U.S. stocks closed mostly higher on the back of strong earnings and following the Federal Reserve's decision to keep interest rates unchanged. The Dow rose 97.58 points to close at 21,711.01 and hit intraday and closing records. The S&P 500 hit an intraday record before closing flat at 2477.83 while the Nasdaq composite climbed 0.16 percent to 6422.75 and also notched all-time highs.
Hong Kong shares ended higher on Wednesday as gains by energy and financial shares overcame sluggishness in other sectors hit by profit-taking after the Hang Seng index temporarily breached the 27,000 mark in early trade. The benchmark Hang Seng index finished 0.3 percent, or 88.97 points, higher at 26,941.02.
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Plan A : Above 26900, do nothing
Plan B : Below 26763, do nothing
Plan C : Attempt buying if market trades firmly above 26838
Plan D : Cut below 26788
Plan E : Consider selling only if market fails to hold above 26838
Plan F : Cut above 26888
FKLI
FKLI stood firm above 1760's and attempted to breach through to the next level on Wednesday. Market is on its way for possible upside after a long consolidation period but whether the prices may continue to attack above 1770's, it is yet to find out.
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Plan A : Buy if market stays firm above 1767
Plan B : Cut below 1763
Plan C : Consider selling only if market failed to hold above 1763
Plan D : Cut above 1767
FCPO
FCPO retraced for some profit taking after a perk in prices the day before. However, the rally continue towards the close, sending the market to high of 2637. Dalian and soybean oil are relatively strong today while Ringgit stays at RM4.27 against the greenback.
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Plan A : Sell if market opened high but resisted around 2666. Targets are 2643, 2632 and 2621.
Plan B : Buy if market retraced but supported firm above 2632. Target are 2643, 2666 and 2682.
Plan C : Above 2666, no fresh position.
Plan D : Below 2532, 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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