Wall Street ended lower on Tuesday for a third straight session as investors worried about a rise in interest rates while Apple's shares hit their lowest in over six months.
Hong Kong stocks were steady on Tuesday as anxiety ahead of earning reports tempered by a rally in China's main indexes as Beijing ramped up its efforts to stabilize mainland markets. Attention will turn to China Caixin General Services PMI data due at 9.45 am this morning.
Plan A : Above 24530, do nothing
Plan B : Below 23856, do nothing
Plan C : Attempt selling if market stays below 24308
Plan D : Cut above 24460
Plan E : Consider intraday buy if market holds above 24140 and rebounds
Plan F : Cut below 24100
FKLI
Market went for a tight range consolidation yesterday with some minor downward bias mode. Weak Ringgit trading at 3.877 against USD today. Any rebound from the FKLI would be expected to be mild today as investors are turning cautious ahead of more uncertainties.
Plan A : Attempt selling as long as market stays below 1714
Plan B : Cut above 1719
Plan C : No buying to be attempted for the time being
Plan D : Next support seen at 1702
FCPO
FCPO had wider intraday range lately since start of the August month, this might be a piece of good news to the intraday trader. Tuesday market plunged the new low at 2026 and it swiftly rebounded to high of 2072 during the second session. Dalian and soybean oil are slightly up while Ringgit drastically weakened to RM3.88 against the US Dollar.
Plan A : Intraday investor may buy if market could support above 2054. Target is 2083, 2091 and 2124.
Plan B : Fresh seller may stay out today unless plan changed. Subscriber will get updates. Ask us how at futures.coin@gmail.com
Plan C : Above 2100, do nothing.
Plan D : Below 2050, 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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