FKLI
The Dow and the S&P 500 edged up to end at record highs on Friday, wrapping up four straight months of gains, after mixed economic data gave investors little reason to rush into stocks. China, Hong Kong and Taiwan markets will be close for Dragon Boat Festival today.
FKLI started retracing during the final trading hour last Friday but market still managed to close above its support level of 1774.
Holding a short
Plan A : 1863-1886, do nothing
Plan B : Above 1886 , cut
Plan C : Below 1863, consider taking profits first if it rebounds strongly after temporary breaking below 1863
Plan D : Attempt intraday buying only if market stubbornly holds above 1865
Plan E : Cut below 1863
FCPO
FCPO continued to tumble and touched the low of 2420. Competitive substituents also showed weakness in their prices which investor may expect a gap down during opening.
Plan A : Overnight seller may hold on to position. Resistance is looking at 2467. Profit target projection is 2389 and 2365.
Plan B : Intraday investor may buy if market gap beyond 2389 and could not break 2365 during opening. Profit target is looking at 2435.
Plan C : Fresh seller may want to stay out today.
Plan D : Above 2450, do nothing.
Plan E : Below 2360, 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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