Wall Street sold off on Tuesday as investors boosted their bets on the Federal Reserve raising rates later this year, while Home Depot dragged on indexes following its quarterly report.
Hong Kong stocks rose on Tuesday, encouraged by upbeat U.S. and Asian markets as well as by higher oil prices. Biggest surprise came from Japan today. The world's third-largest economy expanded an annualized 1.7 percent in the January-March period, the fastest pace in a year, blowing past market expectations for a 0.2 percent rise. On a quarterly basis, real gross domestic product (GDP) rose 0.4 percent, versus the 0.1 percent analysts polled by Reuters had expected.
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Plan A : Above 20093, do nothing
Plan B : Below 19713, do nothing
Plan C : Attempt buying if market holds firm above 19979
Plan D : Cut below 19878
Plan E : Consider intraday selling if market gap up but fails to breach above 20093
Plan F : Cut above 20130
FKLI
FKLI made a strong surge yesterday, only to fail at the closing minutes to close above 1630. Market is expected to open lower today, taking cue from overnight Dow but positive news from Japan could cushion the fall. Eager sellers are advised to avoid selling at too low levels.
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Plan A : Consider buying if market gap down but holds firm above 1619
Plan B : Cut below 1616
Plan C : Attempt selling if market rebounds from lower opening but still stays below 1631
Plan D : Cut above 1637
FCPO
FCPO gap up on Tuesday morning then it flattened for the whole session until some pressure from the seller towards the final hour before the close. Dalian and soybean oil are rather strong while Ringgit stays at RM 4.02 against the US Dollar.
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Plan A : Sell if market resisted around 2613. Targets are 2599, 2590 and 2580.
Plan B : Buy if market stabilized and supported above 2590. Targets are 2613, 2629 and 2639.
Plan C : Above 2613, no fresh position.
Plan D : Below 2590, 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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