The S&P 500 and the Nasdaq composite indexes closed at record levels on Friday as investors looked ahead to a key European election. Both indexes, along the Dow Jones industrial average, rose sharply heading into the close after hovering around flatline for most of the session. Shares of Apples closed at a record high, helping lift the Dow and Nasdaq.
Hong Kong stocks posted their biggest daily percentage decline in two weeks on Friday as resources shares tumbled on sharply weaker oil and commodity prices. Sentiment was not helped by a bearish stock market in China, where main indexes fell to three-month lows amid lingering worries about economic growth and tighter regulations, The Hang Seng index fell 0.8 percent, to 24,476.35, while China Enterprises Index lost 1.6 percent to 9,926.26 points
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Plan B : Below 24099, do nothing
Plan C : Attempt buying if market holds firm above 24365
Plan D : Cut below 24300
Plan E : Consider selling only if market could not stay above 24200
Plan F : Cut above 24280
FKLI
FKLI erased the previous day losses and rebounded to high of 1763.5 on Friday. Overview of the market is still supporting an upside, however, market likely to consolidate if prices does not fall out of the range of 1769 to 1753.
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Plan A : Attempt buying if market stays firm above 1758
Plan B : Cut below 1753
Plan C : Consider selling if market surges but fails to breach above 1769
Plan D : Cut above 1773
FCPO
FCPO finally showed its way to an upside on Friday after a long consolidation within 2500 to 2556 since early of May. Dalian and soybean oil are relatively strong today while Ringgit stays at RM4.33 against the greenback.
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Plan A : Buy if market retraced and supported above 2562. Targets are 2596, 2628 and 2644.
Plan B : Sell if market opened high but resisted around 2628. Targets are 2596, 2582 and 2572.
Plan C : Above 2628, no fresh position.
Plan D : Below 2562, 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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