Wall Street stocks closed at record highs on Monday, boosted by expectations for continued monetary policy easing around the globe and a jump in oil prices to nearly five-week highs on speculation top producers may be open to cutting output.
Hong Kong shares finished at a fresh nine-month high on Monday, as depressed global interest rates pushed some stock investors to hunt for yields in emerging markets.
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Plan B : Below 22691, do nothing
Plan C : Attempt buying if market holds firm above 22860
Plan D : Cut below 22790
Plan E : Consider intraday selling if market gap up but fails to breach above 23230
Plan F : Cut above 23340
FKLI
FKLI continued its journey north with market closing near day's high level yesterday. Successful breach above 1694 would see market testing its psychological resistance level of 1700 and also 1710 next. Eager sellers are advised to be patient before entering a short.
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Plan B : Cut below 1682
Plan C : Consider intraday selling if market surges fast but fails to breach above 1710
Plan D : Cut above 1714
FCPO
FCPO furiously escalated the prices to a recent high of 2633 after a long haul tumble since June. Dalian and overnight soybean oil are holding firm while Ringgit strengthen against the greenback at RM3.99. Today is switch month. Planning is based on November month.
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Plan B : Buy if market opened almost unchanged but supported above 2569. Targets are 2590, 2601 and 2611.
Plan C : Sell if market rebounded and resisted around 2611. Targets are 2591, 2575, 2569 and 2551.
Plan D : Above 2650, no fresh position.
Plan E : Below 2569, 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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