HSI Futures

U.S. stocks ended marginally lower as Federal minutes mostly confirmed market expectations for the rate hike. Dow and S&P pushed to the record territory but unsustainable.

Hang Seng has been running on tight range after the rally back in March. A breakthrough of trend is yet to be witnessed after a long consolidation period.

Plan A : Intraday investor or short term seller may sell if market could rebound and resist around 27614. Target is 27106. Hold overnight only if market settled below 27000.

Plan B : Buyer may stay out today.

Plan C : Above 27700, do nothing.

Plan D : Below 27400, do nothing despite profit taking.

FKLI

After the recent breakdown from the high, market has been hanging on 1800 level though there is a short term rebound to 1827 back in two days ago. 11th Malaysia Plan will be tabled today therefore, market could be quite volatile.

Plan A : Intraday investor and short term seller may sell only if market could rebound and resist at 1810 and 1814. Target is 1795.5. Hold overnight only if market settled below 1800.

Plan B : Buyer may stay out until market stabilized above 1813.

Plan C : Above 1815, do nothing.

Plan D : Below 1800, do nothing.

FCPO

Market gap-down yesterday morning and rebounded to high of 2152 but unsustainable. Dalian and soybean oil are trading relatively insignificant in the morning while Ringgit marked at RM 3.60 against the greenback.

Plan A : Overnight seller hold on to position. Resistance is looking at 2160. Target is 2124, 2102 and 2076.

Plan B : Intraday investor may sell if market could rebound and resist around 2153 or 2145. Target is 2124 and 2102.

Plan C : Buyer may stay out of market.

Plan D : Above 2160, do nothing.

Plan E : Below 2100, do nothing.

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*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. 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.