U.S. stocks rallied on Tuesday, with the S&P 500 closing at a record as concerns about a confrontation between Russia and Ukraine eased, and the market recovered more than all of the previous session's hefty losses.
Hong Kong shares rebounded on Tuesday, with strength in the Chinese technology and Macau gaming sectors helping benchmark indexes claw back some of the steep losses seen in the previous session following an escalation in Ukraine-Russia tensions.
Plan A : Above 22852, do nothing
Plan B : Below 22361, do nothing
Plan C : Consider selling if market opens gap up but fails to break above 22796
Plan D : Cut above 22852
Plan E : Consider buying if market stays firm above 22361 and triggers a buy
Plan F : Cut below 22294
FKLI
FKLI surged up fiercely after news of Russia pulling back its troops. Market now look like going for another rally especially if it stays firm above 1834 today
Plan A : Long around 1829-1835
Plan B : Cut below 1826
Plan C : Refrain from selling unless market opens gap up but fails to break above 1847
Plan D : Cut above 1850
FCPO
Market went down for correction yesterday to the low of 2788 and settled at 2801. There might be some turbulence for the overnight seller during opening as the soybean oil was up $1.35 yesterday. Still looking at short term correction and long term uptrend.
Plan A : Overnight seller might want to hold on to position if resistance at 2829 is not broken. Profit target looking at 2747.
Plan B : Intraday investor could attempt sell if resistance 2829 is not broken. Profit target looking at 2790 and 2767.
Plan C : Buyer may want to stay out at this point.
Plan D : Above 2840, do nothing.
Plan E : Below 2780, 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 with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment
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