HSI Futures
Healthcare and materials stocks pulled Wall Street lower on Tuesday in a second straight day of quiet trading as investors cautiously awaited news from the U.S. Federal Reserve's two-day policy meeting.
Hong Kong shares finished down on Tuesday as investors took profits following the previous day's rally. All eyes will be FOMC decision tonight. The U.S. central bank is widely expected to stand pat on policy, but some analysts are expecting some form of surprises. Wording of committee's statements will bring cues for next market direction.
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Plan A : Above 20383, do nothing
Plan B : Below 20198, do nothing
Plan C : Attempt selling if market stays below 20274
Plan D : Cut above 20342
Plan E : Consider intraday buying if market holds resiliently above 20198 and rebound
Plan F : Cut below 20198
FKLI
FKLI broke below its support level and triggered a sell signal yesterday. Market must stay below 1692.5 today if it were to confirm a sell signal. Failure to hold above 1683.5 will open the flood gate for market to stream lower for the days to come.
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Plan A : Attempt selling as long as market stays below 1696.5
Plan B : Cut above 1699
Plan C : Intraday buying to be considered only if market holds resiliently above 1683.5
Plan D : Cut below 1680
FCPO
FCPO flattened for the day until the surge came in at the final hour on Tuesday. Dalian and soybean oil are slightly weak while Ringgit stays at RM4.13 against the greenback.
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Plan A : Buy if market stays above 2599. Targets are 2617, 2635 and 2648.
Plan B : Sell if market rebounded and fail to breach 2617. Targets are 2599, 2586 and 2570.
Plan C : Above 2617, no fresh position.
Plan D : Below 2586, no fresh position.
*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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