Market view 19 August 2010

Wall Street ran up slightly "led by gains in consumer
stocks after a sales forecast from discounter Target Corp 
temporarily quelled concerns about consumer demand."
Dow rose 10 points, S&P 500 up 2 points
and Nasdaq advanced 6 points. 


Yesterday, I was right on the dot with Genting yet again.
I stated that the support for the stock is at 1.51 and the
resistance is at 1.57 and that is exactly the price range 
for yesterday. I will be very interested when it surge
pass 1.57 as the next resistance is at 1.63 If 1.51 is
breached, then it can be supported at 1.45


Recently, I can only concentrate my trading on
a handful of selected stocks, but the returns are still
reasonable and decent buoyed by the superb surge
by Genting. Sometimes, you really need not see
a lot of stocks, but can just focus on a few winners,
and it will be enough profits for the trades.


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