Stocks dipped on Wall Street on Monday as a drop in Apple partly offset gains in energy and financial shares, some of the market's worst performing sectors this year.
Hong Kong stocks closed lower on Monday, taking a breather after hitting fresh 23-month intraday highs, with investors awaiting Chinese economic data for May and the U.S. Federal Reserve's rate decision later this month. South Korea markets are close for Memorial Day today.
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Plan B : Below 25575, do nothing
Plan C : Attempt selling if market stays trading below 25675
Plan D : Cut above 25755
Plan E : Consider buying if market holds resiliently above 25575 and rebound
Plan F : Cut below 25575
FKLI
FKLI showed its strength yesterday, breaking above previous high level of 1784 and settled at near day's high level. Market might opens slightly lower today but any firm close above 1781 would be enough to warrant a rally in the near future. Sellers will have to be careful if market were to stay resilient above 1781.
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Plan B : Cut below 1777
Plan C : Consider selling only if market surges but fails to breach above 1796
Plan D : Cut above 1800
FCPO
FCPO remain directionless hovering around 2580's to 2620's on Monday though there were some hidden selling interest. Dalian and soybean oil are slightly negative while Ringgit stays at RM4.25 against the greenback.
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Plan B : Sell if market rebounded and resisted around 2516. Targets are 2492, 2471 and 2450.
Plan C : Above 2540, no fresh position.
Plan D : Below 2492, 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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