A sharp rally in crude oil and energy shares lifted U.S. stocks on Friday, but indexes registered losses for the week. In the latest comments from Federal Reserve officials, Fed Chair Janet Yellen said late on Thursday the U.S. economy was on "a solid course," while New York Fed President William Dudley said on Friday a cautious and gradual approach to raising rates was appropriate.
Hong Kong stocks ended slightly higher on Friday as investors searched for cues on direction ahead of China's March economic data. China's inflation data are due today.
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Plan B : Below 20185, do nothing
Plan C : Attempt buying if market corrects and holds firm above 20222
Plan D : Cut below 20185
Plan E : Consider selling if market gap up but fails to break above 20538
Plan F : Cut above 20538
FKLI
FKLI showing signs of weakness with market failing to close above 1712 last Friday. Consolidation can be expected once again today if market were to stay within the trading range of 1702.5-1720.5. Long term investors are advised to wait for a clear break out before taking any position.
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Plan B : Cut below 1702
Plan C : Consider selling if market surges but fails to break above 1720
Plan D : Cut above 1726
FCPO
FCPO resume with the selling spree after failing to rebound further last Friday. Dalian and soybean oil are leaning towards positive net change while Ringgit strengthen against the greenback at RM3.89 today.
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Plan B : Buy if market opened lower and supported above 2655. Targets are 2679, 2685 and 2689.
Plan C : Above 2698, no fresh position.
Plan D : Below 2655, 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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