U.S. stocks rallied for a second day on Thursday, boosted by expectations the U.S. economy will continue to improve and by hopes for more aggressive action from the European Central Bank.
Hong Kong shares roses for a second day on Thursday, helped by a rebound on U.S. markets and expectations of further monetary easing in Europe. China will release its CPI data at 9.30 am today while U.S. non farm payrolls for month of December will also be monitored tonight.
Plan A : Above 23984, do nothing
Plan B : Below 23633, do nothing
Plan C : Consider intraday sell if market stays below 23850
Plan D : Cut above 23984
Plan E : Attempt buying if market holds firm above 23716
Plan F : Cut below 23633
FKLI
Market stood firm yesterday with another 22-points gain for the day. Market is expected to rally
further today after overnight Dow gained 323-points.
Holding long
Plan A : 1724-1758, do nothing
Plan B : Below 1724, liquidate
Plan C : Above 1758, consider taking profits
Plan D : Intraday players can consider going long around 1733 level
Plan E : Cut below 1726
FCPO
FCPO ascended to recent high of 2379 yesterday and settled at 2369. Market stays firm on its ground
with weaker Ringgit while Dalian and soybean oil are trading slightly upwards.
Plan A : Overnight buyer hold on to position. Support is looking at 2331. Target is 2442.
Plan B : Intraday investor may sell if market could not break above 2393. Target is 2344. Place a stop at 2402.
Plan C : Fresh buyer stay out.
Plan D : Above 2400, do nothing.
Plan E : Below 2330, do nothing.
*Disclaimer: This information is intended to assist professional investors. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment
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