U.S. stocks fell on Monday, led by the S&P energy index's biggest one-day percentage drop since late August as oil prices slid to their lowest point in nearly seven years.
Hong Kong shares ended fractionally lower on Monday led by a tumble in energy heavyweights as investors worried about persistent weakness in oil prices.
Plan A : Above 22407, do nothing
Plan B : Below 22025, do nothing
Plan C : Consider selling if market gaps up but fails to break above 22407
Plan D : Cut above 22492
Plan E : Attempt buying if market supports well above 22286
Plan F : Cut below 22210
FKLI
Market was visibly weak despite gaining 6-points for the close yesterday. Failure for market to stay firm above 1674 shows that investors are either not interested due to year end holidays or staying cautious ahead of more uncertainties. However, it will be important for market to at least close above 1666 today to prevent itself from facing any selling pressure.
Plan A : Attempt selling if market fails to hold above 1666
Plan B : Cut above 1674
Plan C : Consider buying if market supports above 1658, rebounds and hold firm above 1666
Plan D : Cut below 1662
FCPO
FCPO continue with the up-channel on Monday in conjunction with the extraordinary performance from Dalian and soybean oil. However, the sailing may not be so smooth today as Dalian and overnight soybean oil literally slumped. Ringgit further weaken to RM 4.26 against the US Dollar.
Plan A : Likely for market to gap-down at opening. Buy if market retraced and supported above 2397 or 2414. Targets are 2432 and 2489. Do not rush in and wait for market to stabilize.
Plan B : Sell only if market failed to rebound above 2414. Targets are 2390 and 2377.
Plan C : Overnight buyer hold on to position unless support at 2384 is breached. Targets are 2489 and 2547.
Plan D : Above 2410, no fresh position.
Plan E : Below 2390, no fresh position.
*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. 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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