U.S. stocks dipped in thin volume on Tuesday, with the Dow and the S&P 500 retreating from Monday's record closing levels as traders found few reasons to buy following a string of gains. A rise in semiconductor companies' shares limited losses.
Hong Kong shares reached their highest close in five months, lifted by Chinese manufacturing surveys which reinforced hopes that China's economy may be improving after a few rough months.
Plan A : Above 23238, do nothing
Plan B : Below 22924, do nothing
Plan C : Consider selling if market gaps up but fails to break above 23238
Plan D : Cut above 23238
Plan E : Attempt buying if market holds stubbornly above 22924 and triggers a buy
Plan F : Cut below 22924
FKLI
Market rebounded strongly after finding a bottom at 1865. Market should remain firm as long as it stays above 1867.5 today.
Plan A : Attempt buying between 1870-1872
Plan B : Cut below 1864
Plan C : Consider intraday selling only if market fails to break above 1882
Plan D : Cut above 1886
FCPO
FCPO tumbled quite badly during second session which eventually breaks previous low and come to a recent new low of 2375. Market remains weak. However, buyer should be cautious before entering the market as recently it was quite active during the second session.
Plan A : Intraday investor may trade within range of 2416 and 2365.
Plan B : Long term buyer may stay out at this moment.
Plan C : Seller may sell if market rebounded and could not break 2416.
Plan D : Above 2440, 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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