Market View 3 September 2010

Wall Street continued to climb higher as
" stocks rose on low volume on Thursday as data
showed improvement in housing and the job market
a day ahead of the critical monthly payrolls figures.
Investors built on Wednesday's sharp advance as
indicators provided the latest reason for optimism the
economy could avoid another downturn.
But the nascent rally could be derailed if Friday's jobs 
data disappoints investors."
Dow rose 51 points, S&P 500 added 10 points and
Nasdaq advanced 23 points.

Genting hit a high of 1.83 before profit-taking took
place and went to close at 1.76 It is going to be
interesting for the stock at it is currently stucked
at the middle of the trading range. 1.83 will be a
strong resistance and 1.70 will provide the needed
support if it is being "called".

Today is Friday, and I won't be playing show-hand
but it will be cautious tradings, if any. Look out
for the 90s stocks charging up, like CSE, PEC,
Swiber.

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