HSI Futures

U.S. stocks dropped Thursday on persistent concern over faltering global economic growth, led by declines in energy and materials shares, a day after shares had rallied on the Federal Reserve's decision to raise interest rates.

Hong Kong stocks were higher on Thursday, tracking global markets, as the U.S. rate hike ended months of speculation about the Federal Reserve's policy intentions.

Plan A : Above 22065, do nothing

Plan B : Below 21705, do nothing

Plan C : Attempt buying if market holds firm above 21875

Plan D : Cut below 21705

Plan E : Consider intraday selling if market gaps up but fails to break above 22065

Plan F : Cut above 22150

FKLI

Market rallied gaining 33-points for yesterday's close. Market was visibly bullish with buying support throughout yesterday's trading. However, a 253-points drop in overnight Dow will likely cause FKLI to open lower today. This minor correction could present opportunity for eager buyers to go long today. Support to be seen at  1644.

Plan A : Attempt buying when market stabilizes around 1644

Plan B : Cut below 1641

Plan C : Intraday selling to be considered only if market surges but fails to break above 1667

Plan D : Cut above 1672

FCPO

FCPO slipped down in the morning but trading was rather flat towards afternoon. Dalian and overnight soybean oil are weak while Ringgit stays at RM4.31 against the U.S.Dollar. Opening might be rather low as regional markets are not performing. It is quite likely for market to stay flat today. 

Plan A : Sell if market rebounded and resisted at 2417. Targets are 2385, 2363 and 2350.

Plan B : Wait for market to consolidate. Buy if prices support above 2363. Targets are 2393, 2405 and 2417.

Plan C : Above 2420, no fresh position.

Plan D : Below 2380, no fresh position.