Hang Seng Futures

Dow finished steeply lower yesterday as Federal Reserve decided to reduce its monthly monetary stimulus which is now down to $65billion, regardless of the recent distress in emerging markets

Trader might want to be aware that local and Hang Seng market will be on half day market, therefore, intraday investor may want to stay out today.

Hang Seng market rebounded for correction yesterday and today will open lower again due to the losses from Dow.

Plan A : Above 22100, do nothing.
Plan B : Below 21700, do nothing.
Plan C : Buyer may might need to stay out of the market as market is still on its downtrend.
Plan D : If you are still holding a selling position, may consider to hold unless market break through 22000.

FKLI

Market is still running on a sell side and intraday investor might want to avoid trading today as market is running on a half day session.

Plan A : Above 1793, do nothing.
Plan B : Below 1760, do nothing.
Plan C : Overnight seller may stay put unless resistance 1790 is broken.
Plan D : Buyer may want to stay out of market 'till it forms a stable support after the holiday

FCPO

Crude palm oil market corrected to its high of 2552 but could not sustain. Ringgit is still weakened at this point. Its competitive substituents are still bearish and experiencing losses for days dragging our market to come down.

Plan A : Above 2560, do nothing.
Plan B : Below 2510, do nothing.
Plan C : Overnight seller may want to hold back to your position unless 2560 is broken.
Plan D : Buyer consider to exit market if support 2519 is penetrated.

Have a Prosperous Year Ahead and hope you enjoy your

Chinese New Year Celebration!!!

Disclaimer: This information is intended to assist professional investors. 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.