Market View 6 August 2012

US market soar last Friday following a
better-than-expected employment report.
Dow was up 217 points or about 1.7%,
Nasdaq and S&P 500 also added 2%.
Our market also performed very well last
Friday with a handful of stocks surging
through the roof.

China Minzhong continue to run up after
crossing the 63cts resistance with style.
It will likely meet the resistance around the
69-70cts level. Its Full-year result is coming
toward the end of the month, and it will be
a focus from now till then.
Sakari is also a very good run after reporting
a decent result. If it can sit comfortably above
the 1.45-1.455 level, then the next hurdle to
cross is around the 1.50 level, but I am seeing
exhausted  signs in the stock now.

Somehow, I got to talk about Genting today.
I told a few Skype readers that Genting is in a
stage of decision time last Friday. Base on the
chart, it is either to explode upside or downside
with a bias of upside in my view. Indeed, it broke
out and it will face strong headwind in the 1.33-1.34
region today. Genting will announce its Q2 result
on August 10 after trading hours.
I also observed that there are excitements with the
recent IPOs and I will be watching them closely too.

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