HSI Futures
A rebound in Apple shares helped push U.S. stocks higher on Wednesday for the first session in three, while the energy sector lagged as crude prices fell.
Hong Kong shares had their biggest fall in more than seven months on Wednesday, as concerns that the Federal Reserve could raise interest rates sooner than expected triggered an across-the-board sell-off. A slew of China data are due today with CPI data the focus of all.
Plan A : Above 24983, do nothing
Plan B : Below 24575, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 24836
Plan D : Cut above 24983
Plan E : Consider buying if market holds firm above 24575 and triggers a buy again
Plan F : Cut below 24575
FKLI
Market went through a lackluster trading yesterday but still managed to close firm above 1865 level. Market should be able to firm up a little today, taking cue from overnight Dow.
Plan A : Attempt buying if market stays firm above 1865
Plan B : Cut below 1862
Plan C : Consider intraday sell if market surges but fails to break above 1877.5
Plan D : Cut above 1880
FCPO
FCPO is showing that it is taking a breather from the spike up last week. Ringgit is still weak against greenback at 3.19. Therefore, it is higher possibility of an uptrend. Of course, investor should not discount a fall if market trade below 1990.
Plan A : Overnight buyer may hold on to position. Support is looking at 1991. Target is 2091 and 2248.
Plan B : Intraday investor might consider selling if 2046 is not breached. Target is 1991 and 1965. Place a stop.
Plan C : Buyer might try buying if 2016 is supported. Target is 2052. Hold on to position if market could close above 2060.
Plan D : Above 2060, do nothing.
Plan E : Below 1990, 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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