U.S. stocks rose on Tuesday as some positive earnings and economic data pointed to a market that still had room to rise despite the S&P 500 hitting an intraday record.
Hong Kong's benchmark index jumped to its highest in nearly 7-1/2 months on Tuesday, helped by stronger Chinese markets on the mainland and recent fund inflows which pushed up the territory's blue-chip stocks. Focus remained on tomorrow's China PMI data due at 9.45am.
Plan A : Above 23790, do nothing
Plan B : Below 23566, do nothing
Plan C : Attempt buying if market holds firm above 23566 after some minor correction
Plan D : Cut below 23497
Plan E : Consider selling if market fails to break above 23790
Plan F : Cut above 23848
FKLI
Market attempted recovery with its closing right at 1871. Market must at least holds firm above 1871 to have any chance of surviving from another sell down.
Plan A : Attempt selling if market fails to break above 1881.5
Plan B : Cut above 1884
Plan C : Consider buying if market stays firm above 1871
Plan D : Cut below 1866
FCPO
FCPO was running flat in the first session and it eventually pulled down to 2272 towards the last one hour of trading. Market is still on its down channel formation and it seemed not ready for an uptrend as yet. Therefore, buyer may need to wait for chance again.
Plan A : Overnight buyer may have exited as 2288 is breached yesterday. However, if you have not, support is 2264. Target is looking at 2354. If market still close below 2300, buyer may exit the market today.
Plan B : Seller is not recommended to trade as prices are low.
Plan C : Fresh buyer may stay out 'till next signal.
Plan D : Above 2310, do nothing.
Plan E : Below 2260, 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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