HSI Futures
The S&P 500 and Dow were weighed down by falling energy stocks as oil prices fell on Wednesday and added to investor concerns about low inflation while healthcare and technology stocks helped lift the Nasdaq Composite index.
Hong Kong stocks fell on Wednesday on fears that MSCI's decision to include more mainland China stocks in a key benchmark index will threaten the financial centre's role as a key global investor gateway to China.
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Plan A : Above 25623, do nothing
Plan B : Below 25454, do nothing
Plan C : Attempt selling if market rebounds but fails to breach above 25623
Plan D : Cut above 25680
Plan E : Consider buying if market holds resiliently above 25454 and rebound
Plan F : Cut below 25410
FKLI
FKLI marked third consecutive days of down as investors were seen cashing out ahead of long Hari Raya holiday. Market likely to remain weak today especially if FKLI were to stay trading below 1777 level. Failure to hold above 1767 would give even more pressure to the market but supports should be coming in around the 1760s levels.
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Plan A : Attempt selling if market stays trading below 1777
Plan B : Cut above 1781
Plan C : Consider buying if market dives but holds firm above 1767
Plan D : Cut below 1763
FCPO
FCPO flattened on Wednesday after a depressed morning prices at opening. Rebound was minimal and market remain to stay at a sell signal. Dalian and soybean oil are negative while Ringgit stays at RM4.28 against the greenback.
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Plan A : Sell if market rebounded but resisted around 2758. Targets are 2428, 2400 and 2378.
Plan B : Buy if market supported firm above 2728. Targets are 2458, 2466 and 2510.
Plan C : Above 2758, no fresh position.
Plan D : Below 2728, 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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