Market View 1 June 2011

First trading day of June.
Yesterday was quite an interesting trading day for
many as there were late buying-up in many stocks
like Ezra, STX OSV and etc. A few readers commented
that our market players are quite kiasi and kiasu as
other regional market were surging near to 2%
while our own STI is only up 0.6%. Well, look like
it is in my mentality and we are not as gung-ho like the
rest. US market also surged more than 1% in overnight
trade, how will our market react today?

I believe that today will still be rather quiet with the
attentions and focus concentrated on just a handful
of stocks and not the entire market. Those stocks
that I have been mentioning for the last couple of blogs
are worth a look. Ezra and China Minzhong will be full
of vigour and power above the 1.63 resistance and I
believe that the 2 stocks will re-test this level again
and again, and it will be broken.  

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