HSI Futures
U.S. stocks closed lower on Thursday in a volatile session on uncertainty about U.S. monetary policy and global economic growth, while market heavyweight Caterpillar cut its sales forecast and healthcare investors fled for the exits. After the bell, Federal Reserve Chair Janet Yellen said she expects the Fed to raise interest rates later this year.
Hong Kong shares fell on Thursday as concerns about slowing global demand offset gains in mainland China markets.
Plan A : Above 21341, do nothing
Plan B : Below 20708, do nothing
Plan C : Attempt buying if market stays firm above 21174
Plan D : Cut below 21110
Plan E : Consider selling if market surges but fails to break above 21341
Plan F : Cut above 21444
FKLI
Market triggered a sell signal late Tuesday and stays below its resistance level on Wednesday before we went into Hari Raya Haji celebration yesterday. Weak Ringgit is expected to dominate today's trading.
Plan A : Attempt selling if market stays below 1610
Plan B : Cut above 1620
Plan C : Buying to be considered if market manage to hold firm above 1603
Plan D : Cut below 1596
FCPO
FCPO breakthrough the potential double top formation and rallied to 2248 on Wednesday. Dalian and soybean oil started strong while Ringgit further weakened to RM4.38 against the greenback. It is inevitable for an gap-up opening, however, market is channeling an upside, investor is advised to avoid buying at high prices.
Plan A : Overnight buyer may hold on to position. Support is looking at 2227. Target are 2291 and 2318.
Plan B : Intraday investor may sell at opening if market could not break 2318. Targets are 2291, 2280 and 2271
Plan C : Intraday investor may buy if market could support above 2271. Target is 2318.
Plan D : Above 2320, do nothing.
Plan E : Below 2270, do nothing.
*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.
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