The Dow and the S&P 500 eked out record closing highs again on Tuesday, while the Nasdaq resumed its recent slide, dragged down by shares of Cisco .
Hong Kong shares edged up to a two-week high on Tuesday, led by gains in property stocks amid speculation the government may relax the city's stamp duty rules.
Holding a long
Plan A : 22007-22584, do nothing
Plan B : Below 22007, liquidate first
Plan C : Above 22584, consider taking profits if it cannot sustain
Plan D : Consider selling only if market consolidates and triggers a sell after failing to break above 22584
Plan E : Cut above 22584
FKLI
Market ended Monday with a positive note and it is expected to remain firm above 1862 today.
Holding a long
Plan A : 1857-1876, do nothing
Plan B : Below 1857, exit
Plan C : Above 1876, consider taking profits if it couldn't hold firm
Plan D : Consider intraday selling if market fails to break above 1876
Plan E : Cut above 1884
FCPO
FCPO tipped at 2593 after rested at low of 2568. Market has found its support and tried to break out from the consolidation.
Plan A : Overnight buyer may hold on to position, taking support at 2558. Target looking at 2666 and 2723. Trader may accumulate more position if 2585 is not broken.
Plan B : Intraday investor may buy, taking support at 2573. Target is looking at 2618 and 2640.
Plan C : Seller may stay out today.
Plan D : Above 2640, do nothing.
Plan E : Below 2550, 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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