HSI Futures
The S&P 500 closed at its highest level of the year on Wednesday after the U.S. Federal Reserve left interest rates untouched and signaled fewer rate hikes in coming months. The Fed indicated moderate U.S. economic growth and "strong job gains" would allow it to tighten policy this year with fresh projections showing policymakers expected two quarter-point hikes by the year's end, half the number seen in December.
Hong Kong shares finished down on Wednesday as investors sold shares on the final day of the annual meeting of China's parliament. Analysts said market participants might be taking profits protectively ahead of the closure of the National People's Congress, although mainland shares finished up.
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Plan A : Above 20439, do nothing
Plan B : Below 20198, do nothing
Plan C : Consider selling if market gap up but fails to break above 20439
Plan D : Cut above 20512
Plan E : Attempt buying if market holds resilient above 20308
Plan F : Cut below 20251
FKLI
Market surged up last minute yesterday, triggering stop in between. Market was once again proven strong as it rebounded from 1690 level. Market is expected to hold firm today after the statement from yesterday's FOMC meeting. Sellers will have to be cautious if market breach and stay firm above 1706.
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Plan A : Attempt buying if market stays firm above 1694.5
Plan B : Cut below 1690
Plan C : Consider intraday sell only if market retrace from 1706
Plan D : Cut above 1710
FCPO
FCPO regained its losses from morning towards the second session, then it slowly moved up to 2614 and closed near the high. Dalian and soybean oil are slightly mixed while Ringgit strengthen against U.S. Dollar at RM4.07. There is a possibility of market going sideway after an upside. Therefore, trader may want to be alert in crucial points.
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Plan A : Sell if market resisted around 2620. Targets are 2595, 2586 and 2578.
Plan B : Wait for market to stabilize. Buy if market supported above 2604 or 2586. Targets are 2620, 2627 and 2635.
Plan C : Above 2635, 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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