HSI Futures
U.S. stocks closed higher on Tuesday, with the Dow and S&P 500 hitting records, as investors attempted to interpret a subtle change in emphasis in testimony by Federal Reserve Chair Janet Yellen.
A six-session winning streak for Hong Kong stocks ended on Tuesday, as HSBC Plc and casino shares sank while some investors locked in gains ahead of major 2014 earnings reports later this week.
Plan A : Above 24952, do nothing
Plan B : Below 24664, do nothing
Plan C : Consider selling if market opens higher but fails to break above 24815
Plan D : Cut above 24952
Plan E : Attempt buying if market continues to hold firm above 24703
Plan F : Cut below 24592
FKLI
Market continued to head north after successfully holding above 1801.5 level. Surge could continue today. A firm close above 1823.5 would prompt sellers to cover their short and hence push market even higher.
Plan A : Attempt buying if market holds firm above 1812
Plan B : Cut below 1808
Plan C : Consider selling if market surge but fails to break above 1830
Plan D : Cut above 1836
FCPO
FCPO touched the low at 2216 and rebounded swiftly during the second session with high of 2259. Dalian had a bad start after the long holiday reacting to the recent plunge in crude palm oil while soybean oil is slightly down. Ringgit remains sluggish at RM 3.62 against the greenback.
Plan A : Overnight seller might need to be patient this round. Resistance is 2264. Target is 2159.
Plan B : Short term investor may sell at rebound. Resistance is 2264 and 2259. Target is 2210.
Plan C : Buyer may stay out today.
Plan D : Above 2260, do nothing.
Plan E : Below 2240, 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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