U.S. stocks fell broadly on Tuesday, closing at session lows, with AIG pulling financial shares lower after disappointing earnings and as a slide in Twitter took down other names in the technology and internet space.
China shares steadied on Tuesday, with gains limited by weakness in the property sector as investors braced for any signs of financial distress among developers as the market cools. Hong Kong market will resume trading today after closed for Buddha's birthday celebration yesterday.
Plan A : Above 22151, do nothing
Plan B : Below 21671, do nothing
Plan C : Attempt selling if market gaps up but fails to break above 22151
Plan D : Cut above 22170
Plan E : Consider buying if market forms a support around 21671 and triggers a buy
Plan F : Cut below 21671
FKLI
Market once again successfully hold above 1844 yesterday but still lack of strength to make any remarkable rebound. Market is expected to be lacklustre without making much headways today.
Plan A : Attempt selling if market rebounds but fails to break above 1858
Plan B : Cut above 1862
Plan C : Consider intraday buying if market holds firmly above 1844 after a lower opening
Plan D : Cut below 1842
FCPO
FCPO once again dived to the low of 2558 yesterday and eventually closed at 2568. Down channel is still in tact with market tipped at the resistance and withdrew back later on. Market might move side way if market could not break 2558 and 2592.
Plan A : Overnight seller could hold on to position. Resistance is at 2599 and profit target is looking at 2523.
Plan B : Intraday investor could trade within range of 2558 and 2592.
Plan C : Long term buyer may want to wait for market to stabilize before reacting. May want to stay out today.
Plan D : Above 2610, 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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