The S&P 500 and Nasdaq ended higher on Wednesday after the Federal Reserve gave a rosier assessment of the U.S. economy while reaffirming that it is in no hurry to raise interest rates. Earlier Wednesday, government data showed gross domestic product grew at a 4 percent annualized rate in the second quarter, above the 3 percent rate that had been expected and a sharp reversal from the weather-impacted first quarter, when the economy contracted a revised 2.1 percent.
Hong Kong's benchmark index climbed to fresh 3-1/2-year highs on Wednesday, with major property developers leading the rise as investors bet on a solid performance for first-half earnings. Focus will turn into China's PMI data due to release tomorrow morning with anticipated reading of 51.9.
Plan A : Above 25186, do nothing
Plan B : Below 24736, do nothing
Plan C : Consider selling if market fails to break above 25186 and triggers a sell
Plan D : Cut above 25186
Plan E : Attempt buying if market stays firm above 24736
Plan F : Cut below 24567
FKLI
Market hold firm and did a final hour surge before closing at near day's high level. Sentiment improved since early of this week when all regional market surge on various reasons. Buyers appetites could return especially if market could hold firm above 1877
Plan A : Attempt buying if market holds firm above 1881.5
Plan B : Cut below 1877
Plan C : Consider intraday sell if market fails to break above 1891.5
Plan D : Cut above 1894
FCPO
FCPO continue with its side-way movement and buyer just need to wait for the signal to come. However, today might not be the day.
Plan A : Buyer may stay out today.
Plan B : Fresh seller not recommended to trade.
Plan C : Above 2300, do nothing.
Plan D : Below 2250, do nothing.
*Disclaimer: This information is intended to assist professional investors. 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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