HSI Futures

U.S. stocks ended more than 1 percent lower on Wednesday after rallying the day before, led by declines in shares of Apple and energy companies, which fell with oil prices.

Hong Kong stocks rose sharply for a second day on Wednesday, with the benchmark Hang Seng index posting its biggest one-day percentage gain in nearly four years.

Plan A : Above 22249, do nothing

Plan B : Below 21529, do nothing

Plan C : Attempt selling if market stays below 21804

Plan D : Cut above 21928

Plan E : Buy only if market corrects and holds firm above 21529

Plan F : Cut below 21435

FKLI

Market tricked many people into buying yesterday with its buying signal triggered but failure to break resistance at 1600 proven costly. The highest rebound of 1599 at its second attempt in the afternoon further dampened any hopes of breaking above 1600 level for now. Sellers are expected to come in with strength once again today after disappointment in overnight Dow.

Plan A : Attempt selling around 1579-1584

Plan B : Cut above 1590

Plan C : No buying to be attempted for the time being

Plan D : Next support seen at 1567/1557/1546.5

FCPO

FCPO ramped to high of 2132 and swiftly retraced, hovering around 2110's level on Wednesday. Dalian and soybean oil are weak while Ringgit is at RM4.34 against the US Dollar. Market though it is still on uptrend, the prices may be too extreme for buyer. Therefore, intraday investor be alert for the sell signal. 

Plan A : Overnight seller hold on to position. Resistance is looking at 2132. Target is 2054 and 2028.

Plan B : Intraday investor and fresh seller may sell if market could rebound and resist at 2116 and 2109. Target is 2080, 2074 and 2068.

Plan C : Buyer may stay out today.

Plan D : Above 2120, do nothing.

Plan E : Below 2060, do nothing.   


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