The S&P 500 suffered its biggest daily drop since late September on Thursday as the European Central Bank disappointed market hopes for greater stimulus.
Hong Kong stocks weakened on Thursday, as investors assessed the effects of diverging global monetary policies after the market rallied this week on the Chinese yuan's global reserve currency status.
Plan A : Above 22620, do nothing
Plan B : Below 22314, do nothing
Plan C : Attempt selling if market fails to break above 22597 and triggers a sell
Plan D : Cut above 22597
Plan E : Consider buying if market holds firm above 22455 and surge
Plan F : Cut below 22314
FKLI
Market was visibly weak despite successfully rebounded from its low of 1651.5 and settled near day's high level. A 252-points drop in overnight Dow is definitely to cause FKLI to open lower today. Investors might want to wait for rebound to sell to avoid market being caught in the consolidation stage and having to sell at low level.
Plan A : Attempt selling around 1665 if market opens low
Plan B : Cut above 1670
Plan C : Consider intraday long if market test 1651.5 and rebounds
Plan D : Cut below 1650
FCPO
FCPO continue to move upwards on Thursday after the low triggering at 2317 two days ago. Dalian and soybean oil are quite mixed today with Ringgit stays at RM4.22 against the US Dollar. Market might open higher today as overnight soybean oil went up quite a bit.
Plan A : Sell if market opened high and resisted at 2374 or 2484. Targets are 2361, 2350 and 2339. Only applies to opening.
Plan B : Buy if market supported above 2350. Targets are 2384, 2403 and 2431.
Plan C : Above 2380, no fresh position.
Plan D : Below 2350, no fresh position.
*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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