U.S. stocks fell in choppy trading on Wednesday as minutes from the latest Federal Reserve meeting highlighted concern over the state of the global economy, driving markets to question the likelihood that the Fed will raise rates next month.
Hong Kong shares finished lower on Wednesday for the fourth straight day, as investor confidence was subdued by a steady stream of gloomy news about China's economy.
Plan A : Above 23209, do nothing
Plan B : Below 22798, do nothing
Plan C : Attempt selling if market rebounds but could not break above 23185 and retrace
Plan D : Cut above 23209
Plan E : Consider intraday buying if market gaps down but rebounds from 22798
Plan F : Cut below 22798
FKLI
Market went through some choppy trading before settling above 1570 eventually. Although there were signs of recovery but market is still facing some selling pressure along the way. Weak Ringgit coupled with falling regional markets could deter any further recovery today but investors must not be over bearish as some bargain hunting could comes in if market opens low today.
Plan A : Consider intraday buy if market opens gap down but holds firmly above 1565
Plan B : Cut below 1562
Plan C : Attempt selling if market rebounds but fails to break above 1778
Plan D : Cut above 1787
FCPO
FCPO rebounded to 2069 on Tuesday then it quickly came back down to 2024 yesterday. Market hovered around 2020 and 2040 for quite some time before the surge and it is now back to the range. Dalian and overnight soybean oil are down while Ringgit stays at RM4.10 against the greenback. CPO prices is bound to open lower with the regional market.
Plan A : Intraday investor may sell if market could rebound and resist at 2032. Target is 1995. If not, stay out.
Plan B : Buyer may stay out today.
Plan C : Above 2030, do nothing.
Plan D : Below 1990, do nothing.
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*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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