HSI Futures
U.S. stocks rose on Wednesday, pushing the Dow to a record high close, after Federal Reserve Chair Janet Yellen said interest rates hikes would be gradual and rates will not have to rise much further to reach a neutral level.
Hong Kong's benchmark stock index rose for the third straight day on Wednesday to a two-year closing high, bolstered by China fund flows and investors' bargain hunting for blue chips.
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Plan A : Above 26387, do nothing
Plan B : Below 26072, do nothing
Plan C : Consider selling if market gap up but fails to breach above 26325
Plan D : Cut above 26387
Plan E : Attempt buying if market corrects after higher opening and stables above 26132
Plan F : Cut below 26072
FKLI
Market moved within a tight 4-points range yesterday before settling at 1759. FKLI is expected to open gap up today after overnight Dow gained 123-points to a record high close. A firm close above 1761.5 today would give market a chance for decoupling itself from recent sluggishness. Sellers will have to be extra cautious today if market were to make an U-turn from here.
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Plan A : Attempt buying if market stays firm above 1761.5
Plan B : Cut below 1758
Plan C : Consider selling if market surges but fails to breach above 1767
Plan D : Cut above 1770.5
FCPO
FCPO attempted a rebound to 2602 but not sustainable, as market being pressurized by the seller and prices dropped back to the 2580's level. Dalian and soybean oil are weak this morning while Ringgit stays at RM4.29 against the greenback.
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Plan A : Buy only if market supported above 2582. Targets are 2606 and 2627.
Plan B : Sell if market rebounded and resisted around 2582. Targets are 2567 and 2551.
Plan C : Above 2592, no fresh position.
Plan D : Below 2572, 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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