HSI Futures

Wall Street retreated on Wednesday, pulled lower by weakness in the materials and healthcare sectors as investors continued to weigh the possibility of an interest rate hike in the coming months.

Hong Kong stocks posted their biggest one-day decline in three weeks on Wednesday, as Asian markets fell on profit-taking after strong U.S. housing data overnight was seen as increasing the chances of an interest rate hike in coming months.

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Plan A : Above 23050, do nothing

Plan B : Below 22700, do nothing

Plan C : Attempt selling if market remain trading below 22869

Plan D : Cut above 22942

Plan E : Consider buying if market holds resiliently above 22700 and rebound

Plan F : Cut below 22680

FKLI

FKLI attempted a rebound but failed at 1686 before eventually close at 1681. Market is expected to trade lower today after overnight Dow lost 65-points. FKLI will be deemed to be weak if it stays below 1683 today. Failure to hold above 1676 would see more selling pressure into the market.

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Plan A : Attempt selling as long as market stays below 1683

Plan B : Cut above 1688

Plan C : Consider intraday buy only if market rebound strongly from 1668

Plan D : Cut below 1665

FCPO

FCPO opened slightly higher yesterday, triggering 2623 then stagnant at 2600's level. Dalian and soybean oil are rather weak today while Ringgit stays at RM4.03 against the greenback.

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Plan A : Buy only if market supported above 2554. Targets are 2570, 2595 and 2619.

Plan B : Sell if market rebounded but resisted around 2571. Targets are 2554, 2533, 2516 and 2507. 

Plan C : Above 2571, no fresh position.

Plan D : Below 2554, 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.