis. If that was not enough,
we have the S&P 500 downgrading the US
rating during the weekend. Look like we will
have a rather drastic and volatile month ahead.

As I was writing now, Nikkei is down by about
1% and there is no reason why our market will
not react the same way upon opening.
It is going to be a another pool of reds on
opening bell but it should be a more gently one.
As the day proceeds, the selling may intensify
if the US futures are showing another selloff
tonight. It is really a gloomy picture as the Dow
futures is showing a 1.8% to the downside now.

I mentioned that Dow will find support at 11350
last week, and although the index breached the
level in the beginning, it managed to close above
at 11445. But if the index breached through the
level again tonight and even below the Friday
day-low, it is really going to be chaotic and choppy
in the days ahead. We will take a break tomorrow
when we celebrate our National Day while letting
the rest of the markets unveil the impact of the recent
S&P downgrade.

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    

Happy National Day, Singapore! Majulah Singapore!