The S&P 500 index ended Thursday with its biggest one-day drop since May 17 as investors fled riskier assets in response to an exchange of threats between the United States and North Korea.
Hong Kong shares fell more than 1 percent on Thursday, mirroring losses in regional markets amid continued tensions over North Korea, and as investors booked profits after recent gains. Japan markets are closed for Mountain Day holiday today.
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Plan A : Above 27475, do nothing
Plan B : Below 27171, do nothing
Plan C : Attempt selling if market stays trading below 27475
Plan D : Cut above 27520
Plan E : Consider buying if market tests and rebound from 27171
Plan F : Cut below 27171
FKLI
FKLI tested a low of 1773 before settling at 1776.5 yesterday. A lower opening can be expected today after overnight Dow lost 201-points amid geopolitical tension with North Korea. Investors are likely to be either cautious or staying sideline for the time being until conditions improved.
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Plan A : Continue holding sell as long as market stays trading below 1779
Plan B : Cut above 1782
Plan C : Consider buying only if market test and rebound from 1767
Plan D : Cut below 1761
FCPO
FCPO produced a strong surge yesterday after breaching above 2652-level convincingly. Market however, could be jittery for the opening today after overnight bean flushed down to close way below its intraday highest level. It would be important for FCPO to hold above 2652 for a close today. Otherwise, more selling can be expected and send market towards the 2630-level once again.
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Plan A : Buy if market supported well above 2647. Targets are 2660, 2677 and 2690.
Plan B : Sell if market resisted around 2652. Targets are 2634, 2622 and 2610.
Plan C : Above 2677, no fresh position.
Plan D : Below 2647, 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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