Wall Street staged a modest rally on Thursday as oil prices recorded their biggest gain this year and ECB President Mario Draghi raised hopes of more stimulus for Europe.
Hong Kong shares finished lower on Thursday after an afternoon sell-off in mainland China markets. The Hang Seng index fell 1.8 percent to 18,542.15 points, while the China Enterprises Index lost 2.2 percent to 7,835.64 points.
Plan A : Above 19007, do nothing
Plan B : Below 18530, do nothing
Plan C : Attempt selling if market gaps up but stays below 18870
Plan D : Cut above 19007
Plan E : Consider intraday buy if market trades firmly above 18685
Plan F : Cut below 18550
FKLI
Market continued its slump yesterday with cash market closing at its day's low level. FKLI however, managed to close almost par to cash market even after touching a new intraday low of 1591.5. Market could rebound a little today but sentiment shall remains weak despite attempts from Bank Negara to stabilize market by reducing its statutory reserve requirement (SRR) ratio from 4.00% to 3.50% effective from Feb 1. Malaysia markets will be close on coming Monday for Thaipusam celebration.
Plan A : Attempt selling if market gaps up but fails to break above 1613
Plan B : Cut above 1620
Plan C : Consider buying if market holds firm above 1606
Plan D : Cut below 1599
FCPO
FCPO finally close the gap from the premium prices over the switch month. Market slumped since Thursday morning 'till 4pm and it slowly supported upwards for the close. Market might experience slight rebound today as Dalian and Soybean oil are slightly positive while Ringgit strengthen to RM4.35 against the greenback.
Plan A : Buy if market supported above 2431. Targets are 2444, 2454 and 2466.
Plan B : Sell if market resisted around 2466. Targets are 2444 and 2454.
Plan C : Above 2466, no fresh position.
Plan D : Below 2431, 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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