U.S. stocks slipped on Monday after a mixed batch of economic reports, which showed a slowdown in growth in the U.S. services sector and a rebound in new orders for factory goods.
Offshore Chinese shares listed in Hong Kong posted a third-straight daily loss on Monday, led by financial counters after the State Council issued new curbs on shadow bank lending that has caused debt levels to spike since 2008.
Plan A : Above 22781, do nothing
Plan B : Below 22611, do nothing
Plan C : Consider a buy if market
stays firm above 22657 and triggers a buy
Plan D : Cut below 22611
Plan E : Consider a sell only if
market test 22952 level but fails to breach through and triggers a sell
Plan F : Take a 60-points risks
FKLI
Persistent selling in FKLI prevented market from making any concrete recovery yesterday. Follow though selling could comes in today if regional markets continue to perform badly.
Plan A : Sell around 1832
Plan B : Cut above 1838
Plan C : Consider buying around 1814 level if it dips and supports well
Plan D : Cut below 1811
FCPO
Market has broken out of its consolidation range and eventually forming a downward channel after the gap down during opening. Market might continue its downside today with a gap down as regional market has been weakened since opening.
Plan A : Avoid selling today as the price might be too low to sell.
Plan B : Wait for a buy signal if market stabilizes. Support looking at 2545. Wait for market to consolidate for an hour and if the market is supported. May try some buying then taking 10 to 15 points risk. Potential profit looking at 2607.
Plan C : May not be advisable for range trading today as market is on sell trend.
Market has broken out of its consolidation range and eventually forming a downward channel after the gap down during opening. Market might continue its downside today with a gap down as regional market has been weakened since opening.
Plan A : Avoid selling today as the price might be too low to sell.
Plan B : Wait for a buy signal if market stabilizes. Support looking at 2545. Wait for market to consolidate for an hour and if the market is supported. May try some buying then taking 10 to 15 points risk. Potential profit looking at 2607.
Plan C : May not be advisable for range trading today as market is on sell trend.
*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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