HSI Futures

The S&P 500 ended flat on Wednesday, losing gains late in the session as investors digested comments by Federal Reserve Chair Janet Yellen, who kept options open for more rate hikes but also saw risks to the U.S. economy.

Hong Kong stocks rose slightly before going into long Chinese New Year holiday, led by resource shares, as the market drew some strength from a firm overnight performance in U.S. equities. Hong Kong markets will resume trading today in anticipation of more downwards movement today after the havoc in Mong Kok on first day of CNY and also losses in regional markets during their absence. 

Plan A : Above 19322, do nothing

Plan B : Below 19097, do nothing

Plan C : Attempt selling if market stays below 19232

Plan D : Cut above 19322

Plan E : Consider turning buy only if market rebounds strongly from 19097

Plan F : Cut below 19097

FKLI

Market gap down yesterday but successfully rebounded from its intraday low of 1629.5 before settling at 1637. It will be important for market to stay resilient above 1626 as failure to do so might trigger a fresh wave of selling. Buyers must stay cautious despite firmer Ringgit.

Plan A : Attempt buying if market stays firm above 1631

Plan B : Cut below 1626

Plan C : Consider selling if market trades consistently below 1641

Plan D : Cut above 1644

FCPO

FCPO was rather flat on Wednesday, moving within 2570's to 2580's after a surge in the morning. Overnight soybean oil closed up US$0.31 while Ringgit strengthen against U.S. Dollar at RM4.10. To subcribe to live signal, email to us at futures.coin@gmail.com

Plan A : Sell if market rebounded and resisted around 2574. Targets are 2547, 2513 and 2490.

Plan B : Buyer recommended to stay out. Unless market support above 2537. Targets are 2559, 2570 and 2581.

Plan C : Above 2574, no fresh position.

Plan D : Below 2537, no fresh position.