Wall Street finished a little lower on Thursday as a drop in energy stocks kept a lid on holiday cheer during a shortened Christmas Eve trading session.
China stocks rose slightly on Friday as trading volumes in Shanghai shrank to a two-week low in a reflection of the Christmas holiday across many of the major global centres.
Plan A : Above 22350, do nothing
Plan B : Below 22057, do nothing
Plan C : Attempt buying if market holds firm above 22130
Plan D : Cut below 22057
Plan E : Consider selling if market gaps up but fails to break above 22350
Plan F : Cut above 22350
FKLI
Market made a fierce rally before going into long Christmas holiday last week. There's a possibility that market might want to hold and close well for the rest of the year. Any retracement could present an opportunity to buy.
Plan A : Attempt buying as long as market stays firm above 1653
Plan B : Cut below 1650
Plan C : Selling to be considered only if market surges but fails to break above 1681
Plan D : Cut above 1687
FCPO
Bean and Dalian performed relatively well during our absence last week. However, both are showing some minor decline today. FCPO could open little changed today but undertone of the market is bullish. Any mild correction should present opportunity to go long. Chances of market surging beyond 2500-level this week is rather high. Fresh buyers are advised to look for a level to go long. Preferably 2457-2465 level.
Plan A : Attempt long if market were to slight correction, preferably 2457-2465 level
Plan B : Cut below 2440
Plan C : No selling to be attempted for the time being, unless market gaps up too much.
Plan D : Cut above 2517
*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. 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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