HSI Futures
The S&P 500 and Dow Jones industrial average closed at record highs and bank stocks surged after the Federal Reserve indicated another rate hike this year was possible and that it would begin the unwinding of its balance sheet next month.
Hong Kong shares rose on Wednesday , with the benchmark index hovering around 28-month highs, as shares of Chinese metal producers continued to rally. The Hang Seng index rose 0.3 percent to 28,127.80 points, while the China Enterprises Index gained 0.4 percent to 11,173.51.
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Plan A : Above 28326, no fresh position.
Plan B : Below 28126, no fresh position.
Plan C : Attempt buying only if market trades firmly above 28226
Plan D : Cut below 28176
Plan E : Consider selling if market surges but fails to breach above 28226
Plan F : Cut above 28276
FKLI
FKLI glided further on Wednesday to 1768 since it failed to breach above 1789 two days ago. Prices are now hovering at the sell signal, however, if the market could stay firm above support, it could have chance to rebound.
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Plan A : Attempt buying if market trades firmly above 1767
Plan B : Cut below 1764
Plan C : Consider selling if market rebound but fails to breach above 1779
Plan D : Cut above 1782
FCPO
FCPO attempted rebound to 2780's on Wednesday, however, the persistent selling pressure further suppressed the prices to 2761. Dalian and soybean oil are slightly mixed today while Ringgit stays at RM4.20 against the greenback.
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Plan A : Buy if market supported firm above 2767. Targets are 2806 and 2828.
Plan B : Sell only if market failed to support above 2806. Targets are 2776 and 2752.
Plan C : Above 2806, no fresh position.
Plan D : Below 2767, 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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