HSI Futures
U.S. stocks dropped on Wednesday and the Dow Jones industrial average suffered its worst day since February as feeble quarterly reports from Walt Disney, Macy's and Fossil undermined confidence across the consumer sector.
Hong Kong shares fell on Wednesday as investors waited for more clues on whether a recent pick-up in China's economy was just a seasonal blip or something more sustainable.
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Plan A : Above 20254, do nothing
Plan B : Below 19820, do nothing
Plan C : Attempt selling if market stays below 19958
Plan D : Cut above 20052
Plan E : Consider intraday buy if market holds resiliently above 19820 and rebounds
Plan F : Cut below 19820
FKLI
Market made a remarkable recovery from an intraday low of 1623 before settling at 1640 yesterday. Many late sellers were being caught with the surge, especially after market cross and hold firm above 1632. FKLI will likely be tricky today with sellers likely to come in for the morning opening, taking cue from overnight Dow but market will have to fall convincingly below 1632 once again if it were to continue its downtrend.
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Plan A : Consider selling if market opens around 1640
Plan B : Cut above 1645
Plan C : Attempt intraday buying if market falls but stays firm above 1632
Plan D : Cut below 1626
FCPO
FCPO tumbled yesterday since opening. There was some effort of rebound to 2699 but it could not sustain and it continue to move downwards 'till the close. Dalian started up weak this morning while soybean oil is slightly up. Ringgit remains at RM4.02 against the greenback.
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Plan A : Wait for market to stabilize. Buy if market supported above 2656. Targets are 2687, 2699, 2705 and 2724.
Plan B : Sell if market rebounded and resisted around 2687 or 2697. Targets are 2677, 2664 and 2656.
Plan C : Above 2700, no fresh position.
Plan D : Below 2656, 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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