20 September 2016

HSI Futures

A see-saw session on Wall Street on Monday ended little changed, with gains in big bank stocks offsetting a drag from Apple, as investors braced for the Federal Reserve meeting later this week. The Fed is expected to leave interest rates unchanged at the two-day meeting, but investors will assess Chair Janet Yellen's speech on Wednesday to see if the central bank plans to hike as soon as December.

Hong Kong shares rose sharply on Monday, despite lingering uncertainty around U.S. monetary policy, with an index tracking Chinese firms jumping more than 2 percent at one point on the back of money inflows from the mainland.

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Plan A : Above 23755, do nothing
Plan B : Below 23390, do nothing
Plan C : Attempt buying if market holds firm above 23519
Plan D : Cut below 23417
Plan E : Consider selling if market opens gap up but fails to breach above 23755
Plan F : Cut above 23800


FKLI

FKLI hold relatively well yesterday, trading above 1648 for most of the day. Market could be muted ahead of FOMC meeting which was scheduled for today and tomorrow. Market look likely to trade within the range of 1642-1655 until there's a clear breakout from this range. 

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Plan A : Attempt selling if market fails to breach above 1652
Plan B : Cut above 1655
Plan C : Consider intraday buying if market dive and rebound from 1645
Plan D : Cut below 1642


FCPO

FCPO escalated back to almost recent high after opening lower due to switch month. Dalian and soybean oil hike tremendously while Ringgit stays at RM4.13 against the greenback.

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Plan A : Sell if market opened gap-up but resisted around 2724. Targets are 2693, 2681 and 2661.
Plan B : Buy if market retraced and supported above 2681. Targets are 2693, 2708, 2724 and 2740.
Plan C : Above 2724, no fresh position.
Plan D : Below 2681, no fresh position. 



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