HSI Futures
Wall Street fell sharply on Tuesday as investors took gains off the table following a recent rally and ahead of an upcoming quarterly reporting season that is expected to reveal sharply lower earnings.
Hong Kong's main stock index posted its biggest loss in nearly six weeks on Tuesday, touching a one-month low, as the energy sector tumbled against a backdrop of slumping crude oil prices and mixed messages on the outlook for U.S. monetary policy. China Caixin PMI data due today at 9.45 am local time.
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Plan A : Above 20267, do nothing
Plan B : Below 20100, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 20267
Plan D : Cut above 20375
Plan E : Consider buying if market holds firm above 20100 and triggers a buy
Plan F : Cut below 20100
FKLI
FKLI showed signs of weakness yesterday after failing to stay firm above 1715. Another failure to climb back up above this level today would see investors starting to feel panic and worry about the market. Market must at least stays firm above 1709 today to avoid any panic selling.
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Plan A : Attempt selling if market rebounds but can't breach above 1715
Plan B : Cut above 1720
Plan C : Consider buying if market trades firmly above 1711.5
Plan D : Cut below 1708
FCPO
FCPO challenged to the peak again at 2789 on Tuesday but unsustainable. Market eventually slipped towards final hour before close. Dalian and overnight soybean oil are weak while Ringgit stayed at RM3.91 against the greenback.
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Plan A : If market gap-down, sell if market failed to rebound to 2745. Targets are 2718, 2701, 2686 and 2653.
Plan B : If market opened unchanged, sell if market rebounded and resisted around 2756. Targets are 2723, 2718 and 2701.
Plan C : Buy if market consolidated and supported above 2701. Targets are 2724, 2730 and 2745.
Plan D : Above 2756, no fresh position.
Plan E : Below 2701, 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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