U.S. stocks fell on their first day of trading in 2014 as investors booked profits in the wake of the S&P 500's best yearly advance since 1997, with many of last year's strongest performers down on the day.
Hong Kong shares eked out a slight gain on Thursday, in spite of falls by Chinese financial and energy firms after China's official and private manufacturing surveys both signalled lower growth in the world's second-largest economy.
Holding a sell
Plan A : 23121-23387, do nothing
Plan B : Above 23387, cut
Plan C : Below 23121, consider buying back first if market refuses to fall further
Plan D : Consider turning buy if market remains firm above 23252 and triggers a buy
Plan E : Cut below 23252
FKLI
Market was visibly weak, moving in tandem with regional markets yesterday after China PMI figures showed weakness in China's economy. Market is expected to face selling pressure once again today, in a follow-through selling trend after supports were broken yesterday.
Plan A : Attempt selling if market trades near 1856
Plan B : Above 1863, cut
Plan C : Below 1826, consider to take profit first if market holds
Plan D : Consider turning buy only if market rebounds from 1826 and holds firm
Plan E : Cut below 1826
FCPO
FCPO market may go through some turbulence today as regional is slightly down. However, it may not deviates too far from yesterday settlement price. This trend may be a slow ascent.
Plan A : If you are holding a buying position yesterday, place a stop at 2634 or below.
Plan B : Market above 2670, do nothing.
Plan C : Below 2610, do nothing.
Plan D : Could attempt selling when market is at its extreme end and does not break 2689 or 2692. However, do place a buy stop at 2700 if it does went up.
Plan E : Intraday player may wan to play around consolidation range of 2628 to 2670.
*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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