The S&P 500 and the Nasdaq ended modestly higher on Friday, led by gains defensive names after a weaker-than-expected payrolls report raised new questions about both the strength of the economy and the aggressiveness of Federal Reserve stimulus.
Hong Kong shares inched higher at the end of an anaemic week, as a rebound in local and China property developers offset weakness among Chinese brokerages after a media report said a company was pressured to delay its mainland listing plans.
Holding a buy
Plan A : 22800-23068, do nothing
Plan B : Below 22800, cut
Plan C : Above 23068, consider to take profit first if it does not goes up further
Plan D : Consider turning sell only if market fails to breach above 22994 and trigger a sell
Plan E : Cut above 22994
FKLI
FKLI went through another lacklustre performance last Friday with investors staying cautious ahead of more uncertainties. Market could recover slightly today but selling pressure will continue to stay for the time being
Plan A : Sell around the 1830-1832 level
Plan B : Cut above 1835
Plan C : Buying can only be considered if market test 1814 but holds firmly above
Plan D : Cut below 1812
FCPO
Market has gone through six days of down market and last week it even continue to flush following the announcement of weak export data recorded in SGS and ITS though MPOB result is kind of neutral.
Plan A : Selling may be a bit risky to do for long term player. Therefore, avoid selling.
Plan B : Buyer could try to buy, taking 2491 as the support if market stabilizes and does not hit new low. Adjust your risk to 10 to 20 points from the support price. Target looking at 2554.
Plan C : Range trading for intraday player may not be appropriate today.
*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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