Market View 19 January 2011

Wall Street closed in the green after "Stocks finished
modestly higher Tuesday as buying interest in the
capital goods and materials sectors outweighed an
earnings miss from Citigroup and concerns about
the health of Apple CEO Steve Jobs.
Dow up 51 points, S&P 500 rose 2 points and
Nasdaq advanced 11 points.

Yesterday afternoon, there were signs of profit-taking
in the many pennies that has risen high recently.
We saw Sinograndness hitting a day-low of 54.5cts
before closing at 55cts. If you have read my blog last
week, my target for the stock is 56cts and I just missed
by a single bid as the recent high was only 56.5cts
I know a few Skype members sold the stock around this
price range and the profits was rewarding. It may start
to consolidate to form a base before staging another
surge. This is a stock that I believe has the potential to
reach the 60s but it will be in the next round of pump-up.

The palm oil counters were mixed yesterday with First
Resources leading the lackluster rest of the sector's stock.
I still believe that their surge is  not over. Watch for
the leader in Indoagri, Golden Agri and First Resources
while Global Palm and Kencana are just followers.

If you are looking for a potential explosive move stock,
I believe United Envirotech is a good choice.
Don't ask me whether it will move the same way as
Sinograndness, but looking at the chart, I am quite
optimistic on this stock

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