U.S. stocks rose broadly on Tuesday but ended far off their session highs ahead of Wednesday's interest rate decision from the Federal Reserve.
Hong Kong's benchmark stock index fell on Tuesday for the ninth session in a row, but the decline was limited by bets that investors would return to riskier assets if the U.S. Federal Reserve ends uncertainty over its monetary policies later this week.
Plan A : Above 21535, do nothing
Plan B : Below 21260, do nothing
Plan C : Attempt buying if market holds firm above 21430
Plan D : Cut below 21345
Plan E : Consider intraday selling if market gaps up but fails to break above 21535
Plan F : Cut above 21565
FKLI
Market attempting to form a bottom above 1606 level with market holding above 1610 yesterday. Market must stabilize above 1606 if it were to stand any chance of rebounding from here and start a mini year end rally. Fed decision might be the stumbling block for the time being but a clearer indicator from Fed tonight might helps to stabilize the market.
Plan A : Attempt buying if market stays firm above 1617
Plan B : Cut below 1610
Plan C : Consider selling if market rebounds but fails to break above 1626
Plan D : Cut above 1632
FCPO
Market went haywire with the switch month trading activity yesterday. Trading could be tricky today with buyers and sellers battling out to be the winner. It will be important for market to hold firm above 2397 today if it were to rebound from here. Failure to do so will likely see buyers getting out and possibly pressuring the market lower. Otherwise, there is a good chance of market rebound today.
Plan A : Attempt buying if market holds firm above 2397
Plan B : Cut below 2383
Plan C : Consider selling if market surges but fails to break above 2442
Plan D : Cut above 2448
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