HSI Futures

U.S. stocks fell on Wednesday after comments from Federal Reserve Chair Janet Yellen raised the possibility of an earlier- than-anticipated increase in interest rates.

Hong Kong shares slipped on Wednesday, pulled down by casino operator Galaxy, while investors stayed on the sidelines ahead of earnings from index heavyweight Tencent and the U.S. Federal Reserve's policy decision.

Holding a long

Plan A : 21298-21786, do nothing

Plan B : Below 21298, cut

Plan C : Above 21786, consider taking profits first if it retraces after a higher opening

Plan D : Consider turning sell if market once again fails to break above 21612 and triggers a sell

Plan E : Cut above 21786

FKLI

FKLI consolidated within a tight 7-points range yesterday with market stubbornly holding above 1810 level. Market is expected to consolidate further but weak Ringgit could potentially dampen any hopes of market surging above 1821 today

Plan A : Attempt selling between 1816-1819

Plan B : Cut above 1823

Plan C : Consider buying only if market dips but holds firmly above 1803

Plan D : Cut below 1797

FCPO

Market went to the high of 2786 and closed at 2777 eventually. Regional competitive substituent is down and investor will experience some turbulence during the morning session.

Plan A :  Overnight buyer might want to wait for market to stabilize and filtering the noise before reacting. Support looking at 2736. Profit target looking at 2791.

Plan B : Intraday investor might want to try some buying around 2740's level if 2736 is supported. Place a stop if market overshot.

Plan C : Market might continue to go down if 2730 is broken. Therefore, no harm for intraday seller to enter the market if 2782 not broken. Place a stop.

Plan D : Above 2800, do nothing.

Plan E : Below 2720, do nothing.

 

*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