Market View 1 December 2011

Finally I am back into the market action
but what a bad time for me to be back today.
Stocks will definitely gap up today after a
strong rally overnight in the US and Europe,
I wish that I can pick up some bargains but I
guess that it is not to be this 2 days.
The news that " the world's leading central banks
acted jointly to provide cheaper dollar funding for
European banks facing a cash crunch." triggered
the rally but on the other side of the mirror, it also
highlight how deep and serious the problem is.

Anyway, it seems like my travel jinx is still intact
according to some of the emails I received and
last week was a good time to buy stocks.
I know some skype readers will ask me today whether
it is a "good" time to buy stocks. I still believe that
we should have a profitable year-end rally which
is still not too late to start, but stocks will open high
today and it may not be a good time to chase up.
After the dust is settled, there will be a pullback and
that is the chance that some is still looking for.
For those already invested, stay in there with Mr Market.

Some skype readers asked me about various stocks
in emails, but they are concentrated on a couple of them
like STX OSV, Genting, Noble, the ship-makers and
the commodity counters. For STX OSV, the nearest
resistance is at recent high of 1.24 but I believe the main
barrier is at the 1.27-1.28 level. Genting will face resistance
at gap-covering 1.57 and should it breech it, the next meaningful
hurdle is at the next gap of 1.625-1.64 Noble is the interesting
stock now and it will very bullish pass the 1.205 mark.

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 

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