HSI Futures
U.S. stocks fell on Tuesday as Apple shares declined and as bond yields hit their highest in a month on concerns the Federal Reserve could raise interest rates sooner than some investors had expected.
Hong Kong's financial markets are closed yesterday for the Mid-Autumn Festival holiday and will resume trading today. Korea will continue to close today in conjunction with Chuseok holidays.
Plan A : Above 25260, do nothing
Plan B : Below 24983, do nothing
Plan C : Consider selling if market surges but fails to break above 25260
Plan D : Cut above 25436
Plan E : Attempt buying if market stubbornly holds above 24983 and triggers a buy again
Plan F : Cut below 24917
FKLI
Market continued to firm up despite weaker Ringgit. Market successfully defended above 1865 and surged higher in the afternoon. Market is expected to remain firm today despite a poorer performance from overnight Dow.
Plan A : Attempt buying around 1868-1869 level
Plan B : Cut below 1865
Plan C : Consider intraday sell if market fails to break above 1877.5
Plan D : Cut above 1880
FCPO
FCPO consolidated yesterday within the range of 2006 to 2046. Market might gap down during opening hour due to the weak overnight soybean oil and China market. Ringgit is 3.19 against the greenback which might aid in supporting the market uptrend.
Plan A : Overnight buyer hold on to position. Support is looking at 1991. Target is 2091 and 2248.
Plan B : Intraday investor might want to range trade within 1991 and 2033.
Plan C : Above 2040, do nothing.
Plan D : Below 1980, 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
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