U.S. stocks rose on Tuesday as the S&P 500 scored a second straight record close, buoyed by the latest round of merger activity and as expectations for rate cuts by the European Central Bank stoked investors' appetite for equities.
The index for Hong Kong listings of China companies on Tuesday had its biggest loss since May 9, pulled down by weaker Chinese bank stocks.
Holding a long
Plan A : 22837-23156, do nothing
Plan B : Below 22837, cut
Plan C : Above 23156, take profits first if market couldn't hold firm
Plan D : Consider intraday selling if market fails to break above 23156 and triggers a sell
Plan E : Cut above 23156
FKLI
Market temporary found its bottom at 1862.5. As long market continues to hold firm above this level, there will be a chance that market will recover soon especially with regional market taking the lead.
Holding a long
Plan A : 1862-1875, do nothing
Plan B : Below 1862, cut
Plan C : Above 1875, take profits first if market couldn't hold firm
Plan D : Attempt intraday selling if market fails to break above 1872
Plan E : Cut above 1875
FCPO
FCPO had the same flow for two consecutive days where it went down in the morning and it eventually made a U-turn in the second session. Market has no clear direction yet at this moment as the signal is quite mixed.
Plan A : Seller could attempt to sell if market cannot break 2514. Profit target is looking at 2572 and 2410.
Plan B : Intraday investor may trade within range of 2483 to 2514. Place a stop.
Plan C : Above 2520, do nothing.
Plan D : Below 2480, 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
0 comments:
Post a Comment