U.S. stocks ended with modest gains on Monday as investors digested recent market gains and looked ahead to new Federal Reserve Chair Janet Yellen's first testimony before lawmakers.
Hong Kong shares fell in sluggish trade on Monday, dragged down by large Chinese banking and property counters ahead of a fresh batch of economic data from the world's second-largest economy later in the week.
Holding a long
Plan A : 21429-21810, do nothing
Plan B : Below 21429, liquidate
Plan C : Above 21810, consider taking profits first
Plan D : Consider turning sell if market opens high but once again fails to breach above 21667
Plan E : Cut above 21757
FKLI
FKLI attempted another rebound yesterday but failed to breach above 1823 level and hence retraced and settled at 1815.5. Market however, could still find supports at 1805 and 1809 level
Plan A : Attempt buying around 1805-1809 level
Plan B : Cut below 1800
Plan C : Consider selling if market rebounds but once again fails to break above 1823
Plan D : Cut above 1825
FCPO
Market has broken through the resistance of 2604 and tip at the high of 2617. An upwards trend is initiated at this point with the compliment of the weakened ringgit.
Plan A : Investor could hold on to your overnight buying position, taking 2585 as support. Immediate resistance looking at 2637, 2669 and 2692
Plan B : Seller may want to give way today unless market comes near 2692 and could not break
Plan C : Fresh buyer could try to buy around 2590's provided market stabilizes at 2585
Plan D : Above 2640, do nothing
Plan E : Below 2560, do nothing
*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 wi.th its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment
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