HSI Futures
A see-saw session on Wall Street on Monday ended little changed, with gains in big bank stocks offsetting a drag from Apple, as investors braced for the Federal Reserve meeting later this week. The Fed is expected to leave interest rates unchanged at the two-day meeting, but investors will assess Chair Janet Yellen's speech on Wednesday to see if the central bank plans to hike as soon as December.
Hong Kong shares rose sharply on Monday, despite lingering uncertainty around U.S. monetary policy, with an index tracking Chinese firms jumping more than 2 percent at one point on the back of money inflows from the mainland.
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Plan A : Above 23755, do nothing
Plan B : Below 23390, do nothing
Plan C : Attempt buying if market holds firm above 23519
Plan D : Cut below 23417
Plan E : Consider selling if market opens gap up but fails to breach above 23755
Plan F : Cut above 23800
FKLI
FKLI hold relatively well yesterday, trading above 1648 for most of the day. Market could be muted ahead of FOMC meeting which was scheduled for today and tomorrow. Market look likely to trade within the range of 1642-1655 until there's a clear breakout from this range.
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Plan A : Attempt selling if market fails to breach above 1652
Plan B : Cut above 1655
Plan C : Consider intraday buying if market dive and rebound from 1645
Plan D : Cut below 1642
FCPO
FCPO escalated back to almost recent high after opening lower due to switch month. Dalian and soybean oil hike tremendously while Ringgit stays at RM4.13 against the greenback.
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Plan A : Sell if market opened gap-up but resisted around 2724. Targets are 2693, 2681 and 2661.
Plan B : Buy if market retraced and supported above 2681. Targets are 2693, 2708, 2724 and 2740.
Plan C : Above 2724, no fresh position.
Plan D : Below 2681, 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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