The Dow and S&P 500 ended at record highs again on Monday as more deal news raised enthusiasm for stocks, though Wall Street's fear gauge advanced.
Hong Kong shares snapped a three-day losing streak on Monday after U.S. jobs and China export data bolstered the view that the global economy is improving.
Holding short
Plan A : 22805-23077, do nothing
Plan B : Above 23077, cut
Plan C : Below 22805, consider taking profits first if it rebounds after a lower opening
Plan D : Consider intraday buy if market holds firm above 22805 and triggers a buy
Plan E : Cut below 22782
FKLI
Market continued to show weakness despite closing above 1864 yesterday. Market seems struggled to break above 1870 for the time being with market lacking incentive for buyers to buy
Plan A : Attempt selling between 1870-1873
Plan B : Cut above 1876.5
Plan C : Consider intraday buy if market stubbornly holds above 1858.5
Plan D : Cut below 1853
FCPO
FCPO consolidated since early of June and it has not break out for a trend 'till present. Range trade seems to be a better option for intraday player. However, do place a stop if market breached through the resistance and go on a trend. Overall pattern of the chart seems to form support at 2390's level.
Plan A : Buyer may attempt buying if 2390's is supported. Profit target is looking at 2476 and 2529.
Plan B : Intraday investor may range trade within 2390 to 2434.
Plan C : Seller avoid holding overnight position unless market close below 2370.
Plan D : Above 2450, do nothing.
Plan E : Below 2370, 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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