U.S. stocks rallied on Friday after five sessions of losses, helped by a sharp rebound in energy shares and data that signaled the U.S. economy was on track for solid growth. U.S. markets will be close for Martin Luther King Jr. Day celebration today.
Hong Kong shares drifted downward on Friday as losses on Wall Street spread to Asia. Global markets are keenly awaiting China's fourth quarter growth figures on Tuesday and the ECB policy decision on Thursday.
Plan A : Above 24480, do nothing
Plan B : Below 24053, do nothing
Plan C : Attempt selling if market fails to hold above 24153
Plan D : Cut above 24317
Plan E : Consider intraday buy if market holds firm above 24216 and surge
Plan F : Cut below 24053
FKLI
Market survived an early scare last Friday before rebounding from a low of 1725 and settled at 1735 for the day. Market will continue to hold its fortress above 1730 today, pending any negative setbacks.
Plan A : Attempt buying if market holds firmly above 1730
Plan B : Cut below 1722
Plan C : Consider selling if market fails to break above 1742
Plan D : Cut above 1745.5
FCPO
FCPO lost its ground after tipping at the recent high. Market is showing some weakness in charts since last Friday but with stronger Dalian and soybean oil markets today, FCPO might open slightly higher.
Plan A : Seller may sell if market rebounded and could not break 2330 or 2346. Target is 2249.
Plan B : Buyer may stay out at this stage.
Plan C : Above 2340, do nothing.
Plan D : Below 2310, 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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