HSI Futures
Wall Street pushed further into record-high territory on Wednesday, with the S&P 500 notching a seven-session winning streak, helped by a round of robust economic data and ongoing optimism that President Donald Trump will cut corporate taxes.
Hong Kong stocks hit a five-month high on Wednesday, after Federal Reserve Chair Janet Yellen's comments on the U.S. economy and rising interest rate hike expectations sent Wall Street to record highs.
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Plan A : Above 24016, do nothing
Plan B : Below 23805, do nothing
Plan C : Consider selling if market fails to breach above 24016
Plan D : Cut above 24077
Plan E : Attempt buying if market were to hold firm above 23886
Plan F : Cut below 23805
FKLI
FKLI attempted to breach above 1714 yesterday but failed. Market is expected to open slightly higher today after overnight Dow gained another triple digits. However, FKLI must breach above 1714 convincingly if it were to rally further. Otherwise, profit taking activities might pressure the market down after a higher opening.
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Plan A : Buyers to consider taking profits if market fails to breach above 1714
Plan B : May also exit if market falls below 1708
Plan C : Consider selling if market opens higher but fails to breach above 1714
Plan D : Cut above 1718
FCPO
FCPO had bumpy ride yesterday with minimal trading range. Dalian and soybean oil are slightly positive while Ringgit stays at RM4.44 against the greenback. Today is the switch month and trading plan is based on May month.
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Plan A : Buy if market supported above 2968. Targets are 2981, 3007 and 3021.
Plan B : Sell if market rebounded and resisted around 3021. Targets are 3007, 2981 and 2964.
Plan C : Above 3021, no fresh position.
Plan D : Below 2968, 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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